Page 43 - Bonus Pool News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Out? >> truly the party of incumbents. they want to support -- look the corporations'uzunget hit up for donations from the politicians and the politicians come back and say what can we do for you? >> sean: is it is the political system that is more corrupt? i believe capitalism works. capitalism is the answer they create the jobs. >> capitol hill is the problem not wall street. >> i think linked network between capitol hill and wall street. for example in the bailout we've had two trillion dollars of bail out to financial firms. bonus in 2006 was 70 billion dollars on transacts that went belly...

Of the economic collapse in this country, got over $180 billion from taxpayers, and today, once again, continues to pay out bonuses designed to retain workers. explain this to us. >> these are the same bonuses that people went crazy about a year ago. it's the same bonus pool of $435 million. a new big chunk of that goes out. we knew it was coming. this is the bonus pool that keeps on giving, ali. $100 million to members of the financial products division. these are folks today trying to unwind the mess that got aig into its big troubles. now, the company says that the folks here have agreed to...

Outrage, as you might imagine, among lawmakers today. a little perspective here. aig has put american tax pace on the hook, as i mentioned, for $182 billion, so how are they going to get away with this, having not paid that money back, as many financial institutions have already done? joining me is fox business network's stuart varney. good morning, welcome, as always. how does aig stick up for this decision? >> 200 million -- 200 people are sharing the pool, they signed contracts for employment in 2007, before the bailout. aig is contractually obliged to pay them this bonus money. they are, b...

They were always meant to be paid out over several years, and it seems that the treasury department, the obama administration, could not reel it back in. the pay czar, kent ffeinberg, hs been putting pressure behind the scenes cutting bonuses and money else where at aig, but this bonus pool makes people crazy. and aig, a spokesperson, told us today, ali, they believe, "we believe this allows us to largely put this matter behind us." they point out that 97% of the employees they're dealing with had agreed to take less money than they were legally owed. >> right. >> but it's taxpayer money. >> y...

>> this is a situation, tamron, in december 2007, aig signed contracts with people who worked at its financial products unit, promising them these bonuses to be paid out in march of 2008 and march 2009. so this $100 million that's being paid out is part of the bonus pool put aside for march of 2000 or for all of 2009, again, to be paid out in march of this year. you know, there are a couple of little things for you to think about. the original payout was expected to be $236 million. so it's less than half than what was originally expected to be paid out to these people. it also comes on the ba...