Search the Archive

Economy: AIG Bonuses / Obama / The Loophole #925658

CNN Evening News for Wednesday, Mar 18, 2009
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(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.

Reporter(s):
Cooper, Anderson;
Bash, Dana
Duration:
00:08:20

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.