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Tag Archives | AIG

An angry President Obama moves to block AIG bonuses

AIG build in Los Angeles. Photo by Fred Prouser/Reuters   President Barack Obama reacted with “outrage” today to news of the insurance giant, AIG, handing out $165 million in bonuses after receiving $173 billion in government bailout funds. At the White House, the president lashed out at AIG: “This is a corporation that finds itself in financial distress due to recklessness and greed.” The president pointed out that regular folks across the nation are struggling to stay afloat in this weak economy without the benefits of government bailout money or... Read More →

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