White House Backtracks On Claims Of Full AIG Awareness – Update – Obama Knew About AIG Bonuses – Update 2 – Obama Received AIG Payoff

Two weeks ago White House Press Secretary Robert Gibbs told us the White House knew exactly what was going on with the tens of billions of dollars they were handing out like candy to the financial failure known as AIG:

TAPPER: AIG, is the administration confident that it, that it knows what happened to the tens of billions of dollars previously given to AIG?

GIBBS: Is it confident — I’m sorry?

TAPPER: That they know — that you guys know what happened to the previous billions before you hand over this next $30 billion.

GIBBS: Yes — yes, the — I mean, I don’t think it’s a — well, obviously, you’ve got a huge insurance company that is losing money, not the least of which because of its sheer size and sheer size and decrease in the growth in our economy. It experiences a far bigger drop, largely because of its size. But, again, the steps that — that Treasury and — and others took were to ensure a larger systemic problem wasn’t one that we had to deal with here today in letting something just die.

TAPPER: But in terms of specifically the — I guess it’s like $150 billion before, you guys are confident…

GIBBS: Yes.

So either the White House is on a roll with lying to the American public again or they didn’t have a problem with AIG dolling out millions of taxpayer dollars for unworthy bonuses. Can’t have it both ways, Obama. Which is it?

Update: Obama already answered that question. Surprise! They knew. The White House knew about the AIG bonuses for months but did nothing:

Administration officials conceded that almost all of the most recent round of bonuses, totaling $165 million, had been paid last Friday, one day before the Treasury publicly acknowledged that it had reluctantly approved the payouts. The officials said that people who received the bonuses would probably be able to keep them.

The White House knew about the massive payouts and didn’t lift a finger until the public cried out and Obama made a knee-jerk reaction.

Update 2: Barack Obama received a bonus of his own from AIG: $101,332.

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