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person > Edward Liddy
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Liddy says "cold realities of competition" forced AIG to pay controversial bonuses.
US president calls payments an "outrage" and urges all measures to be taken to stop them.
US president calls payments an "outrage" and urges all measures to be taken to stop them.
Insurer discloses $90bn payout to banks amid backlash over $165m bonus for employees.
Insurance firm, which took $170bn in taxpayer support, cites "contractual obligation" to pay.
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