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AIG's insistence on bonuses raises ire in Washington
In a letter to the White House, AIG Chairman Edward Liddy, shown here in December, vows to curb bonuses. (CNN) - White House officials and some members of Congress reacted strongly Sunday to news that...
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Congress to grill AIG executive
Liddy will be in the hot seat on Capitol Hill later this week. WASHINGTON (CNNMoney.com) – Lawmakers outraged about the bailout of American International Group will get another forum Wednesday, when...
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Congress looking for ways to recoup AIG bonuses
The House Financial Services Committee, chaired by Rep. Barney Frank, is taking a look at the bonuses being paid to AIG employees. WASHINGTON (CNN) - Outraged House Democrats are scrambling to figure...
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Borger: Where's the White House's tipping point?
WASHINGTON (CNN) – When the White House first got wind of the executive bonuses at American International Group, the disbelief was palpable. "You smack your head and you say 'You've gotta be kidding...
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AIG's Liddy: 'I share that anger'
Edward Liddy, chief executive of bailed out insurer American International Group, will tell Congress Wednesday that he found the company's controversial bonuses 'distasteful,' but necessary because of...
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AIG's political donations
(CNN) - As Congress grills AIG's chief executive Wednesday, here's a look at the top ten political recipients of AIG donations for the 2008 election cycle, according to the Center for Responsive...
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Lawmakers defend role amid AIG bonus backlash
(CNN) – As outrage over American International Group bonuses spreads and finger-pointing continues, lawmakers are trying to convince the public that it isn't their fault. Senators and representatives...
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Obama defends treasury secretary, lambasts AIG bonuses
President Barack Obama defended his treasury secretary Wednesday, saying that no one in the Obama administration had been Responsible for supervising ailing insurance giant AIG. WASHINGTON (CNN) –...
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Bonuses allowed by stimulus bill
Democratic leaders scrambling to strip AIG executives of bonuses are having a hard time answering a key question: Why didn't Congress act to prevent the bonuses in the first place. WASHINGTON (CNN) –...
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Barney Frank: Ownership issue key to recouping AIG bonuses
On Wednesday's 'American Morning,' Rep. Barney Frank, who chairs the House Finance Committee, shared what was legally and legislatively within the government's power on recovering the AIG bonuses....
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BREAKING: I was responsible for bonus loophole, says Dodd
Sen. Dodd told CNN Wednesday that officials in the Treasury Department asked him to add the bonus loophole to the stimulus bill before it was passed. WASHINGTON (CNN) - Senate Banking committee...
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Dodd: Administration pushed for language protecting bonuses
The president, joined by his lead economic advisers, spoke with the press about AIG's bonuses from the South Lawn of the White House Wednesday. WASHINGTON (CNN) - Senate Banking committee Chairman...
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20 states launch AIG investigations
American International Group has received $170 billion in government money since September. (CNN) - Twenty state attorneys general announced investigations Friday into the $165 million bonuses paid by...
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AIG blowback puts Geithner in a pickle
Tim Geithner is facing what President Obama called the toughest challenges of any Treasury secretary since Alexander Hamilton. (CNN) – Treasury Secretary Tim Geithner sat alone at the witness table...
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Granholm to Obama: Rein in health care costs
Gov. Granholm begged the Obama administration to help the manufacturing sector, which she called the backbone of the middle class in this country. WASHINGTON (CNN) – Michigan Gov. Jennifer Granholm...
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Senate Democrats suddenly slow drive to tax AIG bonuses
WASHINGTON (CNN) – The populist wave that swept Capitol Hill last week against controversial bonuses paid to AIG executives stalled Monday after the White House and several key senators raised concerns...
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Behind the scenes: Ed Henry's take on exchange with Obama
CNN's Ed Henry says he had several provocative questions prepared in advance of the news conference. Ed Henry, CNN's senior White House correspondent, got a tough answer from President Obama when he...
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Poll: AIG controversy hurts Dodd back home
There's new evidence today that Senator Chris Dodd is in political trouble back home in Connecticut. (CNN) – There's new evidence today that Senator Chris Dodd is in political trouble back home in...
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Congress to AIG: We'll trust, but verify
NEW YORK (CNNMoney.com) – The CEO of bailed-out insurer American International Group told Congress Wednesday that it has made "substantial" progress in its restructuring efforts, but lawmakers said...
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Geithner defends AIG bailout
Treasury Secretary Geithner defended the federal government's bailout of AIG on Capitol Hill Thursday. WASHINGTON (CNNMoney.com) – Treasury Secretary Tim Geithner said on Thursday that he had no...
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