March 20th, 2009
10:00 AM ET
5 years ago

Frank wants AIG bonus list

 Frank is seeking the names of those AIG employees who received bonuses.
Frank is seeking the names of those AIG employees who received bonuses.

(CNN) - New York Attorney General Andrew Cuomo may have the names of those AIG employees who received bonuses, but House Financial Services chairman Barney Frank does not, according to his spokesman.

"We are consulting with law enforcement after the concerns that [AIG CEO] Mr. Liddy raised in the hearings. We will decided what we do after that consultation," said Steve Adamske, Frank's spokesman.

Frank has been demanding the names of AIG executives who received bonuses, and threatened a subpoena to get them. Cuomo has cited security concerns as a reason not to release the names.

Edward Liddy also testified before Frank's committee on Wednesday that he did not want the names released to the public, for fear of their safety.

Frank said he couldn't promise that he wouldn't release the names, and said he would consult law enforcement officials about security concerns.


Filed under: Barney Frank
soundoff (68 Responses)
  1. Dutch/Bad Newz, VA

    Barney Frank is trying to make these guys targets. It's almost mafia-like.

    March 20, 2009 10:17 am at 10:17 am |
  2. Marla- FL

    more posturing pontification by the Senate's Elmer Fudd. He won't get it...and he knows it. Pandering.

    March 20, 2009 10:18 am at 10:18 am |
  3. Voter

    These guys are making a fuss just to divert our attention from the fact that they VOTED for these bonuses. The whole thing is really tiresome – all this posturing and carrying on.

    Get back to work!

    March 20, 2009 10:18 am at 10:18 am |
  4. Mike Syracuse, NY

    And I want a list of those who voted for the stimulus with a provison that let AIG keep the bonuses. Barney to Idiot is one of them!

    March 20, 2009 10:19 am at 10:19 am |
  5. Jackie in Dallas

    I'll bet it is a security issue! Some of those people could find themselves being hunted in their own neighborhoods by their neighbors!

    Seriously, these people - but most especially, their contracts - need to be looked at in detail. I've contracted most of the last 20 years...you don't usually have a contract that guarantees you'll get paid if you don't meet expectations, don't meet the terms of the contract, or do something unethical or illegal. While I can't make a judgement on whether what they did was illegal or unethical, I CAN definitively state that if it was a retention bonus, and they left, they owe it back, and if it was a performance bonus, they DEFINITELY owe it back!

    March 20, 2009 10:20 am at 10:20 am |
  6. Jimmy

    make this country better, vote Barney out, he is useless

    March 20, 2009 10:21 am at 10:21 am |
  7. Jackie

    And not to mention...he started this mess my not allowing Fannie and Freddie to be regulated.

    March 20, 2009 10:22 am at 10:22 am |
  8. Bob the Observer

    Look up "hypocrite" in the dictionary, and you will find Barney
    Frank's picture.

    Frank is the poster child of the Republocrat politicians who create a problem, and then are publicly "outraged" at that same problem.

    He was in charge of the banking committee when the mess started, and he could have been vocal back then, when the situation could have been reversed.

    He, like most of the ones we have in Washington, appears to be able to do nothing except talk.

    March 20, 2009 10:22 am at 10:22 am |
  9. Saad from NJ

    And then what????

    March 20, 2009 10:23 am at 10:23 am |
  10. worriedmom

    Frank is a joke and a crook! I don't like it at all that bonsuses were given but people remember it was our Treasury Dept and Congress (Dodd and others) that allowed this to happen. Now they are trying to cya by putting a 90% tax on bonsuses retroactive! I do not think it is right to publicize these individuals names, addresses and etc.
    And personally i think each one of the Congress individuals, treasury and anyone else invovled in this AIG fiasco should have their wages taxed at 90% because they allowed this to happen and thought the American public would never find out. They think we are fools!

    March 20, 2009 10:23 am at 10:23 am |
  11. dave b

    Comrad obama has ordered the lists!!! Don't blame comrad franks ...he is only following orders .. The executions will now begin.

    All hail comrad obama

    March 20, 2009 10:23 am at 10:23 am |
  12. Oh C'mon!

    You know, the reason why they won't give out the list is because they are afraid for the recipients of the bonus.

    I can see that, but you know what?

    They didn't have to take the money.

    Maybe a bit of shame will give these corporations and people in them a better sense of morals.. If there are no consequences, these employees will never feel bad about greed. Fear can be a great motivator when it comes to corruption.

    if anything, they now have the money to hire top level security..

    March 20, 2009 10:25 am at 10:25 am |
  13. Jon

    Barney Frank is a Grade "A" Number one idiot. Yesterday he claimed he was going to do a plethora of actions, all after the fact, to go after AIG and its executives, to get back the bonus money. This morning he did a 720 degree turn around in saying that the Congress CANNOT commit such ex post facto law enforcement against people who defaulted on their mortgage contracts.

    March 20, 2009 10:25 am at 10:25 am |
  14. Oh C'mon!

    don't worry about their safety..

    with the millions of dollars given to them, they can afford the best security services money can buy.

    March 20, 2009 10:26 am at 10:26 am |
  15. Sue

    My husband works for a chemical company and he said these bonuses were not 'retention' bonuses over the longterm. What they were is pay-to-perform awards, meaning that the employee would complete whatever job they were working on to satisfaction, and then would leave the company. It's not illegal, and it's done all the time. What makes this bad is the taxpayer involvement, of course. But I do not believe we need a MCcarthyesque 'hit list' of names. Some of the guys have already surrendered money that they earned legally, and if the rest can live with themselves, so be it. Focus on not letting it happen again, and move on! Frank needs to get over himself. I don't see him volunteering to return any of his salary.

    March 20, 2009 10:27 am at 10:27 am |
  16. matt

    PLEASE...liberals, I beg you to google the name Herb Moses from Fannie Mae and you will easily find the connection between Barney Fife and the ENTIRE mortgage mess....if you are as logical as you say you are, then you would give this a shot...google it, HERB MOSES

    March 20, 2009 10:27 am at 10:27 am |
  17. NYC gal

    Give up some names!

    don't worry about their safety..

    with the millions of dollars given to them, they can afford the best security services money can buy.

    March 20, 2009 10:27 am at 10:27 am |
  18. KC

    I'm surprised that Mr. Frank doesn't already have the bonus list. He was the senator to receive the second most funds from AIG over the last few years. I wonder who the one to receive the most was? Oh yeah, Barack Obama.

    March 20, 2009 10:28 am at 10:28 am |
  19. bob z.

    12 of the companies getting bailouts owe back taxes so what makes you think aig will pay them.

    March 20, 2009 10:28 am at 10:28 am |
  20. Jon

    Message to those who voted for the bailouts.

    You are public employees.

    We are the public.

    YOU'RE FIRED!!!!!!!

    (preferably out of a large cannon)

    March 20, 2009 10:28 am at 10:28 am |
  21. Kevin in Ohio

    Barney Frank sounds a lot like McCarthy.

    March 20, 2009 10:28 am at 10:28 am |
  22. matt

    And I will give you a hint in regards to the Barney Fife/Herb Moses/FannieMae Connection (you're welcome):
    "I am the only member of the congressional gay spouse caucus," Herb Moses wrote in the Washington Post in 1991. "On Capitol Hill, Barney always introduces me as his lover."

    March 20, 2009 10:29 am at 10:29 am |
  23. Bob

    Obviously Barney has no clue on employment law. If the employees of AIG have in writing an employment agreement with bonuses and if they achieve the objects laid out in the agreement, they have to be paid. The government should have stipulated in the bailout money that no bonuses were to be paid out of that cash. Then AIG would have had a legal leg to stand on. This is nothing more than a smokescreen to divert the blame. Barney should be shown the door. His re-elections don't reflect well on the people who keep sending him back.

    March 20, 2009 10:29 am at 10:29 am |
  24. DavidinCA

    This line of reasoning is so inappropriate it could only come from a desperate politician. Barney Frank fits the bill.

    March 20, 2009 10:29 am at 10:29 am |
  25. matt

    Sue, I mean this with no disrespect..but what does your husband working for a chemical company have to do with him knowling the legal structure behind bonuses written at AIG? I appreciate your interest, I just found that amusing. EVERYONE, have a good weekend, enjoy it and smile!

    March 20, 2009 10:31 am at 10:31 am |
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