The CEO of failed insurance conglomerate AIG Edward Liddy testified before the House Financial Services Subcommittee Wednesday. Liddy told lawmakers the large bonuses paid to AIG workers are ‘distasteful’
LINK: Liddy: We’ve heard America ‘loudly and clearly’
WASHINGTON - Under intense pressure from the Obama administration and Congress, the head of bailed-out insurance giant AIG declared Wednesday that some of the firm’s executives have begun returning all or part of bonuses totaling $165 million.
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