Obama has directed the Treasury Department to look into ways and means to stop payment of such bonuses.
"In the last six months, AIG has received substantial sums from the US Treasury. I've asked (Treasury) Secretary (Timothy) Geithner to use that leverage and pursue every single legal avenue to block these bonuses and make the American taxpayers whole," he said.
White House Press Secretary Robert Gibbs said: "This isn't just outrageous and doesn't just sort of violate your sense of commonsense, but it offends our values."
Image: US President Barack Obama. Jonathan Ernst/Reuters
Also read: The 24 richest Indians
|Live updates on money.rediff.com