Filed under: International markets, Bad news, Market matters, Federal Reserve, Financial Crisis The U.S. banking crisis is getting more and more bizarre by the minute. We now focus on AIG. This is probably the greatest understatement of the decade: "AIG, American International Group Inc. (NYSE AIG) ...

Another rough day on the homefront , and any iota of creativity long left me, well before the noon hour. Ahhh, but there is much percolating ... The Cheeseburger That Sweats (or, as he decribes himself, a "harmless, lovable little fuzzball" - he must have shopped himself one helluva doctor to come u...

AIG may be the most unpopular bailout ever. With Wall Street. With Main Street. With the people. Probably even with the President. Yet it is absolutely essential. Here is why. AIG created a ton of what I call Confederate Money. They insured crap that was then called gold. When the gold turned back i...

CBSNews says that AIG will be suspending "bonuses" for executives and will instead replace them with "retention payments." We're not entire sure what the difference is and the government doesn't know either. CBS says: On Wednesday, lawmakers grilled Assistant Treasury Secretary Neel Kashkari about A...

News Item: Heckuva Bailout: Citi and AIG Still Pay Hundreds Of Millions In Sports Sponsorship 10. Instead of 'Fan Appreciation Day', now will be called 'Hank Paulson Appreciation Day' 9. Make fans give back foul balls hit in stands, because Citigroup needs to "tighten belt and save money" 8. When st...