The Obama administration is facing questions on when it knew of AIG’s plans to hand out $165 million in bonuses after receiving its $170 billion taxpayer bailout. Treasury Secretary Timothy Geithner says he didn’t know until last week and only told White House officials two days after finding out. But testifying on Capitol Hill Wednesday, AIG CEO Edward Liddy said government officials were informed three months ago. The Washington Post reports the Treasury was told at least one month ago.
Uncertainty Grows on When Admin Knew of AIG Bonuses
HeadlineMar 19, 2009