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Treasury to Deduct $165M From AIG Bailout to Account for Bonuses

The next bail out payment due from the U.S. Government to troubled insurance giant AIG will exclude the amount that was paid by the company to employees in new bonuses. In a letter written to congressmen on Tuesday, U.S. Treasury Secretary Timohty Geithner said $165M will be taken from the $30bln the...

Posted to MND NewsWire (Weblog) by Anonymous on Wed, Mar 18 2009

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