Reid wants an AIG refund
Sen. Reid says Congress is hoping to force AIG executives with millions in bonuses to give some of the money back to the U.S. Treasury.
Reid said Tuesday that the chairman of the tax-writing Senate Finance Committee will issue a proposal in the next day or so that would require AIG to return to government at least a portion of the bonuses that the insurance giant paid out last week.
It's unclear how that would be done, but committee chairman Max Baucus suggested imposing an excise tax on the AIG bonuses. "What is the highest excise tax we can impose that will stand up in court?" Baucus asked. "Let's find out what it is."
And Senate Republican Leader Mitch McConnell, while praising Obama's effort to recover the money, suggested the Treasury Department could have done more two weeks ago, before it agreed to give AIG another $30-billion bailout.
In a short speech on the Senate floor, McConnell asked, "wouldn't the Treasury and the taxpayer have had more leverage over AIG's executive contracts before providing another $30 billion in taxpayer money-rather than allowing the bonuses to be paid with taxpayer money?"
Sooooo. we are giving them another 30 BILLION and we want back the 165 Million....don't ya think that should be pretty easy for them....I mean wouldn't they just be paying us back with our own money?????
This money is GONE!!!!! Why give them more when they have done this (and in fairness it is a small % of the total) AND used the money to bailout overseas banks and to give more to those US banks that already got BIG bailouts.
Floks we are screwed and you aint even going to get a kiss
This could be posted under the tell them what they want to hear thread because both BHO and the congress/senate folks are talking tought about something they can't do anything about at this point, but it sure makes them sound like they are looking out for you huh