U.S. (President) Barack Obama said on Monday that his administration will stop insurance giant American International Group [AIG] from paying 165 million (dollars) of bonuses to its executives.
"It's hard to understand how derivative traders at AIG warranted any bonuses, much less 165 million dollars in extra pay," Obama said at the (outset) of an appearance to announce a plan to boost small businesses loans.
"How do they (justify) this outrage to the taxpayers who are keeping the company afloat," the president said, adding that the insurer is in financial straits because of "recklessness and greed."
The president's (remarks) came as the financially strapped AIG, which Obama said has received "substantial sums" of federal aid from the federal government, was reported (to be) paying 165 million dollars of bonuses to its executives.
The 165 million dollars were payable to (executives) by Sunday and was part of a larger total payout reportedly valued at 450 million dollars.
Question)
1. Do you support Obama’s measures?
2. How to balance the rich and the poor under financial crisis?
