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AIG bonus payouts trigger outraged reaction from leaders
White House economic team and Senate leaders condemn roughly 165 million in AIG executive bonuses tied to a 450 million total payout. Geithner and Summers press to curb such payments, noting AIG’s 170 billion dollar federal rescue and contract obligations despite losses. Bernanke echoes anger at taxpayer support for risky bets.
MENTIONED IN THIS ARTICLE
Washington
White House
Senate
American International Group
AIG
Treasury
Timothy Geithner
Edward Liddy
Austan Goolsbee
Barack Obama
Economic Recovery Advisory Board
Goolsbee
Lawrence Summers
Obama
Summers
Geithner
Mitch McConnell
Kentucky
McConnell
United States
CBS
60 Minutes
Federal Reserve
Ben Bernanke
Bernanke
U.S
Liddy
AIG Financial Products
Congress