Despite tied hands, President up in arms over AIG

Tuesday, March 17, 2009

As the lavish AIG executive bonuses continue to infuriate the nation, the Obama administration is swearing to step in. But due to existing contracts and the rule of law, their hands may be tied. So what's a President to do? The New York Times' Jackie Calmes joins us to discuss.

For more, read Jackie Calmes' and Edmund L. Andrew's article, Obama in Effort to Undo Bonuses Granted by A.I.G., in today's New York Times.

Guests:

Jackie Calmes

Hosted by:

Farai Chideya

Comments [2]

hannah

Sorkin sounds like a shill- this isn't the first time I've seen an article of his lobbying for continuing the old standards of pay for Wall St execs. It's amazing how self-righteous these types get every time the idea of "wealth redistribution" through entitlement programs comes up... yet when they are expected to pay up for their contribution to the dismantling of the American economy, suddenly "existing contractual obligations" require the average taxpayer to send a check to the execs whose multi-million dollar bonuses can't possibly be sacrificed.

Mar. 17 2009 10:06 AM
Akeel Haider

Why not the gov. making the names of the execs @ AIG who took bonuses public as a minimum if possible?

The CEO of DW in Germany went before the public there and said no bonuses will be taken by him or other emplyees. Why can't American Bankers have the same integrity?

Mar. 17 2009 09:21 AM

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