As if the irrational, irresponsible, illogical, and gullible public needed more fuel on the fire of their unjust outrage over AIG’s 400-employee bonus program, Connecticut Attorney General Richard Blumenthal tells anyone that will listen—so far, this includes CNN, The Wall Street Journal, and Associated Press—that AIG understated the total of its March bonuses by $53 million.
As it turns out, Blumenthal, and everyone working in the Connecticut Attorney General’s office, missed one small detail: they included in their 2009 total the bonuses AIG distributed to employees and openly reported to the Treasury Department in 2008!
- CNN: Connecticut attorney general says AIG understated bonuses
- Bloomberg: AIG Paid Out $218 Million in Bonuses, Blumenthal Tells WSJ
- L.A. Times: Connecticut attorney general does the math on AIG bonuses
- MarketWatch: AIG financial unit received $218 million in bonuses: report
- AP NewsBreak: Conn. AG says AIG paid $218M in bonuses