Well President Obama is not happy with AIG and neither are the American people. It would appear that this company plans to honor various employment contracts and are awarding over 165 million in bonuses to those who oversaw the company’s crisis.

AIG, says the President, is in trouble because of recklessness and greed and in no universe should their actions be awarded. This money is coming from the taxpayers who are currently bailing them out so they can continue to help what is being called Main Street.

These actions have been labeled outrageous by Larry Summers, Director of the White House’s National Economic Council for President Obama and AIG has already received 173 billion in US bailout funds making the single largest recipient. (more…)