The theft of taxpayers’ dollars by the American International Group not only continues but is now actually getting worse–if that is possible? And, apparently, it is!
Even though $170 BILLION of our money has already gushed into A.I.G to keep it afloat, the New York Times tonight reports it plans on shelling out $100 MILLION in bonuses.
And, if that were not bad enough—the bulk of that money will go to reward people in the very “business unit that brought the company to the brink of collapse last year,” says the report.
Apparently, the new government appointed head of A.I.G …along with lawyers, convinced the Obama administration that this was money it was legally obligated to pay. No choice. No options. No sense!
The economy is in crisis mode and, as such, just about everything has to be on the table…even bonuses that might have been promised prior to the start of what some are now calling the “Great Recession.”
Sorry, but that is the way it ought to be.
Of course, the A.I.G chairman, Edward M. Liddy, spit up the feeble excuse we have now heard over and over again: “We cannot attract and retain the best and the brightest talent ,and staff the A.I.G. businesses–which are now being operated principally on behalf of American taxpayers–if employees believe their compensation is subject to continued arbitrary adjustment by the U.S. Treasury.”
Exactly whom is he referring to when he says they need to attract and retain the brightest talent? The same people who bungled things so badly at A.I.G. in the first place? These people should be shoved out the door, not handed a fat, green-back stuffed envelope.
The great theft continues. When will it stop? When will we put a stop to it?
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