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March 17, 2009

Andrew Cuomo Subpoenas AIG over Bonuses
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AIG has so far refused to publicly reveal who is set to receive the
money. On Monday, New York State Attorney General Andrew Cuomo issued a
subpoena to uncover this information and to determine if the bonuses are
legal. Cuomo said if a company enters into contracts in which it agrees
to pay funds it effectively doesn’t have, it’s akin to a looting of a
company. While Cuomo is issuing subpoenas, Republican Senator Charles
Grassley of Iowa has suggested the top executives at AIG should consider
taking their own lives. Grassley said, “The first thing that would make
me feel a little bit better towards them, if they’d follow the Japanese
model and come before the American people and take that deep bow and
say, ‘I’m sorry,’ and then either do one of two things: resign or go
commit suicide.”



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