Bailout watchdog Barofsky to tell Congress Treasury didn’t understand AIG’s pay structure

WASHINGTON — The pitched drama over bonuses for bailed-out executives will be revived on Capitol Hill Wednesday as a government watchdog explains how some executives nearly brought down the financial system — then pocketed millions.

Report: AIG asking corporate pay czar Kenneth Feinberg to approve next week’s bonus payments

After its bonus payments ignited a firestorm of criticism earlier this year, American International Group Inc. is asking the federal government to weigh in on the insurer’s plan to resume paying millions in promised retention incentives next week, according to media reports.

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