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Obama blasts AIG bonuses, says 'I'll take responsibility'

Mar. 18, 2009
President Obama said Wednesday he'll "take responsibility" for AIG executives receiving controversial bonuses while the company took $173 billion in government bailouts.
Related Stories from UPI.com
Obama: 'Buck stops with me'

Obama: 'Buck stops with me'

WASHINGTON, March 18 (UPI) -- Even though no one in his administration wrote contracts leading to the AIG bonus scandal, U.S. President Barack Obama said he was responsible for fixing it.

Consumer group calls for FBI probe of AIG

SANTA MONICA, Calif., March 18 (UPI) -- A consumer group called on the U.S. Justice Department to form a special FBI unit to investigate the controversial bonuses being paid to executives at AIG.
AIG staffers resisted sacrificing bonuses

AIG staffers resisted sacrificing bonuses

WASHINGTON, March 18 (UPI) -- AIG staffers turned down a request by the insurance giant's new management last year to forgo their controversial "retention" bonuses, sources say.

Obama believes in Geithner, spokesman says

WASHINGTON, March 17 (UPI) -- President Barack Obama has "complete confidence" in Treasury Secretary Tim Geithner, ripped for not blocking an AIG bonus distribution, a spokesman said.
Shelby blasts Geithner on AIG oversight

Shelby blasts Geithner on AIG oversight

WASHINGTON, March 17 (UPI) -- U.S. Treasury Secretary Tim Geithner should have blocked AIG from paying out huge bonuses using taxpayer money, a key Senate Republican said Tuesday.
Obama: Geithner to try to halt AIG bonuses

Obama: Geithner to try to halt AIG bonuses

WASHINGTON, March 16 (UPI) -- U.S. President Barack Obama said Monday he asked the U.S. treasury secretary to "pursue every legal avenue" to block bonuses paid by American Insurance Group.
Summers: AIG exec bonuses 'outrageous'

Summers: AIG exec bonuses 'outrageous'

WASHINGTON, March 15 (UPI) -- Millions of dollars in bonus payments to top executives of bailed-out U.S. insurance giant AIG are "outrageous," an Obama administration official says.

AIG giving millions in bonuses

WASHINGTON, March 14 (UPI) -- American International Group Inc., which has received $170 billion in U.S. aid, is handing out millions in bonuses, The Washington Post reported Saturday.
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
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Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler