Titus: Billions in Bonuses Prove Big Wall Street Banks Still Don’t Get It"The latest news that Wall Street banks plan to hand out large bonuses a year after they were rescued by a taxpayer bailout once again shows that they have learned nothing in the past year. To add insult to injury, AIG plans to pay out $100 million in bonuses to employees in its financial products division, the same unit whose risky bets put the company on the verge of collapse."
Titus Floor Statement on AIG Bonuses to Irresponsible Wall Street Executives"I find it insulting that the CEO of AIG said that his decision to give out these bonuses was ‘difficult.’ ‘Difficult’ is trying to figure out how to keep a roof over your head when you’ve lost your job. ‘Difficult’ is providing for your children when your hours at work have been cut back."
Congresswoman Titus: ‘AIG Bonuses Are an Outrage’“In my district, families have played by the rules only to lose their job or their home. AIG’s executives have skirted the rules and regulations and left our economy reeling, yet they think they deserve a bonus. That is unconscionable."
Titus and More than 90 House Members Call on Obama Administration to Stop AIG Bonuses"We are writing to express our outrage and disbelief that AIG is moving forward with executive bonuses worth over $165 million. This is a stunning revelation at a time when hard-working families in our districts are bearing the brunt of the faltering economy and seeing their tax dollars used to prop up this company."