White House May Want AIG Money Back

CBS News:

The Obama administration is looking for ways to recoup at least some of the $165 million American International Group, Inc. paid out in bonuses over the weekend, despite accepting billions in government aid to stay afloat, reports CBS News correspondent Peter Maer.

The White House continues to negotiate with AIG to bring any payments in line with the government's priorities, an administration official told CBS News.

Read the whole story: CBS News

Comments

[techBob]

"So Pres- here's another course you might want to pursue. You have a few Secretaries working for you, and the Secretary of the Treasury is just one of them. You also have an arm of your administration called the Justice Department.
The Justice Department is headed by the Attorney General. I'll just bet you have the AG's cell phone number. Why not give him a call? Wouldn't it be worth taking a look at this entire division of AIG from a criminal perspective? After all, if the people within that division knew there was a possibility they were selling worthless instruments at some point in time, wouldn't that be fraud? Your newly confirmed Attorney General is Eric Holder, and this would be a great first assignment.
So, let's take it one step further. If you start a formal investigation of this division for fraud, couldn't the justice department take legal steps to suspend those payments pending the outcome of the investigation?" excerpt form the OTCJournal

[RRG64]

Someone tell the American public what AIG is. If the MSM will not, bloggers will have to.

'They used insurance information as a weapon of war,'
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"They knew which factories to burn, which bridges to blow up, which cargo ships could be sunk in good conscience. They had pothole counts for roads used for invasion and head counts for city blocks marked for incineration. T

hey weren't just secret agents. They were secret insurance agents. These undercover underwriters gave their World War II spymasters access to a global industry that both bankrolled and, ultimately, helped bring down Adolf Hitler's Third Reich.

Newly declassified U.S. intelligence files tell the remarkable story of the ultra-secret Insurance Intelligence Unit, a component of the Office of Strategic Services, a forerunner of the CIA, and its elite counterintelligence branch X-2. . . .

the unit mined standard insurance records for blueprints of bomb plants, timetables of tide changes and thousands of other details about targets, from a brewery in Bangkok to a candy company in Bergedorf. 'They used insurance information as a weapon of war,' said Greg Bradsher, a historian and National Archives expert on the declassified records."

[ilovevegas]

President Obama MAY try to get the money from AIG back? No may to it! I am a taxpayer and I want my money back! NO IFS ANDS OR BUTS ABOUT IT! No more bailout money for bonuses period!