WASHINGTON (AP) — Leaders of the White House economic team and the Senate’s top Republican bellowed about bonuses at a bailed-out insurance giant and pledged to prevent such payments in the future. From one Sunday talk show to the next, they tore into the contracts that American International Group asserted had to be honored, to the tune of about $165 million and payable to executives by Sunday — part of a larger total payout reportedly valued at $450 million.——Contact the Daily Reveille’s news staff at [email protected]
Chorus of outrage over millions in AIG bonuses
By The Associated Press
March 14, 2009