Outrage Over AIG

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By Sarah Gravlee

Story Published: Mar 17, 2009 at 6:56 PM MST

Story Updated: Mar 17, 2009 at 6:56 PM MST

BILLINGS - Montana's congressional delegation is joining the outrage on Capitol Hill over big bonuses at bailed out AIG.

The insurance group handed out $165-million dollars in bonuses to executives this weekend, sending shock waves through congress as the company received about $170 billion in federal funding this year. Senator Max Baucus and others want to impose heavy taxes on the bonuses to re-coup taxpayer money that helped bail out the company.

"This is absolutely ridiculous," Baucus said. "It's ludicrous, it's an outrage. I am really mad. Montanans are really mad. I don't know what these people are thinking."

Senator Tester agreed the bonuses need to be recovered somehow. Congressman Rehberg said the lack of oversight that allowed this to happen is a perfect example of why he opposed the federal bailouts in the first place.

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