Federal Reserve knew about AIG bonuses three months ago, didn't tell Obama

One source familiar with the discussions said the company had provided details about the bonuses to senior Treasury officials at least a month ago. A Treasury spokesman said last night that was not true…

Obama learned of the bonuses March 12, the day before they were paid out, from Axelrod, whom Geithner had briefed on the situation. The president was “aggravated” and “a little bit disbelieving,” Axelrod said in an interview yesterday.