Public Outcry Forces Lawmakers to Say They’ll Recoup Millions in AIG Bonuses, But Why Not the Billions in Taxpayer Bailout Funds?
Host: Amy Goodman
Democracy Now
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.”
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