Senator suggests AIG execs should kill themselves
- Thread starter Banjo
- Start date
the problem is if you don't pay the bonuses, you have now opened up the can of worms of breaking contract law...and where do you stop?
http://www.slate.com/id/2213885/
http://www.slate.com/id/2213885/
Quote from gnome:
Where's the grass roots movement for all of CONgress/Senate killing THEMSELVES? That's the only way we'll ever be rid of the bastards* so we can get on with repairing their damage...
*Americans are obviously too brainwashed to vote them out of office, regardless of how egregious their behavior.
At the '08 election, Congress had a disapproval rate of 86%, yet 95% of incumbents got re-elected. WTF???
Took the words right out of my mouth.
When can we expect the unaccountable congress critters to gas themselves for their failures? When will we hold them accountable?
Quote from gnome:
Renegotiating bonus should have been a condition for receiving public funds...
If not for public money, they likely would not have received their [not deserved] bonus AND lost their job as the company goes bankrupt.
They simply used they system to enrich themselves at public expense...
Apparently the AIG money was from the Fed Reserve and did not require Congressional approval. Not necessarily that the outcome would be any different, but Congress has a place to wag it's finger rather than just in the mirror this time.
So I suppose the Fed didn't think to renegotiate bonuses before it handed over the loot.
All of the talk about the AIG bonuses is probably just distracting talk from Congress and the Administration.
The gov't practically owns AIG and I would be willing to bet that AIG's CEO probably checked with senior gov't leaders before paying out these bonuses. Given all of the public outrage and controversy that we have seen recently when other companies paid out bonuses, the CEO would have to be an idiot not to expect a similar outcry, therefore he must have been given the OK to do this.
Having the President saying that he will take all legal steps possible to get these payments back is just a smoke screen and he knows it.
The gov't practically owns AIG and I would be willing to bet that AIG's CEO probably checked with senior gov't leaders before paying out these bonuses. Given all of the public outrage and controversy that we have seen recently when other companies paid out bonuses, the CEO would have to be an idiot not to expect a similar outcry, therefore he must have been given the OK to do this.
Having the President saying that he will take all legal steps possible to get these payments back is just a smoke screen and he knows it.
Once again, I know this is a very tough & complicated concept, but please try to use the brain that god has gifted you with.
AIG is BEYOND BANKRUPT. There is no employment contract out there which actually requires the company to pay out under a force majeure situation. That's part of the reason why signing bonuses exist.