Reviewing AIG's Obligations On Bonus Payments

  • Playlist
  • Download
  • Embed
    <iframe src="" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The Obama administration is angry over American International Group's decision to use taxpayer money to pay $165 million in bonuses to employees in its financial products division. That's the same division that designed exotic derivatives partly responsible for AIG's financial collapse, with dire repercussions for the global economy.

The company claimed it was legally obligated to make the payments and would otherwise face lawsuits. Still, the administration says it will pursue every legal option to block the payments.

Host Steve Inskeep talks to Steven Thel, a professor with Fordham Law School in New York, about the payments.



Please keep your community civil. All comments must follow the Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.

NPR thanks our sponsors

Become an NPR sponsor

Support comes from