Keyword: AIG
AIG: “Arrogance, Incompetence & Greed”
by Asgeir Hoem
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The American Insurance Group is currently in the middle of what has been called a growing political firestorm, after allowing payouts of $165 million from government aid in bonuses to their executives. “People are right to be angry. I’m angry,” said president Obama this Wednesday. AIG, which has received a whopping $180 billion in a tax payer funded bailout the last six months, is now asking the people who received more than $100,000 to return half.
