SkipCaptcha, Automoderated users, edit
2,592
edits
Changes
Jump to navigation
Jump to search
Line 6:
Line 6: − +
→Bonuses: explanation
==Bonuses==
==Bonuses==
In March 2009 a firestorm of public protest exploded when it was discovered the U.S. Treasury under Secretary [[Timothy Geithner]] had allowed AIG to pay $160 million in employment contract bonuses for work in 2008 to the AIG traders who caused over $60 billion in losses in 2008.
In March 2009 a firestorm of public protest exploded when it was discovered the U.S. Treasury under Secretary [[Timothy Geithner]] had allowed AIG to pay $160 million in employment contract bonuses for work in 2008 to the AIG traders who caused over $60 billion in losses in 2008. AIG's employment contracts were written without factoring in the possibility that credit default swaps could result in losses when borrowers default.
==Sharia Financing==
==Sharia Financing==