Skip to main content

Barney Frank: We Own AIGs Asses, Ergo We Will Decide Who Gets What And When

  • Author:
  • Updated:

So! Rep. Barney Frank held a press conference a few minutes ago and though he's "not sure how the government will proceed," re: prying those bonuses from AIG's dead lifeless fingers, they've got a will and there will be a way. "All legal recourse" is being explored, most notably the matter of the U.S. being a majority owner of the insurer, a title which comes with the right to "get bonus money back" (and to encourage employees to kill themselves).