Appearing on Capital Hill, AIG CEO Edward Liddy was repeatedly questioned over why the failed insurance giant is paying out over $165 million dollars in bonuses after it received a $170 billion dollar taxpayer bailout. While the Obama administration is expressing outrage, more details have come to light indicating that some officials have known about the bonuses for months. And meanwhile little attention has been paid to what might be a bigger scandal: AIG’s funneling of tens of billions of dollars in taxpayer bailout money to other banks.Robert Scheer is a longtime journalist and editor of the political website Truthdig. He is the author of several books, his forthcoming one is called “The Great American Stickup: Greedy Bankers and the Politicians Who Love Them.” His latest article on Truthdig is, “Perp Walks Instead of Bonuses.” He joins us from San Francisco.
Thursday, March 19, 2009
“A glimpse into the cesspool”: Robert Scheer on AIG Bonuses, the “Backdoor Bailout”, and Why Obama Should Fire Geithner, Summers (with a/v)
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