Perpetuating falsehood, Wall Street Journal's Fund claimed "AIG bonuses ... were in the stimulus bill"
Please upgrade your flash player. The video for this item requires a newer version of Flash Player. If you are unable to install flash you can download a QuickTime version of the video.
SUMMARY: On Fox & Friends, John Fund advanced the Republican falsehood that Democrats created the right for AIG to pay bonuses by passing the economic recovery bill. In fact, the recovery bill did not create the right for AIG -- or any company -- to pay bonuses. Rather, AIG reportedly disclosed that it had entered into agreements to pay these bonuses more than a year ago, the Bush Treasury Department approved of the AIG bailout with this agreement in place, and the relevant provision in the recovery act actually restricted the ability of companies receiving money from TARP to award bonuses in the future.
RSS Feeds
