Washington knew AIG Paied bonuses

The Obama administration and members of Congress have known that the insurance giant AIG would be willing to pay huge bonuses while living off the government bailouts. It was not until the money was flowing and the news was trickling out to the public that the official Washington rose in anger and swore American money. Barack Obama's team paid $ 30 billion in extra aid to the company So far.

The administration has been unable to continue its activities for Obama's tough rhetoric on executive compensation. And the Congress is unable or unwilling to reduce bonuses for salvation recipients despite some lawmakers repeated attempts to do so. The situation is the White House and Treasury Secretary Timothy Geithner on the defensive. The administration was caught off guard Tuesday to try to explain why Geithner had waited until last Wednesday to call AIG CEO Edward M. Liddy and demand payment of bonuses to be restructured. Bonus questions are not new, as many lawmakers and administration officials knew all too well. AIG plans to pay hundreds of millions of dollars, was published last fall, when Congress began to ask questions about animal Junkers company had sponsored. A November SEC filing the company's data on more than $ 469 million in retention payments to keep valued employees.

Watch The President Obama Goes Off On AIG For Bonuses Video (YouTube):