Foster Meets With AIG CEO; Asks For Taxpayer Money To Be Refunded

Press Release

Foster Meets With AIG CEO; Asks For Taxpayer Money To Be Refunded

After reports that AIG will be giving $165 million in bonuses to top executives after receiving $170 billion in taxpayer funds, Rep. Bill Foster (IL-14) today met with AIG CEO Edward Liddy, and asked him to refund the taxpayer money used to pay the bonuses. Liddy is scheduled to testify in front of the Financial Services Committee's Capital Markets Subcommittee tomorrow, a Subcommittee on which Foster serves.

Foster released the following statement:

"Three separate times in our meeting, I asked Mr. Liddy to void the bonuses - especially to those that helped put AIG in financial distress. We discussed the legal difficulties in this course of action, and I told him that if he was unwilling or unable to take action, that Congress is very likely to. Furthermore, I reminded him of the pain that the economy is causing my constituents and families across America. Finally, and perhaps hopefully, I asked if there were no patriots left in the financial services industry, those that would be willing to do the right thing, and return their bonuses."

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