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Economy: AIG Bonuses / Cohan Interview #926171

ABC Evening News for Sunday, Mar 15, 2009
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(Studio: Dan Harris) Report introduced.

(White House: John Hendren) The reaction to AIG bonuses to executives despite the companys receiving billions in a taxpayer bailout featured; details given about the timing and the contract issues. [On different talk shows, National Economic Council chairman Larry SUMMERS†- call it "outrageous"; states the government cannot abrogate contracts] The response from AIG CEO Edward Liddy to Treasury Secretary Tim Geithner about the "distasteful" bonuses quoted. [Senator Mitch McCONNELL, Representative Elijah CUMMINGS - offer criticism.]

(Studio: Dan Harris) Live discussion held with "House of Cards" author William Cohan about AIG and the collapse on Wall Street. [COHAN - says the administration knows it needs these high-level people; suggests we need to come clean about what has happened here; comments on the bailout money.]

Harris, Dan;
Hendren, John

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