How was Geithner Really Involved in the AIG Bonuses?
Many sources are blaming Timothy Geithner completely for the scrutinized AIG bonuses that executives received just after the tax-payers bailed out their business. In the article “Conflicting Accounts About Geithner’s Involvement With AIG Bonuses,” Sharona Coutts discusses the differing versions given about Geithner.
The article also delves into the juicy political details that might have inspired the events that have recently transpired, “As has been pointed out before, Dodd is the top recipient of political donations from AIG employees [5]. The AIG Financial Products unit, which wrote the $2.7 trillion of bad bets that pushed the company to near collapse, is headquartered in London and the senator’s home state.”
The question remains as to how heavily Geithner is implicated in what seems to be a slap in the face to Americans. If we can figure out who is responsible for our country’s fiscal policy, perhaps we can avoid getting ourselves further entrenched in debt.
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