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  • Obama: AIG Can't Justify 'Outrage' of Bonuses

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  • Associated Press
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Obama: AIG Can't Justify 'Outrage' of Bonuses

President Barack Obama declared Monday that insurance giant American International Group is in financial straits because of "recklessness and greed" and said he intends to stop it from paying out millions in executive bonuses. (March 16)

Associated Press | March 16, 2009Watch more videos from Associated Press

Tags:. .aig. .bonuses. .outrage. .greed. .straits