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More details have been released about the bonuses paid to some American International Group Inc. employees.
The bonuses totaled $218 million, $53 million more than the $165 million previously reported.

At least 78 people received bonuses totaling at least $1 million.
5 people received bonuses over $4 million.

The …

One day after the UK Financial Services Authority pulled a similar stunt, the SEC temporarily banned the short selling of almost 800 financial stocks. According to the ban, on October 3rd short selling can resume.
With the news on Friday, financial stocks rallied.
Here’s the list …

The reason for the bail out is that a failure of such a large insurer would disrupt the financial markets and could tip an already teetering economy.
AIG, American International Group Inc, will get up to $85 billion in a 2 year loan. The government …