Obama To Attempt To Block AIG Bonuses
UPDATE - The President said "[i]n the last six months, A.I.G. has received substantial sums from the U.S. Treasury." [He] asked Treasury Secretary . . . Geithner “to use that leverage and pursue every single legal avenue to block these bonuses and make the American taxpayers whole.” But, "White House officials said that the administration is not looking to take A.I.G. to court to stop the company from paying out the bonuses. But they said the Treasury Department would be trying to figure out what they can do to block A.I.G. from making the payments within the legal confines of A.I.G.’s contractual obligations to the executives."
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