March 20th, 2009
10:00 AM ET
6 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. Mississippi Mike

    AIG needs to give the list to the IRS, not Barney Frank. Congress is two things right now: A circus designed to make sound bites on the evening news and help C-span with its ratings, and a pipeline for shoving through any piece of poorly thought out legislation Nancy Pelosi writes.

    I'm not sure that selecting congressmen the same way we select jurors would yield any worse results. Plus, most of the people would be satisfied with the high salaries, benefits and perqs that our lawmakers take for granted.

    March 20, 2009 10:32 am at 10:32 am |
  2. Fitz in Texas

    A lot of the problem going on today stems from the likes of Barney Frank, Ms. Waters and the others that said there was nothing wrong with Fannie Mae and Feddie Mac. They are taking our country down and we just stand by and let them. They all need to go and now.

    I'm not real big into name calling but Barney Frank is a self centered JERK!!!!!

    March 20, 2009 10:32 am at 10:32 am |
  3. obamamama

    Who would "not take the money"? Get serious, these people got away w/murder and are laughing all the way to the bank!!!!!!!

    March 20, 2009 10:33 am at 10:33 am |
  4. KC

    .
    I stand corrected it was Mr Dodd who got the second most. Go to opensecrets.org. It will show you who is bought and paid for.

    March 20, 2009 10:33 am at 10:33 am |
  5. mark j

    dave b March 20th, 2009 10:23 am ET

    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
    dave b its spelled comrade

    March 20, 2009 10:36 am at 10:36 am |
  6. sniffhole

    bubba frank had a gay prostitution ring set up in his house......and he wants to hold someone responsible?? this entire administration is truely horrible and ruining the USA.

    March 20, 2009 10:36 am at 10:36 am |
  7. Divsional Change?

    He wants the names – so he can attack them (not that I mind that) but he refuses to ensure that they are kept safe. If I were one of those familiies, and the names ARE released to the do nothing congress, and something happens to any one of them – I'd own that party so fast their collective heads would spin.

    March 20, 2009 10:37 am at 10:37 am |
  8. dave b

    The list will not be shown!!!!!!!!!! Comrad obama's name is on it along with all the other dems

    March 20, 2009 10:38 am at 10:38 am |
  9. rob

    The circus that we call our Gov't is getting totally out of controll. Trying to tax 90% of bonuses will never stand up to a court challange. Congress and the treasury wrote the bill that allowed the bonuses...are they out of their minds? The Congress brought in Liddy to run the thing for $1 dollar a year but they treat him like a criminal. Who is Barney Frank to threaten to make public these names like a show trial right out of the old Soviet Union.

    People, the Fed Reserve just Monitized over a TRILLION of our debt which will almost surely cause run-away inflation, a weak dollar, higher OIL prices and prolonging the bad economy.

    And, Obama is on Leno telling dumb jokes while his treasury cheif is about to lose his job. Someone has to get controll of this runaway train before its too late.

    I don't think the Congressional elections of 2010 can come fast enough.

    March 20, 2009 10:38 am at 10:38 am |
  10. Mel

    Wow, some people are just willing to blame Obama for anything. Looking for a scapegoat and just hoping the whole world fails, are you? What truly wonderful people you are. NOT.

    March 20, 2009 10:39 am at 10:39 am |
  11. Mark

    Here's the list. Pelosi, Dodd, and Obama

    March 20, 2009 10:40 am at 10:40 am |
  12. patti m

    stop giving our money to people who waste it they need to work for it. no more money for aig.

    March 20, 2009 10:43 am at 10:43 am |
  13. Fair is Fair

    Hey Barney Frank,

    We also want to know the nature of the relationship you had with the big-wig at Fannie Mae...

    You know... Fannie Mae. The company you said was perfectly OK?

    March 20, 2009 10:44 am at 10:44 am |
  14. john himmelein

    I watched some of the hearings with AIG head. I couldn't help wondering why many at CNN, my favorite news station, were acting so much like those at fox "news." i also couldn't believe how senators, especially barney frank, would ask a question, get an answer, then ask the same question again. it's easy to see how our government has gotten us in such trouble over the past 8 years. our representatives just aren't that bright. how about looking at the problems our country has: job losses, financial disaster, health care, education, a billions of dollar war. how about not trying to enrage an already emotionally charged population by focusing so much attention on such a tiny part of the problem.

    March 20, 2009 10:44 am at 10:44 am |
  15. kishen c.rao

    well, whoever is on the list, get them out of office....people will judge them in election....press, do not forget these people...get ready with cameras....

    March 20, 2009 10:45 am at 10:45 am |
  16. rooty, sc

    Too bad they weren't union members – then the Democrats would be behaving in a rational way.

    March 20, 2009 10:46 am at 10:46 am |
  17. Jim in Philadelphia

    Release the names. Let AIG worry about the welfare of the families!

    March 20, 2009 10:48 am at 10:48 am |
  18. JP

    The single biggest reason Fannie Mae and Freddie Mac needed billions & billions was lack of oversight. The person with the most responsibility for this lack of oversight is Barney Frank who made public statements that they were fine. I understand why Frank didn't have for oversight he was too busy counting all the money Fannie & Freddie gave him. If Frank had any honor he would resign.

    March 20, 2009 10:57 am at 10:57 am |
  19. Helen, NY

    This guy also is clown. I do not know how Democrats are going to manages with so many clowns around. God save us and save our country.

    March 20, 2009 11:05 am at 11:05 am |
  20. Get Real!!

    I don't agree with the bonuses that these crooks got but with the death threats that their families are receiving, including the children, I wouldn't want to release their names either. How about congress release the names of their families (including their children). After all, congress has completely led the charge to destroy this country and to line their pockets with our money at every turn!

    March 20, 2009 11:06 am at 11:06 am |
  21. Michigan Jim

    Seems like the best the Dems can do on this forum is say "Well, at least they admitted it, unlike Bush/Cheney."

    Everyone who's looked at them says the AIG bonus contracts, inked back in May 2008, are legally binding. The payment of the bonuses was lawful, if distasteful and politically inept 10 months later. Now Congress wants to target a small group of people for 90% taxation on their lawful payments. Any other small group that falls into political disfavor could get the same treatment — including any of you. I haven't pulled out my Constitution yet, but there is something inherently un-American about this. It's also extremely frightening.

    March 20, 2009 11:08 am at 11:08 am |
  22. Denver Mom

    If you don't like the bonuses put AIG in bankruptcy, then you can legally restructure the contracts. STOP THE BAILOUTS!!!!!!!!!!!!!!!!!

    March 20, 2009 11:13 am at 11:13 am |
  23. Nelson Colorado Springs Co.

    Way to go, good move Sen Frank has demanded the names of AIG executives who received bonuses. Put that 90% tax on them

    March 20, 2009 11:13 am at 11:13 am |
  24. Farrell, Houston, Tx

    Liddy read a letter that had threatened an AIG bonus recipient as the reason for not disclosing the names. If a letter was sent then the names are already known. This just doesn't make sense.

    March 20, 2009 11:14 am at 11:14 am |
  25. Carl

    Barney Frank,

    How about you withdraw the $100 million in bonuses to fannie and freddie?

    March 20, 2009 11:30 am at 11:30 am |
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