House Dems Vote to Let AIG Executives Keep Bonuses
Republican Whip Eric Cantor passed on this news–
Earlier today on the House floor, Democrats did something truly remarkable – they voted to let AIG executives keep their taxpayer-financed bonuses. As you know, this week, $165 million was awarded to 73 AIG employees primarily for the AIG financial products division (11 of the employees are no longer with AIG).
Rep. Erik Paulsen and Rep. Leonard Lance offered a plan to direct the Secretary of the Treasury to implement a plan to recoup or stay the payment of AIG bonuses. To be clear, today’s vote was to stop the bonus payments on behalf of the American taxpayers.
Democrats voted down the bill.
Here is the video:
Eric Cantor posted a list of Democrats that voted against this bill.
More… Florida Republican Connie Mack called for Treasury Secretary Tim Geithner to lose his job Wednesday, becoming the first Capitol Hill lawmaker to call for his ouster over AIG’s using tens of millions of taxpayer dollars for executive bonuses.