Tuesday, March 17, 2009

Lawmakers Turn Fire on Obama Administration Over AIG Bonuses - First 100 Days of Presidency - Politics FOXNews.com

 

Lawmakers outraged at bailed-out American International Group's move to pay $165 million in executive bonuses are turning their fire on the Obama administration, asking why top officials didn't act to prevent the pay-out earlier.

Though President Obama pledged last month to crack down on executive pay for companies that take "exceptional" amounts of federal bailout money, the administration now seems to be struggling to take action to retrieve the bonuses AIG says it is contractually obligated to pay.

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Lawmakers Turn Fire on Obama Administration Over AIG Bonuses - First 100 Days of Presidency - Politics FOXNews.com

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