Obama berates AIG and vows to try to block bonuses

WASHINGTON (AP) -- Joining a wave of public anger, President Barack Obama blistered insurance giant AIG for "recklessness and greed" Monday and pledged to try to block it from handing its executives $165 million in bonuses after taking billions in federal bailout money. "How do they justify this outrage to the taxpayers who are keeping the company afloat?" Obama asked. "This isn't just a matter of dollars and cents. It's about our fundamental values."...

By TOM RAUM

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So???

The bonuses equaled 1/10th of one percent of the total bailout!

We, the American Tax Payer, have 165 billion invested in AIG. If it fails, our money turns to utter sh!t! Pay the employees their contractually agreed wage, tips, and bonuses so that we can get this economy moving again.

 

This is what they should be mad that US taxpayer subsidized money went to...

AIG ships billions in bailout abroad - Eamon Javers - POLITICO.com


much more than the executive bonuses. At least there's a chance that the bonus money might be spent here, in our economy.

 

It depends on whether or not they were contractually obligated to pay the money. But that opens another whole can of worms.

 

Getting pissed off over how a company spends free money seems silly to me.

It's those idiots in Congress that gave these banks the free pass on this money. Obama (and quite frankly, every American) should be pissed at them, not at AIG.

 

Senator Grassley from Iowa has the right idea:

Grassley Resign Suicide AIG