Rep Wants Treasury to Act on AIG

Rep. Elijah Cummings plans to send a letter Monday to Treasury Secretary Tim Geithner expressing his "outrage" that insurance giant AIG, the recipient of more than $170 billion in government aid, will dole out $165 million in corporate payments this week as part of its $1 billion retention program to keep senior executives at the company. "I have been deeply outraged by the retention payment and bonus plans that the American International Group, Inc. (AIG) has continued to implement even after...Full Story
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