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March 27, 2009

AIG executive defends bonuses 

Filed under: Bridging Finance — Phill Taylor @ 12:11 am

HARTFORD, Connecticut (Reuters) - An executive at American International Group Inc defended the insurer’s controversial $165 million (114 million pounds) in bonuses, saying the recipients did not create the problems that led to a government bailout and several had resigned following threats.

New York AG subpoenaes AIG on CDS contracts

Filed under: Bridging Finance — Phill Taylor @ 12:11 am

NEW YORK (Reuters) - American International Group , which has received $180 billion (124 billion pounds) in U.S. taxpayer money, was subpoenaed on Thursday by New York’s top legal officer for information on its credit default swaps contracts, sources familiar with the matter said.

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