[SallyC]

Anybody else a little miffed at AIG, for taking our bailout tax money, to give themselves billion dollar bonuses?

I don't think the Prez is going to let them get by with it and the Congress is talking about taxing the bonuses to the hilt..

Let's pray that these bonuses don't happen.

[DM]

I'm spittin nails over that one Salpal!!! Double GRRRRRRRRRRRRRRR!

[SallyC]

UGHhhhhhhh....Grrrrrrrr!!!


http://news.yahoo.com/s/ap/aig_cuomo

[kicker]

Did they not know people would get angry or do the b******s not care at all?

[Dejibo]

I think they were hoping it would go un noticed. Many are now changing the names of bonus payment to say 'incentive' or 'rentention' or 'recruitment' payments. its no longer tagged as bonus. What ticks me off is the administration said they knew where every penny was being pointed in the company, and then gittneir learned about the bonus payments when he read it in the news paper! Like the wolf watching the hen house.

I say we let them fold! go under, bankrupt, have a short sale on them. Who cares if we own 80% of them? Why throw good money after bad? grrr...dont get me started.

[doydie]

Equally as mad. What makes it worse is that AIG said that they had terrible 4th quarter earnings!

[SallyC]

It seems they are having a hearing on this, right now.. Hey, the CEO of AIG, doesn't like the bonuses, either...maybe because he didn't get one..

[TXBatman]

At the risk of being political, I am going to state some facts. I hope that after reading them, you will realize that this is all just political theater among good friends who don't really mean each other any harm...

Fact 1: When the bailout bill was being written, Chris Dodd inserted language that exempted from the executive compensation limitations any bonuses contained in contracts signed or amended before February 11, 2009. The language inserted by Dodd explicitly guaranteed that any company with employees whose employment contracts with their executives guaranteed them bonuses would be allowed to make those bonus payments. In others words, Dodd wrote in language to allow exactly this situation with AIG to happen.

Fact 2: During 2008, AIG and its execs gave $424,571 to members of the US Senate. They gave a whopping 48% of that money to just two senators...Chris Dodd ($103,100) and Barack Obama ($101,332). The other 52% was split among 31 other senators (average of $7102 per senator)

Fact 3: Obama's spokesman two weeks ago stated that the administration knew exactly where every penny of the money given to companies being bailed out was being spent.

Given those three facts, do any of you believe that Obama or Dodd would be acting the least bit upset about what AIG did if the story about the bonuses being paid at AIG hadn't gone public last week? I am sure they will both be getting their cut of those bonuses next election cycle after this storm blows over and America goes back to worrying about what Lindsay Lohan and Britney Spears are up to...

[Curious]

You forgot Octomom.

So is AIG hiring?

[Aarcyn]

Originally Posted by TXBatman

At the risk of being political, I am going to state some facts. I hope that after reading them, you will realize that this is all just political theater among good friends who don't really mean each other any harm...

Fact 1: When the bailout bill was being written, Chris Dodd inserted language that exempted from the executive compensation limitations any bonuses contained in contracts signed or amended before February 11, 2009. The language inserted by Dodd explicitly guaranteed that any company with employees whose employment contracts with their executives guaranteed them bonuses would be allowed to make those bonus payments. In others words, Dodd wrote in language to allow exactly this situation with AIG to happen.

Fact 2: During 2008, AIG and its execs gave $424,571 to members of the US Senate. They gave a whopping 48% of that money to just two senators...Chris Dodd ($103,100) and Barack Obama ($101,332). The other 52% was split among 31 other senators (average of $7102 per senator)

Fact 3: Obama's spokesman two weeks ago stated that the administration knew exactly where every penny of the money given to companies being bailed out was being spent.

Given those three facts, do any of you believe that Obama or Dodd would be acting the least bit upset about what AIG did if the story about the bonuses being paid at AIG hadn't gone public last week? I am sure they will both be getting their cut of those bonuses next election cycle after this storm blows over and America goes back to worrying about what Lindsay Lohan and Britney Spears are up to...

I went looking to see where you got your facts. Can you please cite your source?