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Politics : Formerly About Advanced Micro Devices
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To: HPilot who wrote (464903)3/19/2009 6:22:52 PM
From: tejek  Read Replies (1) of 1575998
 
These bonuses were proposed at the beginning of 2008 before the bailout.

Liddy should know, he contradicted a lot of BS about this. This was his testimony.

That's not what I keep reading over and over again:

"AIG has said it is contractually obligated to pay the bonuses and will make efforts to reduce the retention payments by at least 30% in 2009. The bonuses were negotiated in the first quarter of 2008 when the financial products business was expected to have a "significant ongoing role" at AIG. The unit is now being wound down."

money.cnn.com
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