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Monday, July 28, 2014

AIG scandal, what are your thought on the bonuses!

Posted Wednesday, March 18, 2009, at 9:41 AM

(Photo)
AIG got bailed out, at our expense to help the ailing company. But wait, they are giving bonuses to the top executives.

Say What? Our tax money going to bonuses? For already overpaid people, while we struggle to get gas money and meet our ever increasing bills?

What are your thoughts? Mine go to paper targets shaped like people and a 357 to ease my tension.

http://business.timesonline.co.uk/tol/bu...


Comments
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Walk softly and carry an appropriate size firearm!

-- Posted by big daddy rabbit on Sun, Mar 29, 2009, at 5:43 PM

I will make no comment this time about our present government, (we reap what we sew) because if I did I would probably be banned from commenting at best, and at worst would be thrown in jail by the brown shirts.

-- Posted by cherokee2 on Thu, Mar 19, 2009, at 7:14 PM

The real outrage should be towards our government. All the current administration has succeded in doing as of yet is paying back the corporations and people who put them in office. I mean how is this newsworthy, people had to have seen this coming. I am actually surprised that it was such a small amount.

Also, as far as them not paying taxes, that seems to be a recurrent trend with individuals close to the administration also.

-- Posted by greasemonkey on Thu, Mar 19, 2009, at 3:21 PM

When will the fraud of these companies end???

I am now hearing that 23 of the companies that received the largest of the Bailout Tarp Fund owe millions of dollars in unpaid taxes. So this means we are not only giving them our tax money but they are not paying their fair share of taxes either. Some of these taxes go back as far as 2004.

Why have they been allowed to skip their taxes for this many years? If you owed back taxes in the millions of dollars you would be in jail today and had all your property seized by now!!!

Banks and other firms receiving federal money were required to sign contracts stating they had no unpaid taxes, Lewis said. But he said the Treasury Department did not ask them to turn over their tax records.No one from the Treasury Department appeared at Thursday's hearing. Lewis said he asked Treasury officials for a private briefing on their efforts to uncover unpaid taxes, as well as someone to testify at Thursday's hearing.

"They said no one was available," Lewis said in an interview

-- Posted by Dianatn on Thu, Mar 19, 2009, at 1:08 PM

These people will all reap what they sow. The Lord says in Psm 91 that we (Christians) will only OBSERVE WITH OUR EYES the reward of the wicked. I think that time is drawing near.

-- Posted by honda14 on Thu, Mar 19, 2009, at 9:55 AM

AIG does stand for Ai'nt I greedy! Indeed!

-- Posted by 4fabfelines on Thu, Mar 19, 2009, at 8:38 AM

Does AIG stand for Ain't I Greedy? :>)

-- Posted by Dianatn on Wed, Mar 18, 2009, at 11:20 PM

Like in the old days you should just take the crooks out and hang them all. For the public to see and learn that we must not be gready and steal like all the others have been doing for year. It will never stop unless some drastic measures are taken. Just a slap on the hand will not do the trick. America needs to inforce the laws Do the crime you pay. The news report only said that there next stimilius amount would be cut a little. Great punishiment. No one has come alone and bailed me out yet. Unemployed for five months now and going deeper in debt each day. With little hope of finding a job....

-- Posted by RGeneW on Wed, Mar 18, 2009, at 10:29 PM

OMG . . you guys are destroying my perfect little world where all politicians are flawless and always do the right thing! YEAH RIGHT!

Americans are beginning to see how inept the current administration is and no matter what face you put in the president's seat, its business as usual with the government and Obama is just as much to blame. I mean really, why would you push for a stimulus package that noone had time to read? I just hope Americans will start thinking for themself and start doing something about it and not be misled by another charismatic but false leader.

I dont have much hope though . . .

-- Posted by jaxspike on Wed, Mar 18, 2009, at 9:23 PM

Naw Never ...they would never lie to us (sarcasm)

-- Posted by Dianatn on Wed, Mar 18, 2009, at 8:42 PM

My question is: I know Dodd is a crook but do you think he is playing the scapegoat role with this? I mean, surely Somebody actually read the stimulus bill before it was signed.

But, but it was an emergency right?? That's what we were told....I mean the administration would never lie to us right....?

-- Posted by Tim Baker on Wed, Mar 18, 2009, at 8:02 PM

Breaking News: Dodd admits to writing a loophole for AIG exs bonuses.

Dodd just admitted on CNN that he inserted a loophole in the stimulus legislation that allowed million-dollar bonuses to insurance giant AIG to go forward -- after previously denying any involvement in writing the controversial provision. .

My question is: I know Dodd is a crook but do you think he is playing the scapegoat role with this? I mean, surely Somebody actually read the stimulus bill before it was signed.

-- Posted by Dianatn on Wed, Mar 18, 2009, at 7:18 PM

Hahahahaha

Now BofA has to disclose the bonuses that were paid out to Merrill Lynch ... Finally BofA is going to have to be held accountable for something!!

A New York state judge on Wednesday ordered Bank of America Corp. to disclose information about bonuses given to employees at Merrill Lynch & Co. just before the bank bought the brokerage company.

-- Posted by Dianatn on Wed, Mar 18, 2009, at 4:35 PM

Awesome . . . I am thinking of attending the Nashville one when I find out more information. I definitely think it's a great outlet to voice our concerns and opposition to the current policies of our government.

-- Posted by jaxspike on Wed, Mar 18, 2009, at 12:56 PM

The largest campaign recipients of AIG money have already been pointed out.

Chris Dodd put exceptions into the porkulus package that would exempt AIG bonuses from being taxed. They knew in advance that bonuses were already in the contract before the money was handed out.

Tim Geithner fought tooth and nail against "strings" being attached to the bailout money that would have overseen how the could have been used, such as giving out bonuses.

Research things people instead of swallowing what the media is trying to spoon feed you.

Obama said it himself:

"Change you can bereave in!"

-- Posted by quietmike on Wed, Mar 18, 2009, at 12:53 PM

I think what it speaks to the most is the abject incompetence of the current administration. This isn't the amateur hour anymore. These were contractual agreements put in place early in 2008 that the current administration took on as part of the TARP program (it should be pointed out the previous administration took these on too and would be in the same position). These are probably set up not on profit but on cash flow or income. Not saying it's right or wrong. But if Treasury or Congress tries to single these guys out for special taxes or fees they'll get hammered in court.

jax I plan on being at the Huntsville tea party. It's one of the few venues we still have available to be the "loyal opposition".

-- Posted by Tim Baker on Wed, Mar 18, 2009, at 12:34 PM

Just so everyone knows, the Nationwide Tax Day Tea Party will be on April the 15th and Nashville will be one of the many cities holding an event. This will be a great time for citizens to express their concern and how upset they are with the current policies in Washington and where advocates of the free-market system could join in a protest against out of control government spending.

I think this is a great idea and hope to find out more information as it become available.

-- Posted by jaxspike on Wed, Mar 18, 2009, at 11:59 AM

Our company has never been unprofitable, but we have had some tight years, like 2008, and we did not get bonuses. Getting a bonus for a losing year would not even be in the thought pattern.

If we did something illegal or dishonest, we would be terminated. No bonus, no golden parachute clause, no salary till the end of.... TERMINATED!

-- Posted by stevemills on Wed, Mar 18, 2009, at 11:18 AM

It makes me sick to think all these banks and big businesses are using our tax money and calling it profit. We gave Citigroup about 50 Billion in bailout money now they are reporting a profit of 8 Billion. How is any part of that profit? It looks like more of a loss of 42 Billion to me.

AIG has received about 170 Billion dollars in bailout money this means we the taxpayer own 80% of the company but isn't 80% of zero still zero? It looks to me like AIG, Citigroup and BofA are all lining their pockets waiting for the last shoe to drop..then who will be holding the bag?

Every business I have ever worked for gives bonuses based on profits, if you have no profit then there is no bonus. I would not have a problem in the world with any of these companies giving out large salaries or bonuses if they were actually doing it with profit instead of tax payer money.

-- Posted by Dianatn on Wed, Mar 18, 2009, at 11:00 AM

So, AIG has paid it's top execs with monies given, let me say again, GIVEN to them by our government, who, in turn, borrowed the money from countries that want to destroy our way of life, move in, take over our resources and force us into thier beliefs and practises.

Let's see, those are the same countries who are teaching their children that we are the devil and they must strap on bombs and blow us up; or from communist countries who see freedom as a threat and jail or kill anyone who protests it. Hmmmmm. . .

We have borrowed trillions of dollars from these countries who have our destruction, no, let me say it this way, OUR ANNHIALATON at the top of their things to do list.

Wonder how these greedy execs would fare under communism or Muslim law? They may get to see sooner than they think.

-- Posted by ridgeroamer on Wed, Mar 18, 2009, at 10:53 AM

15 Billion Plus is a lot of money for our Children and Grandchildren and Great Grandchildren to have to pay back. Vacations, R&R

Parties, BONUS?? for what. The Rich get RICHER, thats not what I remember about Democrats!

Something smells about this whole business.

What was the company that Bugs Bunny used? OOOOO

ACME. mmmmm awww

-- Posted by herewegoagain;-) on Wed, Mar 18, 2009, at 10:25 AM

Ask people like Senator Chris Dodd and President Obama why things like this occur . . . oh yeah, Senator Barack Obama received a $101,332 bonus from American International Group in the form of political contributions. The two biggest Congressional recipients of "bonuses" from the A.I.G. are - Senator Chris Dodd and President Barack Obama.

-- Posted by jaxspike on Wed, Mar 18, 2009, at 9:50 AM


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Lesa Cox
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Lesa Cox has owned a cleaning service and a bookstore; now, she repairs and maintains computers for the elderly and others on a fixed income. She enjoys animals, gardening, books and fixing old cars. She and her husband have one son, who suffers from Asperger's syndrome.