Ishmael
Literotica Guru
- Joined
- Nov 24, 2001
- Posts
- 84,005
What a stink? AIG is/was paying out $165 million in bonuses and you'd of thought they were eating babies if you listened to the polilticos.
I can't help but think that all the rukus is a smoke screen to dilute the news that AIG paid out over $93 Billion to foriegn banks and Goldman-Sachs.
Andrew "The Enforcer" Coumo has given the firm until sundown to cough up the names of the recipients of these bonus payments, and the ammounts, and the names of the executives that signed the contracts and when. I can't think of any law under which he can make such a demand. I can only presume that he is interested in the ammounts so the state can use the yet to be paid taxes for their spending programs.
Meanwhile, Obama blows off about how this is such a travesty while at the same time praising the CEO of AIG in a conference on the same day. What's with this fucking clown anyway?
No one knows the details of the AIG bonuses so this is all a knee jerk reaction. I wonder if it ever occured to the clowns in DC and Albany that there may be divisions within AIG that performed admirably. Or that perhaps some of those bonuses were being paid to 'stop loss' specialists? Nah, that never crossed their minds before they engaged their mouths.
I wonder if it occured to them that should they do anything other than just blow off their mouths that they could be setting AIG up for HUGE class actions suits with treble damages on the table? Nah, that never crossed their minds either. You can bet your sweet ass there are legal firms out there gaming how to sign up the victims should AIG be forced to violate the terms of those contracts. How much will those litigations cost the taxpayer to keep the company that's "to big to fail" afloat? And just how willing do you think those legal eagles will be to settle out of court knowing the US Treasury is picking up the tab? Apparently your elected officials don't give a shit. It's the 'principle' of the thing and in the long run what do they care, it's your money.
And everyone forgets who the CEO of AIG was that was at the helm when the collapse came, or how he came to be there. That's a story unto itself.
Ishmael
I can't help but think that all the rukus is a smoke screen to dilute the news that AIG paid out over $93 Billion to foriegn banks and Goldman-Sachs.
Andrew "The Enforcer" Coumo has given the firm until sundown to cough up the names of the recipients of these bonus payments, and the ammounts, and the names of the executives that signed the contracts and when. I can't think of any law under which he can make such a demand. I can only presume that he is interested in the ammounts so the state can use the yet to be paid taxes for their spending programs.
Meanwhile, Obama blows off about how this is such a travesty while at the same time praising the CEO of AIG in a conference on the same day. What's with this fucking clown anyway?
No one knows the details of the AIG bonuses so this is all a knee jerk reaction. I wonder if it ever occured to the clowns in DC and Albany that there may be divisions within AIG that performed admirably. Or that perhaps some of those bonuses were being paid to 'stop loss' specialists? Nah, that never crossed their minds before they engaged their mouths.
I wonder if it occured to them that should they do anything other than just blow off their mouths that they could be setting AIG up for HUGE class actions suits with treble damages on the table? Nah, that never crossed their minds either. You can bet your sweet ass there are legal firms out there gaming how to sign up the victims should AIG be forced to violate the terms of those contracts. How much will those litigations cost the taxpayer to keep the company that's "to big to fail" afloat? And just how willing do you think those legal eagles will be to settle out of court knowing the US Treasury is picking up the tab? Apparently your elected officials don't give a shit. It's the 'principle' of the thing and in the long run what do they care, it's your money.
And everyone forgets who the CEO of AIG was that was at the helm when the collapse came, or how he came to be there. That's a story unto itself.
Ishmael