AIG is looking to clawback a $490 million endowment and the $27 million in donations already made to charities to pay employee bonuses instead. The New York Post has the details on this underhanded, disgusting move by a company and board that has long been disgraced.

AIG has cut or delayed payments to some AIG real-estate ventures, potentially leaving shopping centers and apartment complexes across the US short on cash to pay lenders and fund repairs and renovations. Developers who have partnered with AIG are crying foul.

NY Times published resignation letter of Financial Products VP Jake DeSantis to AIG CEO Edward M. Liddy.

AIG CEO tells the congress that he has asked the employees who have received more than $100,000 retention bonuses to do the right thing and return it back. Edward Liddy says that the company heard the American people and some employees have already returned the retention bonuses to return "at least half of those payments." Liddy told the House Subcommittee that "Some have already stepped forward and offered to give up 100 percent of their payments."

In the wake of the growing issues surrounding the AIG bonus scandal and U.S. Treasury Secretary Timothy Geithner’s oft-demonstrated inability to lead and act appropriately, Congressman Connie Mack (FL-14) today called on Secretary Geithner to either resign or be fired from his position.

Examiner reports, making a reference to a story in Opensecrets.org, that Senator "Obama Received a $101,332 Bonus from AIG."

In a congressional hearing on Wednesday, the CEO of American International Group, the troubled insurance company, will face tough questions from angry members of Congress. The appearance by AIG Chief Executive Edward Liddy comes amid continuing outrage about $165 million in bonuses paid out by the company which received $170 billion in help from the U.S. government:

Attorney General Cuomo sends letter to Congressman Frank Regarding retention bonuses Ppaid at AIG.

Indeed there is such a thing called retention bonus. AIG just created 73 new millionaires by giving them retention bonuses. Isn't this time someone stand up and take some responsibility at AIG instead of slapping the society in its face?

When speaking about the revelation that AIG is going to pay out $165 million in bonuses after taking billions in federal bailout money, Senator Charles Grassley (R-IA) showed yet again why some politicians need to avoid speaking without a pre-written speech in front of them.