Barack Obama vowed on Monday to pursue “every single legal avenue” to block $165m in bonus payments by AIG amid mounting anger over the insurer’s use of federal bail-out funds, reports the FT. The US president spoke as Andrew Cuomo, New York attorney-general, threatened AIG with subpoenas to identify staff who received the money. The Treasury plans to recoup some cash by modifying the terms of its latest $30bn cash infusion for AIG earlier this month. See FT Alphaville on Goldman’s AIG windfall.

This entry was posted by Gwen Robinson on Tuesday, March 17th, 2009 at 4:56 and is filed under Capital markets, People. Tagged with aig, goldman sachs. Edit this entry.