Wednesday, March 18, 2009

Pelosi Statement on AIG Legislation on House Floor Tomorrow

Pelosi Statement on AIG Legislation on House Floor Tomorrow: "WASHINGTON, March 18 /PRNewswire-USNewswire/ -- Speaker Nancy Pelosi issued the following statement tonight on legislation the House will vote on tomorrow to hold companies, including American International Group (AIG), accountable for the bonuses that were paid to their executives. The legislation will recover the bulk of these bonuses by taxing them at a rate of 90 percent.

'We must stabilize the financial system in order to strengthen our economy and create jobs. We must also protect the American taxpayer from executives who would use their companies' second chances as opportunities for private gain."

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