New York Attorney General Andrew Cuomo yesterday excoriated American International Group over multi-million dollar outlays for executive bonuses, "golden parachutes" and executive junkets during its fiscal crisis, and threatened to sue if the company did not act to recover the money.

Mr. Cuomo, who held a press conference to denounce the company, released a letter he sent AIG, stating that "the taxpayers of this country are now supporting AIG through rescue financing, which makes such expenditures even more irresponsible and damaging."

He added a "demand" that the AIG board of directors "cease and desist any such further expenditures, and review, rescind and recover all past unreasonable expenditures."

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