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RAW DATA: Cuomo Letter on AIG Bonuses

The following is a copy of the March 17 letter New York Attorney General Andrew Cuomo sent to Rep. Barney Frank:Dear Chairman Frank:I am writing to provide you and your Committee with information regarding an ongoing investigation my Office has been conducting of executive compensation at American International Group ("AIG"). I hope this information will be useful to the Committee at its hearing on AIG tomorrow.We learned over the weekend that AIG had, last Friday, distributed more than $160 million in retention payments to members of its Financial Products Subsidiary, the unit of AIG that was principally responsible for the firm's meltdown. Last October, AIG agreed to my Office's demand that no payments be made out of its $600 million Financial Products deferred compensation pool. While this was a positive step, we were dismayed to learn after the fact that AIG had made multi-million dollar payments out of its separate Financial Products retention plan on Friday.AIG now claims that it...

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  1. NY judge refuses to dismiss Kerry Kennedy case

    Kerry Kennedy, the ex-wife of Gov. Andrew Cuomo, is likely to go on trial in the fall after a town judge refused to dismiss a drugged-driving case against her Tuesda...

  2. Senate Votes to Audit Fed

    the unanimous vote in the Senate to audit the Federal Reserve and NY Attorney General Andrew Cuomo suing a hedge fund over the Madoff scandal.

  3. If Elizabeth Warren wants to lay blame for financial mess, she can look in the mirror

    A video has been making the rounds of Sen. Elizabeth Warren, D-Mass., getting non-answers from various regulators during her first Banking, Housing and Urban Affairs...

  4. Top white-collar crime prosecutor to lead SEC

    President Obama on Thursday nominated Mary Jo White, a former U.S. attorney who built a reputation prosecuting white-collar criminals, terrorists and mobsters, to le...

  5. Will Cuomo Clawback Merrill's Bonuses?

    FBN's Liz MacDonald on the latest in NY- Attorney - General - Andrew - Cuomo's investigation of bonus payouts to top Merrill Lynch executives.

  6. NY: $210M from Mellon co. to end Madoff lawsuits

    Officials have reached a $210 million settlement with Ivy Asset Management, a BNY Mellon subsidiary that advised clients to invest with Wall Street multibillion-doll...

  7. BofA's Lewis Won't Settle NY AG Civil Charges

    FBN Sr. Correspondent Charlie Gasparino on former Bank of America CEO Ken Lewis refusing to settle civil charges from NY AG Andrew Cuomo

  8. Cuomo Favored to Take Hillary Clinton's Senate Seat

    New York Attorney General Andrew Cuomo is emerging as the leading contender to take over the Senate seat of Hillary Clinton , who is poised to head the State Departm...

  9. Diamond District: Beefing up Law Enforcement

    Diamond District: Beefing up law enforcement, attorney Rebecca Rose Woodland on a new law that would crack down white collar crime.

  10. FOXBusiness.com LIVE: AIG's Big Bonus Payout

    Chapin Hill President Kathy Boyle and Marketwatch's Chuck Jaffe weigh in on the banks and investing. Check out the full hour of FOXBusiness.com LIVE today.

  11. BofA Directors Subpoenaed

    FBN's Liz MacDonald on the NY Attorney General's case surrounding the purchase of Merrill Lynch

  12. FOXBusiness.com LIVE: Pols vs. Credit Cards

    Will lawmakers put an end to rising credit card interest rates? Check out the full hour of FOXBusiness.com LIVE today.

  1. RAW DATA: Cuomo Letter on AIG Bonuses

    The following is a copy of the March 17 letter New York Attorney General Andrew Cuomo sent to Rep. Barney Frank : Dear Chairman Frank: I am writing to provide you an...

  2. New York sheriffs voice opposition to strict gun law, seek to join lawsuit

    County sheriffs have asked to join the federal lawsuit challenging New York's tough new gun restrictions, calling some provisions vague and impossible to enforce fai...

  3. 'Shame on us': New York Gov. Cuomo rips Anthony Weiner comeback bid

    Ouch. New York Gov. Andrew Cuomo pulled no punches in explaining what he thinks of former Rep. Anthony Weiner's comeback bid for mayor of New York City. "Shame on us...

  4. Andrew Cuomo's Now a Rock Star in AIG Bonus-Gate

    So finally New York Attorney General Andrew Cuomo’s a rock star for getting nine of the top 10 AIG execs to give up their bonuses.That'll show 'em, politicians say.S...

  5. Paladino Eyes Another Upset Over Cuomo in New York Governor's Race

    Critics have called him a "wacko," but admirers say he's a breath of fresh air.When it comes to the polarizing Carl Paladino, one thing is clear: he's the Republican...

  6. Does Andrew Cuomo Have Ulterior Motive?

    A look at NY's Attorney General and the Bank of America deal

  7. Khloe, Lamar get rid of T-shirt after Gov. Andew Cuomo threatens legal action

    Apparently New York Gov. Andrew Cuomo has no patience for copy cats.Cuomo's office issued a cease-and-desist letter to reality stars Khloe Kardashian Odom and her hu...

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