APM

Wall Street Breakfast: Must-Know News

Hmm ?? Who is going to be forced to repay the bonus? AIG with the bailout money, or the individuals who received the bonus? If it is the former, what's the point? If it is the latter, then how can this avoid the "legal fight"?


> In light of this, White House officials later said the payouts couldn't be recovered from their recipients without a legal fight that would be even more expensive to taxpayers. Instead, the Treasury plans to attach new provisions to the $30B installment of bailout funds approved March 2 in order to force repayment of the bonuses.