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Obama Wants AIG Bonuses Back March 18. 2009
President Barack Obama (AP photo) President Barack Obama is demanding AIG employees that received $165 million dollars in bonuses from taxpayer bailout money, return the funds. If not, he will force AIG to return the money. U.S. to claw back AIG bonuses, lawmakers eye tax Tue Mar 17, 2009 11:26pm EDT - WASHINGTON (Reuters) - The Obama administration turned up the heat on AIG on Tuesday over its employee bonuses, saying the embattled insurer will be forced to repay U.S. taxpayers before it gets another bailout of $30 billion. Treasury Secretary Timothy Geithner laid out the conditions in a letter to congressional leaders as irate lawmakers moved quickly toward legislation that would slap a heavy tax on $165 million in bonuses paid by American International Group Inc. |
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