A.I.G. to Pay $100 Million in Bonuses After Huge Bailout
Despite being bailed out with more than $170 billion from the
Treasury and Federal Reserve, the American International
Group is preparing to pay about $100 million in bonuses to
executives in the same business unit that brought the company
to the brink of collapse last year.
I used to think that I was cynical. I am now seeing that I was fucking Pollyanna.
On what fucking planet should these morons get a bonus after shitting the bed, rolling around in it, tossing the blankets on the lawn and then screaming that We had to pay to have it cleaned.
Yeah, I am really pissed about this one.
This is sick. Why in the world are we helping these companies that keep sending millions to people who do not know how to run a company? Furthermore, I fear this is just the tip of the iceberg--there are so many ways these funds are hurting 'average Joes' but benefiting those in high places. Look what Enterprise rent-a-car did to get bailout funds:
ReplyDeletehttp://www.butasforme.com/2009/02/25/alert-enterprise-rent-a-car-may-have-fired-employees-as-fake-evidence-when-lobbing-for-bailout-money/