1/10th of 1 percent of the bail-out money...and everyone is freaking out. It's pretty obvious that Dodd and Geitner allowed this to happen specifically to get public opinion in their court when it comes to sky-high punitive taxation.
The assholes in Congress got caught greasing the palms of the guys who previously greased their palms.
Now the palm greasing Banking/Insurance/Investment assholes are sent out to the chopping block because after all, their place in the pecking order is not so high as they might have thought.
Is there anyone who is simply not absent of principle in this entire BS mess?
I think not.
Thus we are all screwed together.
What I do know for certain is, I did not vote for any of these parasites.
Some of these account managers return multiple millions of dollars profit to their corporations and deserve a reward for their ability's .Most of these high achievers have contracts defining their profit sharing arrangements and are legal binding documents .
Nasty Pelosi ,Drek Dodd and Fag Frank are trying to cover their political asses with all of this bluster and bullshit .If they tried to break these contractual agreements in court they would be laughed at by Wall Street.The 'Drek und wind' is to hide their collective stupidity .
Many of the bonuses here were retention bonuses - you stay until the end of the year, we pay you $X. It was an incentive to keep people on board at AIG instead of jumping ship to another financial institution. These guys can get jobs anywhere, so there needs to be incentive to keep them at AIG and clean up the mess.
With this recent action by Congress, how many of these guys do you think are going to stick around for the next year? They're either going to demand the money up front (and may leave later in the year) or just leave right away, knowing that any retention bonus at AIG is going to be subject to confiscation by Congress next year.
The final death throes of AIG. We should have let them declare bankruptcy.
There never should have been a "bailout" to begin with, but if we're to have one, million-dollar bonuses using taxpayer money are an obscenity.
The Republicans arguing for them are tone-deaf.
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