ME's Political Rant: AIG Execs Who Ruined Company To Get $165 Million In Bonuses

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AIG Execs Who Ruined Company To Get $165 Million In Bonuses

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Fred Thompson: "She has run a municipality and she has run a state. And I think I can say without fear of contradiction she is the only nominee in the history of either party who knows how to properly field-dress a moose."

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Monday, March 16, 2009

AIG Execs Who Ruined Company To Get $165 Million In Bonuses

Retention pay" Are you freakin' kidding me? Who needs to retain these people?

The large bulk of the payments at issue cover AIG Financial Products, the unit of the company that sold credit default swaps, the risky contracts that caused massive losses for the insurer.

A white paper prepared by the company says that AIG is contractually obligated to pay a total of about $165 million of previously awarded 'retention pay' to employees in this unit by Sunday, March 15. The document says that another $55 million in retention pay has already been distributed to about 400 AIG Financial Products employees.

Right. Sure. As Christine Pelosi says, Let's see you in court. I wanna hear what you think you did to deserve this payment. I want to know who you are!
Read more at HuffPo.

Labels: AIG, Financial_Crisis

Monday, March 16, 2009

AIG Execs Who Ruined Company To Get $165 Million In Bonuses

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