What’s Good, What’s Bad About the AIG Bailout

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jemmalaroc of DE 11:04AM November 04, 2009

maybe i am stupid but what are the BONUSES AIG guys are getting.please someone out there tell me what this bonus is.
i try catch all info but its confusing.
a bonus to me is a sum given as reward for selling something at a profit.that about sums it up.
so these guys in AIG were in the departmentt that nearly broke the company.they did not make a profit so no bonus.
but from what i hear is the million dollar payouts to these wise guys were for siging a contract to stay at work.i hear the million dollar wise guys were kept on cos the deals they made so complex that its only they can sort it out.but if this million dollars were given as payment to sign a years contract then it is not a bonus.see they did not have to create a profit before they got their money.so its not a bonus.its a signing on fee just like in sports.
as for the complex deals.it tuck two parties to make these deals.so just fire the AIG guys cos they made the problem.just out.go home and dont come back.hire the guys they sold there stuff to and get them to sort it out.they know exactly whats going on.
i would not be against giving the new guys a bonus when their work is finished if the can show the tax payer how much they saved them.
so the point is these AIG guys should be fired.they made the loss (180bl$).they are just 173 people.are you trying to tell me they are the only wise men in usa that can turn AIG around.
no they are not.all over the world big banks and insurance companies are contracting.hundered of thousands of guys are walking around more quilafied then the AIG guys.offer these guys the jobs the 173 wise guys in AIG have.
the white house should find these guys.hire them and let them at the job of sorting AIG out.maybe we get back some of the 180bl$
what we have to shout about is the 180bl.we got to get it back and the guys that made this loss are not the guys to trust to make $180bl profit.we need new blood.honest guys.

patrick of CA 6:10PM March 18, 2009

Enough is enough. Let the greedy *** and there failed companies go bankrupt. See if they walk away with anything from their bankruptcy arbitration.
So many people still don't get it!!! So much for the hard American work ethic, and keeping finances in order, to include careful avoidance of getting in debt over one's head, and doing one's part to contribute their share of taxes for the good of our nation.
No, it is obvious that that is no longer the path to the American dream. For what possible reason should I possibly care about any of these things.
From here on out, it's every man for himself. Collectively... united we don't just fall. We get pushed down and stepped on. Run for the exits, take as much as you can possibly carry with you (eg. undeserved taxpayer financed bailout money bonuses), and the last one out, turn off the lights and shut the door!

Bamr KY of KY 5:25PM March 18, 2009

using the stock's price at the time the bonus contracts were signed. If the "wizards" save the company, they and we taxpayers benefit. If not, the bonuses will be worth less than my 401k. Sound fair?

Bob of MO 4:52PM March 18, 2009

I think we need to take a hard look at our congress and senate ans see who are responsible for the lack of oversight or ignoring the early warnings. They're not getting bonus's, but they have given themselves a pay raise and are still in office. Outside of waiting for the next election how else are we to clean up congress and the senate? THEY are the ones that should be cleaning up. But I don't think any of them are willing to "fire" themselves. I doubt if the President has the will or power to do so, so let the Supreme Court handle it.

Dave of OH 4:04PM March 18, 2009

Wow! Hold the phone! What am I hearing here? That the big corporate executives are not U.S. citizens? They are from overseas in europe or dare I say Armenia also? And here everybody is fencing off Mexico when they should have been watching their economic borders! Better fence off your digital borders next pal! The next thing I had better hear is this:
Illegal aliens are running AIG!! And must be deported and slapped with a criminal record and banned from entering the U.S. and banned from working in the U.S. These aliens robbed America blind and continue to do it as they laugh about it and the economy crumbles. Oh, but the real problem is migrant workers standing at home depot right? Those guys are going to steal american jobs. Migrant workers pale in comparison here.
Lets have some consistency if people from Mexico will be reffered to as "illegal aliens" then this term should be used on ALL people not from America! Otherwise it is a racial slur!!
So AIG is being run by illegal aliens! Let me here you say it!!
And why is this being allowed?? Because they are white skinned why else? They are rich only because they stole the money and lied.
AIG stands for Aliens Incharge of Government!! All the news media refer to poor Mexicans as "illegal aliens" yet with AIG they kindly say "non-citizens" watching their "p"s and "Q"s. How cute! Guess what? I noticed!!!!!!!!!!!And all will see this!

Jorge of CA 3:55PM March 18, 2009

In all seriousness, no one at AIG deserves any bonuses. Let them take it to court in front of 12 unemployed jurors and see what the verdict will be. Also, Timothy (Looks Fench" Geither and Chris Dodd knew about these and now they are "so surprised and shocked" over this. Give me a break.

Frank of CA 2:41PM March 18, 2009

Why not charge all of them under RICO and take everything they own.
After all they are criminals and should be treated as such.

Vince of AZ 2:40PM March 18, 2009

In all seriousness, no one at AIG deserves any bonuses. Let them take it to court in front of 12 unemployed jurors and see what the verdict will be. Also, Timothy (Looks Fench" Geither and Chris Dodd knew about these and now they are "so surprised and shocked" over this. Give me a break.

Frank of CA 2:40PM March 18, 2009