The public outcry about AIG executives receiving more than $160 million in bonuses after being bailed out by the federal government continues. As a result, the House of Representatives is still trying to figure out how to respond. On Wednesday, the House passed another bill that is aimed at preventing excessive and unreasonable bonuses.
The bill, which was sponsored by Rep. Jim Himes of Connecticut and Rep. Alan Drayson of Florida, allows for industry regulators and the U.S. Treasury Secretary to decide whether or not bonuses are excessive or unreasonable. As advised by President Barack Obama, a delicate yet effective means …read more

American International Group (AIG) lost more than $60 billion in the final three months of 2008 and has received more than $160 billion in federal aid. However, those facts won’t stop the $165 million that the company will hand over to its executives in the form of bonuses.
Although President Barack Obama has stated that he wants to make sure that bailout money simply isn’t going into the pockets of the top executives at companies receiving the federal money, AIG insists that they don’t have any other alternative in this situation. According to the company, management agreed to these bonuses in …read more

American International Group Inc., commonly known as AIG, is getting assisted from the United States federal government for the fourth time. This rescue calls for the government to hand over as much as $30 billion.
Once one of the largest and most powerful companies in the world, AIG has been tortured by the recent economic troubles in the United States. Not long ago, AIG was the largest insurance provider on the planet. Now, the company would cease to exist if it weren’t for the multiple federal bailouts.
On Monday, AIG is expected to announce to shareholders that the company lost more than …read more