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Goldman Sachs to release details of its AIG relationship

Posted Mar 20th 2009 8:15AM by Mark Fightmaster (RSS feed)
Filed under: Goldman Sachs Group (GS), Amer Intl Group (AIG)

Goldman Sachs (NYSE: GS) is set to make some news today, as the company is going to hold a conference call to address "questions from journalists, and clarify certain misperceptions in the press regarding Goldman Sachs' trading relationship with American International Group." Furthermore, the call will be available to you and me over webcast -- according to GS's press release.

GS has drawn some scrutiny after it was discovered that $13 billion of the AIG-marked government funds actually went to GS. GS was not alone, as Sunday's release of spending details from AIG (NYSE: AIG) showed that Deutsche Bank and Societe Generale also received funds. Of the banks on the list submitted by AIG, GS received the most cash: $12.9 billion. Most of these payments were to compensate for collateral demands from hedges GS purchased from AIG.

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Fannie Mae next in line to hand out questionable bonuses

Posted Mar 19th 2009 8:00AM by Mark Fightmaster (RSS feed)
Filed under: Federal Natl Mtge (FNM), Amer Intl Group (AIG), Politics

Who is ready for a second round of bonus outrage (dare I call it a "bonus" round)? This time it is Fannie Mae (NYSE: FNM) that has awarded retention bonuses to four of its top executives -- let's see how mad everyone gets about this one.

The mortgage company told the SEC in a recent filing that it is going to award bonuses between $470,000 to $611,000 to four of its top executives. As is the nature of a bonus, this payment is on top of the executives' already-hefty base pay.

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