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  1. #11  
    An Adversary of Linda #'s
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    Quote Originally Posted by marinejcksn View Post
    Nothing Pelousy has never done in her entire life I could agree with. She's wrong on this, just like she's wrong on everything else. You do not write an Amendment to legislation saying that bonuses can be paid and then come back later saying they can't. A contract is a worthless piece of paper if we allow these rubes to change the rules whenever the hell they feel like it. Am I pissed off that my tax dollars are going to give someone a temporary bonus? Sure. But I'm even MORE pissed off that the company was given 170 billion dollars in the first place.

    AND I SHALL DWELL IN THE CRAPPER FOR ALL ETERNITY .
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  2. #12  
    Senior Member cat714's Avatar
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    Quote Originally Posted by PoliCon View Post
    This tax is bullshit. These bonuses were a contractual obligation - and even if they weren't - She's the stupid bitch who helped push through that bail out bill without a stitch of oversight. If anyone needs to pay - is her and the rest of those tools in congress. :mad:
    I'm with Policon on this one. As usual the democraps fucked up, but this time they really fucked up and they can't blame Bush or the republicans. Paying the bonuses is ethically wrong, but it was the dim Senator Dudd who changed the language which eliminated the restrictions on how AIG would use the funds. It doesn't matter where you stand politically, to see our lawmakers pass legislation to punish a certain group of people is more disturbing than those bonuses. It won't be long before the lawsuits get filed.
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  3. #13  
    Senior Member MrsSmith's Avatar
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    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.
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    In actual dollars, President Obama’s $4.4 trillion in deficit spending in just three years is 37 percent higher than the previous record of $3.2 trillion (held by President George W. Bush) in deficit spending for an entire presidency. It’s no small feat to demolish an 8-year record in just 3 years.

    Under Obama’s own projections, interest payments on the debt are on course to triple from 2010 (his first budgetary year) to 2018, climbing from $196 billion to $685 billion annually.
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  4. #14  
    CU's Tallest Midget! PoliCon's Avatar
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    Quote Originally Posted by MrsSmith View Post
    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.
    And what people are failing to grasp - is if they get away with it here for this group - how long until the next group is targeted? You know - people who have done the terrible thing of paying their bills or making money when other people are not??
    Stand up for what is right, even if you have to stand alone.
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  5. #15  
    Member Radix's Avatar
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    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.
    These are not the good old days.
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  6. #16  
    Member Radix's Avatar
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    Quote Originally Posted by MrsSmith View Post
    [B]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.


    Yup!

    Exactamento.
    These are not the good old days.
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  7. #17  
    An Adversary of Linda #'s
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    Quote Originally Posted by PoliCon View Post
    This tax is bullshit. These bonuses were a contractual obligation - and even if they weren't - She's the stupid bitch who helped push through that bail out bill without a stitch of oversight. If anyone needs to pay - is her and the rest of those tools in congress. :mad:
    This whole outrage over bonuses is total crap and they know it.Most company's keep their top people on some kind of commission with a bonus paid at the end of the year depending on how much their accounts returned in profit to the corporation.

    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 .
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  8. #18  
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    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.
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  9. #19  
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    Quote Originally Posted by PoliCon View Post
    And what people are failing to grasp - is if they get away with it here for this group - how long until the next group is targeted? You know - people who have done the terrible thing of paying their bills or making money when other people are not??
    But the circumstances here are so unique. The "legal obligation" argument is really weak tea. It's outrageous on its face.

    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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  10. #20  
    CU's Tallest Midget! PoliCon's Avatar
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    Quote Originally Posted by Hugh Lincoln View Post
    But the circumstances here are so unique. The "legal obligation" argument is really weak tea. It's outrageous on its face.

    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.
    what is obscene is the way that people are letting the press play them and get them all worked up over this relative NON-ISSUE!
    Stand up for what is right, even if you have to stand alone.
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