Obama's "Pay Tsar

By John Terrett in Americas on February 4th, 2010
File photo by AFP

American International Group is paying out another round of whopping bonuses to execs.

Not surprisingly, the move has led to anger on Capitol Hill, at street level here in the US and I'm sure wherever you are now.

American International Group is lavishing up to $100 million in bonuses to executives in the firm's financial products division - yes - that's the outfit that nearly brought the giant insurer to the brink of collapse at the height of the financial crisis in 2008. (Hey! Nice work if you can get it)

This latest round of payouts comes almost a year after bonuses worth $168 million went to the same department.

On the streets of Washington, DC taxpayers who helped prop up AIG on the basis it was "too big to fail" are angry: