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McConnell: AIG Bonuses ‘appalling’
from the Office of Senator Mitch McConnell
Monday, March 16, 2009
‘Going forward, the American people need to have complete certainty that taxpayer money is not wasted in this way again’
WASHINGTON, DC – U.S. Senate Republican Leader Mitch McConnell made the following statement Monday regarding AIG:
“Many of us were outraged over the weekend to learn that AIG, which has already received nearly $175 billion from the American taxpayer, is planning to hand out $165 million in bonuses to its employees. This is appalling — and it’s particularly disturbing given the fact that I sent a letter to Secretary Paulson more than five months ago insisting that if taxpayers were going to help private businesses, then the Treasury would need to use its ‘full enforcement powers to prevent any misuse of taxpayer funds.’
“It is my hope that the Administration gets the message from the taxpayers on this issue. Going forward, the American people need to have complete certainty that taxpayer money is not wasted in this way again. It’s my hope that the Administration will continue to press AIG on these bonuses, and that it will pursue any and all lawful means of recovering these payments to the very people who were responsible for getting us into this mess.”
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