Cuomo had given AIG until 4pm to turnover the information, and he announced late Monday that AIG failed to meet those demands and that subpoenas would be issued immediately.
NVDL: If AIG thinks it can flout a furious public, it has another coming. I hear pitchforks and spades rattling down the road...
The hot seat is getting even hotter for AIG Chairman and CEO Edward Liddy. Not only has President Barack Obama called on his Treasury Secretary to do everything possible to block the bailed-out insurance company from doling out $165 million in bonuses, but now the New York Attorney General has announced that he will issue subpoenas immediately for the release of the names and job descriptions of those receiving bonuses.
"Taxpayers of this company are now supporting AIG, and they deserve at the very least to know how their money is being spent," wrote Attorney General Andrew Cuomo in a letter he sent to Liddy Monday. "And we owe it to the taxpayers to take every possible action to stop unwarranted bonus payments to those who caused the AIG meltdown in the first place." AIG has received over $170 billion from the government so far.
"I believe in transparency and disclosure," said Cuomo, "and this is taxpayer money."
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