Vodkapundit

By Stephen Green

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The New Boss Is the Old Boss

March 16, 2009 - 2:09 pm - by Stephen Green

Well:

New York Attorney General Andrew Cuomo has told American International Group he wants details about employees set to receive millions of dollars in bonuses on his desk by Monday afternoon or he will subpoena the company.

Cuomo said his office will investigate whether the employees were involved in the insurance giant’s near-collapse and whether the payments are fraudulent under state law.

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Yes, this is the same Andrew Cuomo whose policies at Freddie & Fannie helped get us — and AIG — into this mess.

Not that I’m defending AIG, mind you — broke companies suckling on the public teat have no business paying out bonuses. Then again, had AIG been allowed to go broke, they’d have new management and new contracts. And their troubles would be their own, not ours.

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3 Comments, 3 Threads

  1. 1. Frank Martin

    Any chance they will investigate the political campaigns that were donated to using TARP funds?

    One guys bonus is another guys “Committee to re-elect”.

    March 17, 2009 - 8:03 am   Link to this Comment
  2. 2. andyinsdca

    Don’t forget that this is the same Andrew Cuomo that ran out Hank Greenberg from AIG on a rail a few years ago…

    March 17, 2009 - 8:08 am   Link to this Comment
  3. 3. kat

    Let the Blogosphere publish the names of the bonus recipients! We’ll take it from there.

    March 17, 2009 - 6:07 pm   Link to this Comment