Connecticut Attorney General's Office

Press Release

Attorney General Statement On AIG Subpoenas

March 23, 2009

"We are in discussions with the company to set the terms and timing of witnesses' potential appearances before the Banks Committee. We are mindful of security and safety concerns, seeking to be responsive and responsible in addressing them. We cannot comment at this point on who may testify.

"If AIG fails to cooperate, we will take appropriate and aggressive action to enforce these lawful subpoenas. The public has a right to know facts relevant to bonuses made from taxpayer funds by a company that would not exist without a taxpayer bailout. This information is vital for lawmakers seeking to reform Connecticut banking, finance and other laws and regulations -- assuring stronger scrutiny and oversight -- to protect jobs and prevent irresponsible systemic risk.

"We will be reasonable, respecting the security and privacy concerns of individuals who may be involved."