Thursday, March 19, 2009

Political Punch: Obama Administration: We Didn't Find Out About AIG Bonuses Until This Month

Political Punch: Obama Administration: We Didn't Find Out About AIG Bonuses Until This Month: "Obama Administration: We Didn't Find Out About AIG Bonuses Until This Month

March 17, 2009 7:18 PM

Sources in the Obama administration Tuesday said that despite previous media reports administration officials did not know until a couple weeks ago that the officials of the controversial AIG Financial Product Division were set to receive $165 million in bonuses on March 13."

Now this is according to the Main Stream media ... however lets take a look at someone else's point of view.

Obama Received a $101,332 Bonus from AIG

Senator Barack Obama received a $101,332 bonus from American International Group in the form of political contributions according to Opensecrets.org. The two biggest Congressional recipients of bonuses from the A.I.G. are - Senators Chris Dodd and Senator Barack Obama.

The A.I.G. Financial Products affiliate of A.I.G. gave out $136,928, the most of any AIG affiliate, in the 2008 cycle. I would note that A.I.G.’s financial products division is the unit that wrote trillions of dollars’ worth of credit-default swaps and "misjudged" the risk.

The Washington Post reports a "mob effect" at A.I.G financial products division:

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