The Dow has been setting records for the past two weeks, so why should you care if the S&P 500 follows? Because the S&P 500 says much more about the U.S. economy. Here's why:
The government's top bailout watchdog accused the Treasury Department on Monday of failing to rein in "excessive" compensation at AIG, General Motors and Ally Financial. Christy Romero, Special Inspector General for the Troubled Asset Relief Program, or SIGTARP, says that the firms don't understand "their extraordinary situations."
The insurer, rescued by the U.S. government in 2008 with a bailout that ultimately totaled $182 billion, may now join a lawsuit against the government alleging the terms of the deal were unfair. The move would be something of a shock development given that AIG just launched a high-profile television ad campaign called "Thank you, America."