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Economy: AIG Bonuses / Obama / The Loophole #925658

CNN Evening News for Wednesday, Mar 18, 2009
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(Warren, Michigan: Anderson Cooper) The issue of bonuses for AIG executives noted. [In Costa Mesa, President OBAMA - says we will deal with the bonus problem and "I will take responsibility"; states we will do everything we can to fix it so taxpayers are not on the hook.]

(Warren, Michigan: Anderson Cooper) The Congressional hearings on AIG noted. [At hearings, AIG CEO Edward LIDDY†- says he has asked for those receiving retention payments to return half.]

(Washington: Dana Bash) The issue of who is responsible for these bonus contracts and the loophole allowing this to happen examined; details given about the role of the Treasury Department and Senator Chris Dodd in allowing the bonuses to go ahead. [OBAMA, Senator Max BAUCUS - express anger.] [DODD - denies the change.] [Today, DODD - admits he agreed to modify the compensation clause; apologizes for what he said yesterday.] The whole bonus situation and what people on Capitol Hill knew discussed.

Cooper, Anderson;
Bash, Dana

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