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Okay, this article from the New York Times says that the employees may in fact find a new job easily--working against (tax-payer-owned) AIG, because they set up all the financial products and they would know how to trade against AIG to their new employer's benefit. AIG felt they had to bribe them to keep them from leaving and pursuing that option.
These are great employees to have, aren't they?
Last edited by Karen59; 03-17-2009 at 06:26 AM..
Reason: spelling
It is simply mind boggling if people think that the mass amounts of money thats being distributed by first Bush and NOW Obama isn't being stolen by several million people from all political parties. You cannot just hand out several TRILLION dollars and not think that a good chunk of it is being stolen but stolen legally. NO ONE should have received a nickel. But the dopey politicians think by giving OUR money away things will be fine and dandy. WHAT happens now if this doesn't work. Better stock up on bullets because there will be riots in the streets. In a capitalist society some things MUST fail and the govts job is not to bail out companies and people.
I can't even read this because it makes me so sick... but I'm with the Senator who said they should resign or kill themselves. No honor in the US anymore. I swear.
By the way, all this fuss about the bonuses (.2 %) is somewhat suspicious. Nobody talks about the rest of the money (99.8%) which went directly to other banks (Goldman sachs, and european banks). This is disgusting.
There's something I don't get; if AIG did not get bailout money, where would the executive bonus money come from? How would AIG be contractually obligated to give out bonus money, if there was nothing to give out? If (or when) AIG fails, who will the execs sue then? Themselves?
There's something I don't get; if AIG did not get bailout money, where would the executive bonus money come from? How would AIG be contractually obligated to give out bonus money, if there was nothing to give out? If (or when) AIG fails, who will the execs sue then? Themselves?
that's a great question, and one i've pondered myself.
Originally Posted by timneh5
"There's something I don't get; if AIG did not get bailout money, where would the executive bonus money come from? How would AIG be contractually obligated to give out bonus money, if there was nothing to give out? If (or when) AIG fails, who will the execs sue then? Themselves?"
Quote:
Originally Posted by tahiti
that's a great question, and one i've pondered myself.
I know, I know . . . it's a no-brainer . . . to me anyway.
None of them deserve tax payers' bonus money and I've just heard on the news that bonus money went to employees that don't even work there anymore!!
I say screw insurance for time being ....who cares about insurance in a free market?
let the bank balance of those execs come down to hundreds of thousands of dollars..
they can easily stay without job for 5-10 years.
Those pigs..
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