AIG makes me sick

Freddie and fannie are paying huge bonuses this year too. We will see how much coverage this gets. They said F and F lost 108 billion last year.
 
Small correction to my calcs based on listening to CEO Liddy's testimony:
AIG owes only approx $80Bil to US, so the retention bonuses amount to 0.2% of federal aid.
The bonuses also represent 0.01% of the $1.6Trillion portfolio that Liddy is trying to keep from blowing up.

Blarney Frank(D.MA) wants the names of the recipients publicized. How did this guy get, and stay elected?
 
BofA says they'll be able to pay back $40Bil in TARP by end of year. A few more announcements like that from FIs and we may just be back on our feet...
 
Seems like the Gov. is now on a witch hunt. They are trying to make it out like they did not know this was going to happen. They probably figure that this will make them look better if they go after big bus.. I think it makes them look like a bunch of fools for giving out the money with out an understanding of how it was going to be spent. After all didn't they promis us that......

Yeah that's what they were trying to do until today when Sen Dodd admitted to changing the language in the bill to allow the bonuses....Seems some unnamed Treasury Department person and the Big "O" administration wanted it to be allowed...

On one stage you have Barney and the other is Barry decrying these bonuses....funny thing it's their people and bills that allowed it to happen...

http://news.yahoo.com/s/politico/20090318/pl_politico/30833

Seems like Sen. Dodd has his finger prints on all kinds of things that are hitting the fan these days... Fannie and Freddie and now AIG....
 
I am not in favor of people getting huge bonuses when the work most of them did would have resulted in a bankruptcy with out the bailout. But this is another example of how the government manipulates the truth and the media goes along with the parts that make good sound bites. What has finally come to light in this thread is the treasury department knew about the bonuses when negotiating the loan bailout. The CEO of AIG made that comment yesterday during his testimony and I swear I only heard one newscaster just whisper it because if that fact becomes widely known, it might look bad for our current government. Hypocrites, their suddenly now up in arms by this news, just an example of why they should not be telling anyone how to run a company. Isn't it a bit scary how they can re-write the tax laws in a few days to get that money back. This less than truthful president that is backed by a Democrat majority is what I fear more than anyone that will get bonuses from AIG or Fannie and Freddie.
 
Wow, if that doesn't scare the p!ss out of everyone it should. Now they can tax whoever they want for apparently any reason. And this time they did it to cover for their own f*ck up. If the Supremes don't knock this down, our Republic is DONE.
 
Back
Top