#1 Obama Orders Treasury Chief to Try to Block A.I.G. Bonuses
Posted: Tue Mar 17, 2009 7:04 pm
NYTimes
[quote]President Obama on Monday vowed to try to stop the faltering insurance giant American International Group from paying out hundreds of millions of dollars in bonuses to executives, as the administration scrambled to avert a populist backlash against banks and Wall Street that could complicate Mr. Obama’s economic recovery agenda.
The latest on President Obama, the new administration and other news from Washington and around the nation. Join the discussion.
“In the last six months, A.I.G. has received substantial sums from the U.S. Treasury,â€
[quote]President Obama on Monday vowed to try to stop the faltering insurance giant American International Group from paying out hundreds of millions of dollars in bonuses to executives, as the administration scrambled to avert a populist backlash against banks and Wall Street that could complicate Mr. Obama’s economic recovery agenda.
The latest on President Obama, the new administration and other news from Washington and around the nation. Join the discussion.
“In the last six months, A.I.G. has received substantial sums from the U.S. Treasury,â€