Wednesday, May 13, 2009
David Cho and Brady Dennis, Washington Post,
David Cho and Brady Dennis, Washington Post,
Officials Knew of AIG Bonuses Months Before Firestorm
Documents show that senior officials at the Federal Reserve Bank of New York received details about the bonuses more than five months before the firestorm erupted and were deeply engaged with AIG as well as outside lawyers, auditors and public relations firms about the potential controversy. But the New York Fed did not raise the alarm with the Obama administration until the end of February.
Recently released documents also illuminate who in the government, beyond the New York Fed, knew what about the bonuses at AIG's most troubled unit, and when.
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Posted by Editor on 05/13/09 at 11:56 AM •
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