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Andrew Cuomo Subpoenas AIG over Bonuses

HeadlineMar 17, 2009

AIG has so far refused to publicly reveal who is set to receive the money. On Monday, New York State Attorney General Andrew Cuomo issued a subpoena to uncover this information and to determine if the bonuses are legal. Cuomo said if a company enters into contracts in which it agrees to pay funds it effectively doesn’t have, it’s akin to a looting of a company. While Cuomo is issuing subpoenas, Republican Senator Charles Grassley of Iowa has suggested the top executives at AIG should consider taking their own lives. Grassley said, “The first thing that would make me feel a little bit better towards them, if they’d follow the Japanese model and come before the American people and take that deep bow and say, 'I’m sorry,' and then either do one of two things: resign or go commit suicide.”

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