AIG is paying the government back with the taxpayer money lent to them

[Bindare_Dundat]

WASHINGTON (MarketWatch) -- The Treasury Department will order failed insurance giant American International Group Inc. to repay the taxpayers up to $165 million  that the company (AIG:American International Group Inc is giving employees as bonuses, Treasury Secretary Tim Geithner said Tuesday. In a letter to congressional leaders, Geithner said the government can't block the payments, which are being made under contracts signed before the government stepped in with $173 billion to prevent AIG from going bankrupt. Acknowledging "considerable outrage" about the bonus payments, Geithner said AIG will pay the Treasury an amount equal to the payments, and the Treasury will deduct that amount from the $30 billion in government assistance that will soon go to the company.

[Bindare_Dundat]

didn't everybody already know that?

What do you mean by "everybody"?

[Soul Crusher]

WASHINGTON (MarketWatch) -- The Treasury Department will order failed insurance giant American International Group Inc. to repay the taxpayers up to $165 million  that the company (AIG:American International Group Inc is giving employees as bonuses, Treasury Secretary Tim Geithner said Tuesday. In a letter to congressional leaders, Geithner said the government can't block the payments, which are being made under contracts signed before the government stepped in with $173 billion to prevent AIG from going bankrupt. Acknowledging "considerable outrage" about the bonus payments, Geithner said AIG will pay the Treasury an amount equal to the payments, and the Treasury will deduct that amount from the $30 billion in government assistance that will soon go to the company.

Why is anybody surprised by this?

The government totally screwed this up and now wants to point fingers???

This is another Obama/Geithner mess that is going to get worse.