AIG

[sugarpop]

Originally Posted by lookout123

If those bonuses are in any way fraudulent or there is any possible loophole in the contract allowing the non-payment then by all means don't pay it. Any individuals who made policy or took action resulting in serious losses should already have been terminated and shouldn't be around to receive a bonus anyway. Individuals who are there and fulfilled their end of the contract (ill considered though they may be) must receive their compensation.

You know, this isn't a secret (the bonuses). It really is disingenuous the way President Obama, Geitner and all the others are expressing such outrage. They should never have given AIG money without first outlining this stuff. While most of the money went out before Obama was president (I believe), they certainly could have held back that last $30 billion. THAT is on them. And hasn't Gietner been involved in this since the beginning?

[classicman]

Originally Posted by sugarpop

You know, this isn't a secret (the bonuses). It really is disingenuous the way President Obama, Geitner and all the others are expressing such outrage.

Yup - Remember that conversation Bush and Obama had just after the election? The one where the tarp money HAD to be released so that the world didn't crumble? Hmm, now they are blaming him for this too. Interesting.

I've also seen a whole lot of Barney Frank on all the cable news talking tough and playin politics. Not one question from any of the anchors about his position and what he was doing to prevent this type of thing from happening.
Anyone see where all the AIG donations went over the last few years? Chris Dodd was #1 on the list. Did he jump up to give that money back? Did any of them? They're FULL OF SHIT.

Even if they got AIG to pay back the bonus money, its coming from taxpayer money anyway. They're gonna pay you back with YOUR money - feel better now? WTFFF JFC GDMFPOS

[sugarpop]

Originally Posted by classicman

Yup - Remember that conversation Bush and Obama had just after the election? The one where the tarp money HAD to be released so that the world didn't crumble? Hmm, now they are blaming him for this too. Interesting.

I've also seen a whole lot of Barney Frank on all the cable news talking tough and playin politics. Not one question from any of the anchors about his position and what he was doing to prevent this type of thing from happening.
Anyone see where all the AIG donations went over the last few years? Chris Dodd was #1 on the list. Did he jump up to give that money back? Did any of them? They're FULL OF SHIT.

Even if they got AIG to pay back the bonus money, its coming from taxpayer money anyway. They're gonna pay you back with YOUR money - feel better now? WTFFF JFC GDMFPOS

Chris Dodd is the one who changed the part of the legislation that would have prevented this. He really should resign or not run for reelection after this. Shame on him. He was on TV last night trying to justify his actions.

classic, the original AIG bailout wasn't part of the TARP. As for the Tarp, when Bush originally was trying to get it passed, it was 3 pages long. They (Congress) rewrote it so it was much longer, and it actually DID have stuff in there about excessive pay, bonuses and golden parachutes, but they somehow secretly overrode that part after the fact. Maybe that is part of what Chris Dodd changed? I don't know. I looked for the bill, but I'm having trouble finding the original one.

I did find this about AIG though...
http://seekingalpha.com/article/1235...saga-in-review