Arianna says
"Obama didn’t realize soon enough how ineffective and powerless allowing these bonuses would make him and his administration look. He needs to win this fight."
"Obama didn’t realize soon enough how ineffective and powerless allowing these bonuses would make him and his administration look. He needs to win this fight."
"AIG is shamelessly shielding itself behind the Connecticut Wage Act, a joke of a justification for squandering scarce taxpayer resources," Attorney General Richard Blumenthal said in a statement on Tuesday. "We should use any and every well-founded legal weapon to recapture these baseless bonuses."
Blumenthal said his office will "carefully investigate" the merits of AIG's claims, but added: "Corporate collapse demands accountability -- not windfall payments."
AIG awarded the bonuses even after getting a series of taxpayer bailouts totaling roughly $180 billion, and incurring a $61.7 billion fourth-quarter loss.
A slew of federal and state politicians, including
President Barack Obama, and regulators, have demanded steps to
ensure the repayment of the bonuses. Some of the bonuses went
to employees of the AIG unit responsible for much of the
insurer's troubles.