Isakson urges stronger accountability on AIG

Submitted by the office of Sen. Isakson WASHINGTON — U.S. Senator Johnny Isakson, R-Ga., today sent a letter to Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke to convey his disgust at the behavior of the American International Group and demand stronger accountability in light of the government’s loan to the company. The text of the letter: I write to convey my absolute disgust toward the American International Group Inc. for spending nearly $440,000 on a lavish retreat just days after the federal government provided $85 billion in taxpayer dollars to shore up the company. This financial crisis has cost people their jobs and put small businesses at risk. It has ransacked individual retirement accounts and frozen the credit available for businesses, home purchases and car purchases. The people... [read full story]