Americans who have lost their jobs can't afford healthcare, but AIG used our tax dollars to give out $450 million in bonuses to the executives who recklessly brought the company down.
Rep. Barney Frank, chairman of the House Financial Services Committee, wants to try and recover these bonuses. On Wednesday at 10am ET he'll be holding a hearing about AIG on Capital Hill, and we'll be there to deliver your signature and comments directly to members of Congress.
Over 10,000 of us have already signed the petition. Can you help us get to 20,000 by Wednesday? Click here to tell a friend:
American taxpayers now own $80% of AIG after paying $173 billion to keep it afloat. White House economic advisor Larry Summers says the government simply can't break the contracts that AIG had with executives, but right now the Treasury is making the automakers break their contract with factory workers as a condition of receiving TARP funds.
It's time for Congress to use its subpoena powers to look at those contracts and try to get our money back. No more money for banks until they find out where all the money has gone restore some sanity to the regulatory system.
-- Jane, Christy and the Firedoglake Team