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Thursday, March 26, 2009

Subpoenas sent to AIG ?


Subpoenas sent to AIG ?

New York state's top legal officer will issue subpoenas Thursday to American International Group Inc over credit default swaps (CDS) contracts, a source familiar with the matter said.

Andrew Cuomo's office has been pressing AIG , over $165 million paid in retention bonuses to executives . After their 180 billion dollar bailout from us the tax payers .

" The Wall Street Journal reported on its website that Cuomo is subpoenaing the information as part of an effort to assess AIG's claims the firm needed the expertise of employees to unwind certain contracts."

Now , the media has been reporting of the disaproval over the bonuses to the executives . AIG could have stayed out of these hateful headings from the media . And the angry emails from the tax payers . If AIG would have not handed out the 165 million in bonues to their executives .

Well , it is a mess now . For AIG sake I hope they hand over all the 165 million to the government .

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