AIG CEO Liddy Calls Bonuses 'Distasteful'; Asks Execs to Return Money

Citigroup, in addition to receiving $50 billion in government investments, was also provided some $300 billion in backing for troubled assets by the Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corp.

Such guarantees for AIG, Greenberg said, would have meant a savings for the taxpayer and "would have made a hell of a difference for the company."

With reports from ABC News' Matt Jaffe, Ned Potter, Maddy Sauer, Jake Tapper and Z. Byron Wolf.

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