The announcement that New York Attorney General Andrew Cuomo made yesterdaythat he hopes to recoup $80 million of the much-maligned bonuses paid out by American International Group Inc. (AIG)seemed immaterial to Federal Reserve Chairman Ben Bernankes desire to push for federal supervision of the insurance giants future business dealings.
Cuomos office said that 15 AIG employees have agreed to return more than $30 million worth of bonus payments in full, representing approximately $50 million of the $165 million in bonuses awarded earlier this month, according to an AP report.
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