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DAMAGE CONTROL

AIG Chief: I Asked for Bonuses Back

Liddy says he requested execs return the money.

We suppose it's worth a try: In testimony before Congress today, the AIG chairman and CEO, Edward Liddy, said he's asked the insurance company executives to return their bonuses. Liddy said that the bonuses were "distasteful" and that he "shares" the anger of the American public. Liddy also said, however, that the $165 million in bonuses paid out over the weekend should be honored as a legal commitment of the federal government. Meanwhile, Obama absolved his administration of any guilt in the economic fiasco, but said he aimed to fix it.

Read it at Associated Press

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