Obama Says Administration Will Try to Block AIG Bonuses
President Obama says AIG's plan to pay out $165 million in bonuses is "hard to understand."
What the hell took so long??
AIG is FINALLY going to be facing a criminal investigation. Still not by the Attorney General of the United States, but by NY AG Andrew Cuomo. Hey, at least there will FINALLY be a criminal investigation...
All I can say is.. IT'S ABOUT TIME!! I have been calling for this for quite a while. Maybe if they opened an investigation sooner they could have save the TAXPAYERS some bucks.
I just hope it does not stop with AIG! There are too many big businesses handing out huge bonuses for executives running failing businesses.
Here is what Liddy (AIG CEO) had to say in defense of this BS. "I do not like these arrangements and find it distasteful and difficult to recommend to you that we must proceed with them...Honouring contractual commitments is at the heart of what we do in the insurance business. "
Hmmm. Not really impressed since we the taxpayers are paying for this crap when I am working through Spring Break and can't take my family on a vacation.
The Most Beautiful Act of Compassion
1 year ago