Peanut Butter News

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Appearing on “Good Morning America” today Feinberg also responded to a senior Republican congressman who claimed that AIG has “taxpayers over a barrel.”

In a statement released Tuesday night Sen. Charles Grassley, the senior Republican on the Senate Finance Committee said “the Obama administration has been outmaneuvered. And the closed-door negotiations just add to the skepticism that the taxpayers will ever get the upper hand.”

Feinberg insisted he had not been “outmaneuvered” by the insurance giant.

Full Story at CNN.com

(CNN) — The past 12 months have been a banner year for cyber crime. And that could be bad news for the future of e-commerce.

“At current trends, in three or four years people will start to think twice about transacting on the Web, individuals and businesses,” said Michael Fraser, director of the communications law centre at the University of Technology Sydney.

“The way it’s trending now, the Web could be so full of rubbish that people won’t trust it,” Fraser said. “That could destroy the potential of the whole knowledge economy, which so many developed economies are counting on for the competitive advantage.”

Full Story At CNBC.com

The Treasury Department put pressure on Citi not to take delivery of a new aircraft, CNBC has learned. Sources say a call Monday night from someone in the department to the bank, expressed “disappointment” in Citi’s originial decision to take delivery. The call was said not to be from new Treasury Secretary Tim Geithner.

Citigroup released a statement saying it has no intention of taking delivery of any new aircraft, a company spokesman told CNBC a day after its plans to take delivery of a new plane sparked criticism.