Shelby Blasts Treasury Secretary Over AIG Bonuses

Richard Shelby Aig Sen. Richard Shelby wants to know why Timothy Geithner didn't try to block the millions of dollars in bonuses paid by AIG after it was bailed-out.

by The Associated Press

Published: Tue, March 17, 2009 - 9:47 am CST Last Updated: Tue, March 17, 2009 - 10:13 am CST

WASHINGTON (AP) - A senior member of the Senate Banking
Committee is questioning how the Treasury secretary has been
handling the controversial bonuses paid out by a bailed-out
company.
Sen. Richard Shelby wants to know why Timothy Geithner
didn't try to block the millions of dollars in AIG bonus payments. The Alabama Republican also wonders whether the American
taxpayers will ever get their money back.
Appearing on the CBS "Early Show," Shelby stopped short of
calling for Geithner's resignation.
Meanwhile, President Barack Obama has directed Geithner to see
if there's any way to retrieve or stop the AIG payout. He's joined
lawmakers in expressing outrage at reports that AIG went ahead with
$165 million in bonuses even as it took more than $170 billion in
bailout money.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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framkly Says:

Wed, Mar 18, 2009 at 12:55 am

As you know, Richard Shelby was against the bailout or should we call it prop up. I hope Senator Shelby files a motion with congress to ask for Timothy Geithner’s resignation.

Wait4Me Says:

Tue, Mar 17, 2009 at 12:43 pm

Another working man. No Lawyers, No ex-CEO’s, and No carreer politicians.

FastFred Says:

Tue, Mar 17, 2009 at 12:33 pm

Wait4Me—-I am also a conservative,but I agree its time for all of them to go! Who does the working Man trust?

Wait4Me Says:

Tue, Mar 17, 2009 at 12:21 pm

I agree with both of you, I happen to be conservative, but can’t believe how our government has abandoned us, ALL of them need to be out and start over. All of them are liars, cheats, and hypocrites. We need to take our government back while we still can. Right or Left they all need to go.

FastFred Says:

Tue, Mar 17, 2009 at 11:56 am

What a hypocrite ! Dodd , who is the head of the senate banking committee, grandfathered these bonuses back in Feb. Also, AIG was one of his biggest campaign contributors Get rid of this clown !

sthdrider2000 Says:

Tue, Mar 17, 2009 at 11:49 am

Could not agree more!!! I am so sick of hearing this moron run his mouth. He’s like a damn communist this guy. Wants to tell everyone HOW it’s gonna be and his, “MY WAY IS THE RIGHT WAY”. WELL WHERE THE HELL WERE YOU, MR. SHELBY, WHEN YOU AND YOUR BUSH ADMINNISTRATION WERE HANDING BLANK CHECKS TO THESE IDIOTS WITH NO STIPULATIONS??? IF YOU ASK ME YOU SHOULD BE LOCKED UP FOR CRIMINAL ACTS AGAINST THE AMERICAN PEOPLE!! CRIMINAL ACTS OF STUPIDITY!!!
WHAT WERE YOU FOLKS THINKING WHEN YOU PUT THIS GUY IN OFFICE?? NOT TRYING TO OFFEND ANYONE, BUT GEE WHIZZ!!

Wait4Me Says:

Tue, Mar 17, 2009 at 11:36 am

Shelby = Hypocrite.