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Neil barofsky, the special inspector general for the tarp, released an alarming audit last week which revealed treasury secretary tim geithners complete lack of oversight and total mismanagement of american international groups (aig) distribution of millions in bonus payments following the companys $180 billion taxpayer bailout.
while mr. geithner maintains that he only found out about the aig bonuses just three days before they were paid, his story is an unlikely one given that everyone at the federal reserve, where geithner was president during the bailout, and everyone at the treasury, where mr. geithner is now secretary, knew about the aig bonuses months in advance.
the american people were rightly outraged when they found out about the aig bonuses u.s. taxpayers own 80& of aig and aig then used those taxpayer funds to pay themselves huge bonuses.
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| | Tags : AIG Bonuses, bailout, AIG, Rep Cliff Stearns, Representative Cliff Stearns, Cliff Stearns, Congressman Stearns, Congressman Cliff Stearns, Rep Stearns, Florida, Florida 6, fl-06, TARP |
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