March 18, 2009
Posted: 1444 GMT
Hello readers and viewers,
I'm back after a long week-end. Almost every time I turned on the radio, I heard outrage from ordinary Americans about the huge bonuses paid out to AIG employees – past and present – after the company accepted billions of dollars in bailout money.
Sure the money – $165 million – is a drop in the overall rescue plan bucket. Sure politicians are taking advantage of the hooha to score points. Sure the contracts were finalized before the current treasury team took over. But this is a question of principle, say taxpayers, whose hard earned cash turned 73 AIG employees into insta-millionaires.
Today at the I-Desk, we will cover AIG CEO Edward Liddy's testimony on Capitol Hill. We'll break it down with CNN's Dana Bash and analyze what impact this may have on AIG's future.
Also today, a look at Wall Street. A predictable pullback for the Dow Jones this morning after several explosive sessions. There is bad economic news out there, on both sides of the Atlantic. We'll ask if that is weighing down investors' moods.
And one of the most shocking cases in years takes a turn: Josef Fritzl, the father who admits raping, impregnating and sequestering his own daughter for decades, pleads guilty to all charges. We'll take you live to Austria.
All the other day's top stories also on tap at the International Desk.
See you on the air,
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