ObamaOdrama

Treasury Secretary Tim “Turbo Tax” Geither is expressing our outrage at AIG with the next $30 billion in government(?) assistance due soon minus a couple bucks.

Here is a portion of the FoxNews report:

Acknowledging “considerable outrage” about the bonus payments, Geithner said AIG will pay the Treasury an amount equal to the payments, and the Treasury will deduct that amount from the $30 billion in government assistance that will soon go to the company.

“We will impose on AIG a contractual commitment to pay the Treasury from the operations of the company the amount of the retention awards just paid,” Geithner said in a letter to congressional leaders.

That’ll teach them… right?

Tags: AIG, Bonuses, Tim Geithner, wasteful spending

This entry was posted on Tuesday, March 17th, 2009 at 9:26 pm and is filed under AIG, Tim Geithner. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.