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Obama defends delay in response to AIG bonuses

Business Materials 25 March 2009 05:12 (UTC +04:00)

President Barack Obama is defending his decision to wait a few days before expressing his anger over the bonuses paid out to executives at troubled insurer AIG, AP reported.

Critics questioned why the president seemed days behind the populist anger over the $165 million that were distributed to executives of the company bailed out with federal tax dollars.

Said Obama: "It took us a couple days because I like to know what I'm talking about before I speak."

The president was answering questions at a prime-time news conference.

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