AIG payments to banks stoke bailout rage
(Reuters)
<p><img src="http://d.yimg.com/img.news.yahoo.com/util/anysize/130,http%3A%2F%2Fd.yimg.com%2Fa%2Fp%2Fap%2F20090315%2Fcapt.447a4039931e496db2f73c77f44c409f.aig_bonuses_ny108.jpg?v=2" align="left" height="86" width="130" alt="An American International Group office building is shown in this Tuesday, Sept. 16, 2008 file photo taken in New York. American International Group is giving its executives tens of millions of dollars in new bonuses even though it received a taxpayer bailout of more than $170 billion dollars. The Treasury Department determined that the government did not have the legal authority to block the current payments by the company. A white paper prepared by the company says that AIG is contractually obligated to pay a total of about $165 million of previously awarded 'retention pay' to employees in this unit by Sunday, March 15. (AP Photo/Mark Lennihan, File)" border="0" /> (http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20090316/bs_nm/us_financial_usa)Reuters - A large portion of the taxpayer money spent to rescue insurer AIG was passed on to Goldman Sachs and several European banks, who were among the major beneficiaries of more than $90 billion in payments in the first three-and-a-half months of the government bailout, AIG disclosed on Sunday.</p><br clear="all"/>
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