WASHINGTON, March 16 U.S. President Barack
Obama expressed outrage on Monday over insurance giant AIG's
payment of millions of dollars in bonuses to employees from
taxpayer bailout funds and said he had asked Treasury Secretary
Timothy Geithner to pursue all legal avenues to block them.
"Under these circumstances, it's hard to understand how
derivative traders at AIG warranted any bonuses, much less $165
million in extra pay," Obama said in remarks prepared for
delivery at an event at the White House. "How do they justify
this outrage to the taxpayers who are keeping the company
"This is a corporation that finds itself in financial
distress due to recklessness and greed," he added.