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In China, if you did something wrong, they punish you.
Here, we give you bailout money in the billions which you can then give as bonuses to the same morons who got the company (and the country) in the mess in the first place.
In China, if you did something wrong, they punish you.
Here, we give you bailout money in the billions which you can then give as bonuses to the same morons who got the company (and the country) in the mess in the first place.
Wrong: they are not morons they are the "best and brightest". WE THE TAXPAYERS ARE MORONS
“We cannot attract and retain the best and the brightest talent to lead and staff the A.I.G. businesses — which are now being operated principally on behalf of American taxpayers — if employees believe their compensation is subject to continued and arbitrary adjustment by the U.S. Treasury,” he wrote Mr. Geithner on Saturday.
Yea and last week Bank of America took another $9 billion to be used for American investment but they the very same day took $8 billion of that money and invested it in China.
Nobama is giving away the fort here.
If your going to give away bailout money or stimulas money then make the clowns sign a cotract stating what they must do with it. Instead they are being handed the money to do as they please.
I smell federal fraud but my nose is better then your governments.
This is amazing to me. The company "has" to give out bonuses in order to keep the "good" employees??? The ones that destroyed the company??? Or AIG could be sued?? What? Where would the bonuses and good employees be if the company folded?
This is amazing to me. The company "has" to give out bonuses in order to keep the "good" employees??? The ones that destroyed the company??? Or AIG could be sued?? What? Where would the bonuses and good employees be if the company folded?
NO MORE MONEY TO AIG!!!!!
We should have said that a 100 billion dollars ago.
The more I look back at it the more I think these financial giants should have been allowed to fail. The pain and chaos would have been severe but by now a clearer more stable landscape would have emerged.
AIG would have taken down Goldman and perhaps hobbled a couple of the bigger European banks. Disaster, yes. End of the world no. The viable pieces would have been picked up as in the case of Lehman. Citi should have been put in receivership a long time ago or gone the way of Wachovia and Wamu.
I work in the industry, this might have meant my job (as a domino effect)...but that's how capital markets should function. (How's that for country first?)
As it stands now, we still have a financial system that is effectively insolvent. The only credit flowing is that guaranteed by the central banks.
Not sure, how long we can keep the wool over everyone's eyes.
Why do our morons in Congress just keep shelling out billions with no oversight?
They give away the money then they have the gall to preen for the cameras when they're dressing down CEOs after the money disappears.
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