AIG Controversy

Troubled US insurer AIG is facing an investigation into how it is spending US bailout money on bonus payments for employees.

AIG's decision to award $165m in bonuses has sparked outrage as the company has taken $170bn of aid from the US government. President Barack Obama and legislators are seeking ways to recover the bonuses.

AIG also posted a record $62bn loss for the fourth quarter of 2008 - the largest such loss in corporate history.

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Government Intervention | Photo 02
PIM of SPAIN 14

Government’s Cozy Intervention

Many think that Government’s intervention in the market is acceptable, but to how far and which manner? There is no doubt that intervention works, seen the news. Goldman Sachs and AIG are paying out bonuses...
PIM of SPAIN
created by PIM of SPAIN | 3 weeks ago
236 views | 23 comments

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"@Cyclotronx Any data on how much of the bailouts to the banks and AIG went overseas? The bonuses are probably small in comparison...."

maggiemae656 updated twitter @ 2009-03-24 16:47:11
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"AIG to get $30 Billion more for their party fund...."

Designkitten updated twitter @ 2009-03-02 00:50:19
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"S: AIG to break itself up, in exchange for third gov't bailout. Another $30 BN lifeline!..."

hedgefundinvest updated twitter @ 2009-03-02 00:38:06

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