Thursday, March 19, 2009

Washington, D.C. – Congresswoman Dina Titus of Nevada’s Third District spoke on the House floor this morning to express her opposition to bonuses for AIG executives.  Below are her remarks as delivered.

“Mr. Speaker, I rise today in outrage also over the recent news that AIG paid out over $165 million dollars to executives, some of whom are no longer with the company.

“Every day in Southern Nevada, families face tough decisions about their economic futures. Can they afford to stay in their home? Are they going to be able to provide for their children’s future?

“I find it insulting that the CEO of AIG said that his decision to give out these bonuses was ‘difficult.’  ‘Difficult’ is trying to figure out how to keep a roof over your head when you’ve lost your job.  ‘Difficult’ is providing for your children when your hours at work have been cut back. 

“‘Difficult’ is not deciding if you are going to dole out hundreds of millions of dollars to irresponsible Wall Street executives.

“So I would urge Congress and the Administration to act quickly to recoup the taxpayers’ money.”

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Tags: AIG