| − | In March 2009 a firestorm of public protest exploded when it was discovered the U.S. Treasury under Secretary [[Timothy Geithner]] had given out over $160 million in bonuses for work in 2008 to the AIG traders who caused over $60 billion in losses in 2008. A law to "claw back" the bonuses by special taxes passed the House and is before the Senate. The House version applies to all bonuses by financial institutions that have received $5 billion or more in federal bailous money, which includes all the larger banks. The public outrage ended the [[Obama Administration]]'s opportunity to ask Congress for more [[bailout]] billions. | + | In March 2009 a firestorm of public protest exploded when it was discovered the U.S. Treasury under Secretary [[Timothy Geithner]] had allowed AIG to pay $160 million in employment contract bonuses for work in 2008 to the AIG traders who caused over $60 billion in losses in 2008. |