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NBC, ABC, Fox News advance false GOP accusation that recovery bill created right for AIG to pay bonuses

March 20, 2009 9:13 am ET

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SUMMARY: Discussing the House vote to levy a 90-percent tax on executive bonuses, NBC, ABC, and Fox News all advanced the false Republican allegation that by passing the recovery bill, Democrats created the right for AIG to pay bonuses. In fact, the bill did not create the right for AIG -- or any company -- to pay bonuses; rather, it restricted the ability of companies receiving TARP money to award bonuses in the future.

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