Wednesday, March 18, 2009
Public Outcry Forces Lawmakers to Say They’ll Recoup Millions in AIG Bonuses, But Why Not the Billions in Taxpayer Bailout Funds?
With Amy Goodman
"Lawmakers on Capitol Hill have responded to growing public outrage with a pledge to recoup million-dollar bonuses paid out by the bailed-out insurance giant AIG. But the hundreds of millions of dollars in bonus money pales to the billions used to bail out AIG a second time. We speak to consumer advocate Ralph Nader and economist Robert Kuttner, co-founder and co-editor of The American Prospect. Kuttner says, “I think [Treasury Secretary Timothy] Geithner is probably gone within sixty days, because he has become a liability to the administration.”......"