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Argument: AIG did not file for bankruptcy; bonus contracts still valid

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Supporting quotations

Thomas Keeley. "In Defense of AIG Bonuses". DC Republican. March 18, 2009 - "it’s important to remember that bankruptcy is one of the legal protections a business has to get themselves out of the potentially crippling contracts without having to go through a sea of red tape and individual legal proceedings. [...] Just as is the case with any company, AIG had the option to file bankruptcy, go into protection and remove these contracts. However, the United States felt that AIG was too big to fail, and decided that instead of letting them go bankrupt, they would give them the money they needed to continue doing what they thought was needed to become solid again."

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