Reaction to AIG executive bonuses and the financial crisis
AIG has received more than 170 billion dollars in bail out money and is planning on handing out 165 million dollars in bonuses to executives, including those at a department responsible for the company’s near collapse. We get reaction to this news from DANIEL GROSS, Moneybox columnist for Slate and the business columnist for Newsweek. He has a new book out called “Dumb Money: How Our Greatest Financial Minds Bankrupted the Nation.” And MICHAEL KAZIN, Professor of history at Georgetown University. His most recent book is “A Godly Hero: The Life of William Jennings Bryant.” Listen to the mp3
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