Obama Watch: Week 8 (Television)

As you all have probably seen or read the issue with AIG and how President Obama is dealing with it. President Barack Obama declared Monday that insurance giant American International Group is in financial bind because of "recklessness and greed" and said he intends to stop it from paying out millions in executive bonuses.

Obama spoke out in the wake of reports that surfaced over the weekend saying that the financially straped AIG was paying substantial bonuses to executives.

AIG was recieving larg amount of federal aid from the federal government, Obama said he has asked Treasury Secretary Timothy Geithner "to use that leverage and pursue every legal avenue to block these bonuses and make the American taxpayers whole."
the Treasury Department will "use a planned $30 billion infusion into AIG to compel the company to repay the bonuses promised to employees of its financial-products group,

Obama made a very good point and really gave a good prespective of what responsibility means. Obama said that "All across the country, there are people who work hard and meet their responsibilities every day, without the benefit of government bailouts or multimillion-dollar bonuses. And all they ask is that everyone, from Main Street to Wall Street to Washington, play by the same rules."

"This isn't just a matter of dollars and cents," he added. "It's about our
fundamental values."

Mmany people feel that the amount of money that AIG was giving out in bonuses is something that is being delt with in to much depth.

Q:what is your opinion on this situation and is obama and the admistration putting to much focus in this issue.

Q:Do you feel that AiG has lost all there credibility with the governrmnt and what steps can AIG do to gain back there respect.