According to ABC News, the good folks at AIG kept handing out the political donations, even after they received more than $85 billion in federal funds to keep from falling apart.
Of the top twelve recipients of AIG's political donations, only 4 were Republicans, including John McCain, who received almost $60,000. The top two recipients? Sen. Chris Dodd and Presidential candidate Barack Obama, who together received over $200,000, nearly 63% of what AIG gave to the top 5 people on the list.
No word yet on whether those listed are planning on returning the money.
In a related note, it appears that Fannie Mae and Freddie Mac, also beneficiaries of recent Federal bailout money, are planning retention bonuses for their own executives; in the case of Fannie Mae, this will be to the tune of some $611,000 each for 4 top managers.
The bonuses were authorized last year by the Federal Housing Finance Agency, which seized control of Fannie and Freddie in September. The bonuses are more than double last year's, which ranged from $200,000 to $260,000.
It will be nice to see Barney Frank calling up these guys for a visit to his committee; maybe Jon Stewart can invite them to his show.
Think it'll happen?
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