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White House

Timothy Geithner

Barack Obama

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online.wsj.com - 3/16/2009

Obama Asks Geithner to Find Way to Rescind AIG Payouts

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[President Obama and Treasury Secretary Timothy Geithner meet with small business owners and community lenders on Monday.] Associated Press President Obama and Treasury Secretary Timothy Geithner meet with small business owners and community lenders on Monday.

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opensecrets.org - 3/16/2009

Before the Fall, AIG Payouts Went to Washington

— opensecrets.org — As long as everyone's talking today about AIG's payouts to its executives and foreign banks, let's remember the payouts AIG has made over the years to politicians. In the last 20 years American International Group (AIG) has contributed more ... (more) Before the Fall, AIG Payouts Went to Washington

Congress

Washington, D.C

Christopher J. Dodd

Max Baucus

Comments vote downundo vote up Patterico's Pontifications found this 3/16/2009found this

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online.wsj.com - 3/16/2009

AIG Faces Growing Wrath Over Payouts

— online.wsj.com — Troubled insurer American International Group Inc., now 80% owned by U.S. taxpayers, spent the weekend deflecting mounting criticism of how government funds have been funneled to various banks and used to pay employee bonuses at the business unit ... (more) AIG Faces Growing Wrath Over Payouts

Comments vote downundo vote up Firedoglake found this 3/16/2009found this

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washingtonpost.com - 3/20/2009

Does Tim Geithner Get It?

— washingtonpost.com — President Obama's claim that Timothy Geithner faces a more daunting set of challenges than any Treasury secretary since Alexander Hamilton may be an exaggeration, but not by much. Geithner may indeed be the hardest-working man in Washington. But to ... (more) Does Tim Geithner Get It?

White House

Timothy Geithner

Comments vote downundo vote up The Mahablog found this 3/20/2009found this

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Squeeze
Talking Points Memo — The Journal is now reporting that the Treasury is perhaps going to hold up that new $30 billion infusion until AIG rescinds those bonuses. Quoting the Journal ... Monday afternoon, a White House official said the Treasury Department will use a planned $30 billion infusion into AIG to compel the company to repay the bonuses promised to employees of its financial-products group, which is responsible for selling the exotic financial instruments that brought the company to near-collapse. The infusion, announced March 2, won't be finalized ...

Obama Administration Makes $30B AIG Infusion Contingent On Bonus Repayment
TalkLeft — The WSJ reports: Monday afternoon, a White House official said the Treasury Department will use a planned $30 billion infusion into AIG to compel the company to repay the bonuses promised to employees of its financial-products group, which is responsible for selling the exotic financial instruments that brought the company to near-collapse. The infusion, announced March 2, won't be finalized until the company and the Treasury work up repayment options, the official said. (Emphasis supplied.) Devil is in the details ...

Rep. Sherman: Treasury Could Easily Get Back Those AIG Bonuses
TPM Election Central — ... Sherman told me in an interview today that the Treasury Department wouldn't have to be withholding $30 billion in aid from AIG until the company restructures its bonus payments, because Congress already had given Treasury the authority to prevent those bonuses from being paid. ...

Obama Asks Geithner to Find Way to Rescind AIG Payouts
Democratic Underground Latest Breaking News — ... to repay the bonuses to employees of its financial-products group, which is responsible for selling the exotic financial instruments that brought the company to near-collapse. The infusion, announced March 2, won't be finalized until the company and the Treasury work up repayment options, the official said. The bonuses to the financial-products division were "found to be completely unacceptable given that AIG is already surviving on taxpayer funds," the official said. Read more: http://online.wsj.com/article/SB123721970101743003.html... Maybe after that they have some time ...