New York has already got a lot of material on AIG from earlier investigations, and the corporation may even be in violation of the settlements in some of those cases.
The Feds may not be interested, but the state of New York is and if you think people are angry about bonuses, wait until AIG starts paying criminal fines to the state of New York with bailout money.
]]>I don’t want, and we don’t need, Wall Street to be comfortable. The people in charge are the ones who created this mess and they should be worried about prison, not bonuses.
I sure it came as a big shock to policy holders along the Gulf Coast who have been battling with insurance companies for years over payment, that contracts are inviolate in the opinion of insurance company attorneys.
]]>Ooops… today I read that many of these are ex-employees. And that the Democrats, who are acting all outraged, were told to put the language in the bill to allow the bonus payments, because if they didn’t the employees might quit. Huh? That makes no sense since they should be fired anyway.
There’s a lot of anger out there and not all of it is directed at AIG. I’m furious with our government. They don’t know what they are doing and they are being led around by the ass by special interests… this is painfully obvious to everybody, you don’t even need a business degree to figure it out. Stop the bailouts. It’s not helping.
LadyMin´s last blog post..Sci Fi = SyFy … Really Now?
]]>The pursuit of short term profits to the exclusion of long term viability is the disease of the current corporate leadership. They are “selling their seed” to make money this quarter without thinking about the future.
The reality is that these people don’t know how to run a business, and they have resorted to gambling to make money.
]]>Turley: And I think part of the anger here really shouldn’t be directed at AIG. We all knew what AIG was. The anger, and legitimately can be directed at Congress and both parties. I mean you have these members going around expressing complete shock. But you know when you give billions and billions of dollars to the Pirates of Penzance you can hardly be surprised if they, you know, spend it on women and grog.
Home run!! And the crowd go’s wild…. 😆
More + Video & C&L:
Jonathan Turley Questions Whether We Can Recoup Bonus Money From Individuals at AIG
BTW, it seems C&L Have the above Calvin ‘toon up also. But I got it direct from the Calvin site.
]]>See, very simple really! 😈
]]>Moi;)´s last blog post..He’s Gonna Make ‘Em an Offer…
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