Press

PRESS

March 18, 2009

CREW Files Treasury Dept. FOIA Over AIG’s Use of Bailout Money for Executive Bonuses

FOIA Requests (Legal Filings), Federal Agencies, Department of the Treasury, FOIA, House Members, Barney Frank

Washington, D.C. - Today, Citizens for Responsibility and Ethics in Washington (CREW) filed a Freedom of Information Act (FOIA) request with the Department of the Treasury, seeking documents related to AIG's payment of bonuses to its top executives. CREW also sought expedition of its request based on the growing public concern over the government's expenditure of billions of dollars to bail out troubled financial institutions, including AIG, and the question of whether the Treasury had advance notice that AIG intended to go forward with bonuses despite the company's current financial condition. Rep. Barney Frank (D-MA), chairman of the House Financial Services Committee, has called the bonuses "wholly unjustified."

Click here to read CREW's FOIA request to the Department of the Treasury.
Click here to read the documents CREW received in response to this request.