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A Year Later, Less Than Half of AIG Bonus Money Repaid

By Implode-Explode Heavy Industries

" One year after American International Group (AIG) executives promised to repay millions in so-called retention bonus money in an effort to stem public outrage, less than half of the money has actually found its way back. According to a report from the government's bailout watchdog, only $19 million of a promised $45 million was repaid. The rest has likely vanished along with many of the employees who received the money last year.

Full post as published by Mortgage Lender Implode-o-Meter on December 26, 2009 (boomark / email).