Well, here we go again. After an incredible $170 billion dollars has already been given to AIG for their bailout, they add fuel to the fire and a slap in the face to every American with their bonus payout program. To the tune of $165 million dollars! Their reasoning is that they are contractually obligated, and that they do not want to lose the best and brightest from the industry. Where are these so called bright people going to go? Who will hire them? Are they not the same individuals who participated in creating this mess in the first place? I believe they are.
The bonuses will be paid to executives in their Financial Products division. This is the same unit that wrote trillions of dollars’ worth of credit-default swaps that protected investors from defaults on bond backed by subprime mortgages.
Remember, of all financial institutions that have been supported by taxpayer bailout money, AIG has received the most dollars, and honestly it is infuriating as to how the executives are handling this situation. So, what’s next? Who is next and where will it end?
Seriously, at what point do you stop rescuing companies and greedy CEO’s and executives that really care nothing about the average person?
Speak up and out, and let me hear your thoughts. We should all be outraged! Write your Congress person and make your thoughts known to this Administration. It is time to use your voice and influence to get America back on track.
I am just saying….”Just let me vent!”