Tuesday, March 17, 2009

 

AIG Bailout

According to the Associated Press, American International Group paid bonuses of $1 million or more to 73 employees, including 11 who no longer work for the company, New York Attorney General Andrew Cuomo said Tuesday. Sounds like corporate welfare, not a "bailout" to me. How can lawmakers be so naive as to give bailout money without any strings attached?
In addition to prosecuting the AIG execs who received and distributed the money, we should also prosecute the lawmakers who arranged for this handout.
According to Cuomo, "AIG also claims that retention of individuals at Financial Products was vital to unwinding the subsidiary's business," Cuomo wrote. But AIG has been unwilling to provide their names, despite his subpoena for the list, making it impossible to test that claim.
They got a frickin' SUBPOENA, for chrissakes, just send in the Storm Troopers and GET what they need. If it was you or I, do you think WE could get away with this crap?
According to Reuters, "With one senator remarking that top AIG managers might even consider suicide, some lawmakers proposed slapping a surtax on the $165 million in bonuses for dozens of executives at a company that was once the world's largest insurer,"
I have two questions, how high is your tallest building, and would you rather jump or be pushed?

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