AIG Bonuses: What Can the White House Do?

President Obama moved to the front of a growing line of government officials and taxpayers who are furious that the insurance giant AIG agreed to pay $165 million in bonuses after taking more than $170 billion in taxpayer money to stay afloat. Channeling the populist outcry, Obama vowed to do whatever he could to recover the AIG bonuses, calling them a fundamental violation of American values. He urged Treasury Secretary Timothy Geithner to use his leverage and legal avenues to rectify the...Full Story
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