In the newest development of the investigation into the New York Fed’s involvement in the AIG bailout of last year

After rising controversy concerning the possibility that the New York Fed asked AIG to limit its disclosure concerning its involvement in the financial bailout

It appears that banks aren’t the only ones undergoing investigations over their actions during the recent financial crisis.

With talk about the state of our economy turning more optimistic, the government has started to ease up on some of the harsher regulations placed on large financial institutions.  

American International Group has planned to transfer American International Assurance Co. and American Life Insurance Co to the Federal Reserve Bank Of New York.

Conflicting reports about the American International Group (AIG) Chief Executive Officer Robert Benmosche's next move in response to the government's seemingly tightly-woven strings wrapped around the beleaguered institution

The Obama administration is working to improve the credit flow to small and medium scale businesses. The President has repeated countless times that it is critical for banks to lend money to businesses in order to stimulate the economy. However, tighter requirements that include higher deposit insurance premiums, the demand for capital from the regulators, and apprehension about the next move from Congress are not helping in the situation.

For the average taxpayer, it is difficult to comprehend how such large sums of money can still make it into the hands of those who do not deserve it at all, and in a way, even helped to create this financial crisis in the first place. While perhaps hundreds joined the ranks of millions of jobless Americans or those in danger of losing their homes last weekend, a select group of people on the other hand, 73 of them to be exact, received at least $1 million in bonuses.