The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Koligman who wrote (191413)	3/18/2009 1:54:15 AM
From: geode00	Read Replies (7) of 306849

"Treasury Secretary Timothy Geithner told congressional leaders the U.S. will recoup executive bonuses paid by American International Group Inc. as outraged lawmakers raced to take back such payments from all companies getting federal bailouts. Geithner, who has come under fire from Congress over the AIG payments, said in a letter to lawmakers last night the government will recover the money by requiring it be repaid from company operations and deducting the amount from the next $30 billion in aid being provided to the insurer. He also said the government will work to accelerate the “wind down” process of restructuring AIG...." bloomberg.com If I understand this correctly, I do believe Geithner is missing the entire point. People are furious that these AIG people are getting paid AT ALL.

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