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StrAIGht up shameful

March 15th 2009 04:11
This one could make your head explode:

American International Group is giving its executives tens of millions of dollars in new bonuses even though it received a taxpayer bailout of more than $170 billion dollars.

They say that they can't stop the bonuses for legal reasons and that they will limit future bonuses, but that's not assuaging me at all. Every third or fourth person in the country seems to be a lawyer these days. Are you telling met that there's no loophole to prevent the payment of bonuses to people WHO RAN THEIR COMPANY INTO THE GROUND?? AIG is beyond broke. They are deep in debt and are all but nationalized at this point.

So let's get that American legal ingenuity in gear and find a way to avoid paying these bonuses. Rewarding stupidity and ineptness isn't a good investment of taxpayer dollars.

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Comment by S.L.

March 15th 2009 07:45
Rewarding incompetence is becoming the new national pastime, PopCon. The bail-outs were a stupid idea to start with have have gotten no smarter as time goes on. As soon as it became clear the first one didn't work, they came up with a new one. It didn't work, and now there's another one looming. B.O. (B.S.), being incompetent himself, seems to need to continuing digging the financial hole deeper every day.

Comment by PopulistConservative

March 15th 2009 08:09
If they had let AIG go into a managed bankruptcy, they probably could've easily broken those contracts allowing for bonuses, SL. No one in Washington thinks that far ahead, though.

Comment by S.L.

March 15th 2009 08:26
Does anyone in Washington think at all, PopCon?

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