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Tonight on AC360°, we’re following all the latest on the AIG front as the outrage over billions in bonus payments boils over. Today we learned that AIG gave more than 73 employees in its Financial Products subsidiary (yep, that’s the rogue unit that nearly drove the company into the ground with its risky investments) bonuses of $1 million or more. 11 of those employees no longer work at AIG. New York’s Attorney General Andrew Cuomo said the top 10 bonus recipients combined take was $42 million, with the top recipient getting more than $6.4 million. Now lawmakers are scrambling ot find ways to get the billions back. It’s your money after all – taxpayer bailout funds paid for the bonuses. We want to keep the live blog on this one topic. So, please share your thoughts on AIG below.
And, don't miss Tom Foreman's webcast on the AIG outrage during the commercials. Watch our WEBCAST
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I am getting tired of hearing people say that this problem with AIG is because of Pres. Obama's decisions. It amazes how short memories can be. It was Pres. Bush who signed the financial bailout that gave AIG all that money. It was Pres. Bush who didn't attach any strings to that money. His actions told AIG that they had already mismanaged money, but that's ok here's some more to play with.
Good night all