A.I.G. to Pay $100 Million in Bonuses After Huge Bailout
WASHINGTON — Despite being bailed out with more than $170 billion from the Treasury and Federal Reserve, the American International Group is preparing to pay about $100 million in bonuses to executives in the same business unit that brought the company to the brink of collapse last year.
Supposedly, the administration tried to get them to reduce the bonuses but was persuaded that AIG was contractually obligated.
That's crap shit.
Time for Obama to man up. These people did damage to the world financial system that terrorists can't even dream of.
Try them for treason. Then cut their heads off.
1 comment:
This is sick. Why in the world are we helping these companies that keep sending millions to people who do not know how to run a company? Furthermore, I fear this is just the tip of the iceberg--there are so many ways these funds are hurting 'average Joes' but benefiting those in high places. Look what Enterprise rent-a-car did to get bailout funds:
http://www.butasforme.com/2009/02/25/alert-enterprise-rent-a-car-may-have-fired-employees-as-fake-evidence-when-lobbing-for-bailout-money/
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