Nation

In an interview with the Wall Street Journal, AIG CEO Robert Benmosche said that public outrage over the company’s executive bonuses is “sort of like” lynching Black people in the Deep South, reports CNN Money. According to Benmosche, criticism of the bonuses “was intended to stir public anger, to get everybody out there with their […]

<a href="http://www.blackplanet.com/Mr_Spann/">Mr_Spann</a> raised the question of which company really deserves a bailout.

While top executives of sinking companies like AIG and Merrill Lynch are being bailed out, average Americans are being failed by their government, and left to struggle with the crisis on their own. NewsOne introduces our <strong>"Bailed Or Failed"</strong> series. <span style="text-decoration:underline;">Click through</span> to read about an exec who was bailed out and an average American who was failed during the financial crisis.<strong> Protest here!</strong>

In a record bailout of a private company, the government on Monday provided a new $150 billion financial-rescue package to troubled insurance giant American International Group, including $40 billion for partial ownership.