Quote:
Originally Posted by sailaway21
Bonus, schmo-nus.
Keep focusing on the pennies and the flashing lights, while you're missing the elephant in the room. The AIG bailout was a massive transfer of funds to Goldman-Sachs and foreign banks. About $27 billion worth.
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I agree, this was a twofer. Cash goes to AIG, but ends up bailing out banks. Ingenious, really.
I really hate the idea of a company surviving only by the grace of our tax dollars paying that kind of money out as retention bonuses. Retention? OK, where else can these guys get a job , in this market?
The real casualty here is Chris Dodd. He wants the mantle as King of Finances, he gets the heat when things go wrong. His numbers are plunging in Connecticut and he's two years from relection.
If Dodd initiated this, that's one thing. I blame all of Congress for not reading these damn bills before voting on them. Congress is there for one reason, to do the American Public's business, and we are not being well served.