Comments on: AIG Bailout Bonuses http://smokebreak.blogshevik.com/2009/03/16/aig-bailout-bonuses/ You want some brie with that whine? Tue, 20 Sep 2011 04:41:31 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Nits1 http://smokebreak.blogshevik.com/2009/03/16/aig-bailout-bonuses/comment-page-1/#comment-87 Nits1 Tue, 17 Mar 2009 00:50:03 +0000 http://smokebreak.blogshevik.com/?p=603#comment-87 Well the thing is AIG is much more than part of the stock/US crash so most of those folks getting bonuses weren't even involved in the derivatives game. They actually sell insurance to other insurance companies. PLUS the Gov knew about the bonuses before the last chunk of money was handed out, why not set some guidelines then? Well because they just aren't setting any, any at all, with anyone till all hell breaks loose in the taxpayer sector and they get worried about PR. CYA Bit of law info, since the bonuses were by contract IF they just cut the bonuses the people could sue and they would win which would mean they would get double the contract amount. Point being the Gov has no business in private business and that bailout crap is just crap. So where was the outrage when F Raines got 90m bonus from FM from cooking the books? So is it right, the bonuses? Nope. But how about everyone cut out the hypocrisy? Well the thing is AIG is much more than part of the stock/US crash so most of those folks getting bonuses weren’t even involved in the derivatives game. They actually sell insurance to other insurance companies.
PLUS the Gov knew about the bonuses before the last chunk of money was handed out, why not set some guidelines then? Well because they just aren’t setting any, any at all, with anyone till all hell breaks loose in the taxpayer sector and they get worried about PR. CYA

Bit of law info, since the bonuses were by contract IF they just cut the bonuses the people could sue and they would win which would mean they would get double the contract amount.

Point being the Gov has no business in private business and that bailout crap is just crap. So where was the outrage when F Raines got 90m bonus from FM from cooking the books?

So is it right, the bonuses? Nope. But how about everyone cut out the hypocrisy?

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