Bob’s take on

Over the weekend, Obama administration people hit the talk shows and announced they are  ”outraged” about the AIG $150 Billion in retention bonuses. They all said that there is nothing that can be done, maybe next time.  Finally, outraged peaked on Monday and Obama gave a speech and proclaimed  that he will try to re-open the AIG Bonus issue and try everything legal to get them back. (The bonuses were given on SUNDAY, but the Press picked up on it) Treasury secretary Geithner said he tried everything last week to stop them, with no success.

Everyone in Congress is talking tough to cameras, but still claim they can do nothing except embarrass the ones taking the Retention bonuses.

Enough Background info–here are the facts:

New York Attorney General Andrew Cuomo is actually DOING something. He says how can you call it a “retention bonus” for an AIG company that LOST THE MOST MONEY EVER, $60 BILLION in the last QUARTER. The Taxpayers have already given them over $160 BILLION in Bailout money and we now own 79% of the company!  He asks–How can you give retention bonuses for losses? Attorney General Cuomo want a list of names of those receiving BONUSES.  So far he discovered this in a letter sent to Barney Frank.

1. AIG had a deadline of 4PM yesterday to provide the Names, they did not respond.

2. 11 people received Retention Bonuses for 2008 and have already DEPARTED the company!

3. 73 People who received Bonuses are now Millionaires because of their Bonus.

4. Top 7 received more than a $4 Million Dollar Bonus.

5. Top 10 received Bonuses totalling over $42 Million.

6. Top 22 Each   over $2 Million each.

GREAT JOB AG Cuomo  —-  Now Barney Frank and Sen Chris Dodd, please DO something!  By the way, where is the US Attorney General, we taxpayers need your help also!