Connecticut seeks answers on AIG bonus documents
Connecticut Attorney General Richard Blumenthal said he wants explanations from American International Group after documents show bonuses in the financial products unit exceeded prior reports. The papers indicate $218 million paid last weekend versus $165 million disclosed earlier, with 73 employees receiving over $1 million and five over $4 million.
MENTIONED IN THIS ARTICLE
New Haven
Conn
Connecticut
American International Group Inc
AIG
Richard Blumenthal
Blumenthal
Financial Products Unit
AIG Financial Products
Associated Press
Mark Herr
Obama plan to buy banks toxic assets to free lending
The Obama administration proposes a public private partnership to buy banks toxic assets using the Fed and FDIC backing with up to 1 trillion in loans and a 700 billion bailout fund. It aims to remove soured loans from banks books and spur auto student and credit card lending.
MENTIONED IN THIS ARTICLE
Obama
Washington, D.C
Treasury
Timothy Geithner
Fed
Eral Reserve
Federal Deposit Insurance Corp
American International Group Inc
Congress
Geithner
FDIC
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