Remember how the derivatives people at AIG got big bonuses last week and everyone went nuts including the House which ran around trying to tax everything? Uhh: “Attorney General Andrew M. Cuomo of New York announced late Monday afternoon that 9 of the top 10 bonus recipients at the American International Group had given back their bonuses.” And 15 of the top 20, and $80 million of the total $165 million. Cuomo did this by simply threatening to subpoena and expose all of these people — at least the ones within his jurisdiction — and they all got scared and paid the money back. Pay attention, everyone! [NYT]
Mar 23 7:01 pm 2009
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