But his message had to compete for attention with news that the giant insurance company American International Group,or AIG, paid out $165 million in bonuses to employees after the government agreed to bail out the financially troubled company.
VOA: standard.2009.03.21
On Tuesday,Geithner told Congress that the government must have the authority to seize non-bank entities, arguing that massive destabilizing dangers can come from financial institutions - a lesson learned from the rescue of American International Group,or AIG, a giant insurer that received a $180 billion taxpayer bailout.
VOA: standard.2009.03.25
AIG CEO Liddy's testimony Wednesday to the House committee comes as lawmakers absorb details of the company pay outs, including a report from New York Attorney General Andrew Cuomo that 73 AIG employees received bonus checks of $1 million or more.
VOA: standard.2009.03.17
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