AIG

Wow! Did we ever doubt the money would go to employee's bonuses and foreign banks? Are you surprised? I'm not.

AIG, a recipient of at least $170 billion in federal bailout money , got an $85 billion loan from the Federal Reserve. Lawmakers have been pushing for AIG to release a list of its counterparties since last fall, arguing taxpayers have a right to know how federal aid is being used.Officials from the Federal Reserve and AIG have resisted disclosing the identity of the banks, citing concerns about competition and confidence in the market.

The company also faced criticism over the weekend from White House officials and some congressional lawmakers who reacted strongly to news that AIG had intended to pay out $165 million in bonuses and compensation. Under pressure from the Treasury, AIG scaled back those plans and pledged to reduce 2009 bonuses -- or "retention payments" -- by at least 30 percent. That did little to temper outrage at the initial plan, however.

eabove are xcerpts from a CNN article. Read the full shabang at http://www.cnn.com/2009/US/03/15/AIG.banks.list/index.html