AIG uses bailout money to pay employees.

[KSig RC]

I mean . . . let's bottle our outrage a touch, because that's kind of what the money was for. It's our own damn fault.

[KSigkid]

Originally Posted by KSig RC

I mean . . . let's bottle our outrage a touch, because that's kind of what the money was for. It's our own damn fault.

This drives that home: http://news.yahoo.com/s/politico/200...politico/30833

Dodd is in real trouble in CT the next election cycle; this will only add to that potential issue.

[UGAalum94]

I think the Freddie and Fannie bonuses are even funnier, in a hysterical sign of total incompetence in governance kind of way.

http://finance.yahoo.com/news/Fannie...-14679491.html

[Thetagirl218]

I think the idea of bonuses being paid with taxpayer dollars is completely wrong! However, I am wary of the bills being proposed to simply "tax" individuals who get the bonuses so it all goes back to the government....If you don't hand them out in the first place you wouldn't have to worry about all this!!

[AKA_Monet]

I just have to ask for general knowledge, are folks angry because these executives took $100K in retention bonuses, or rather are we made because we ourselves did not get a $100K retention bonus for doing nothing?

I could write some crap and says it works for as much money these fools are paying out.

[UGAalum94]

Originally Posted by AKA_Monet

I just have to ask for general knowledge, are folks angry because these executives took $100K in retention bonuses, or rather are we made because we ourselves did not get a $100K retention bonus for doing nothing?

I could write some crap and says it works for as much money these fools are paying out.

I'm stunned that no one tried to safeguard against paying bonuses with tax dollars for pretty spectacular business failure.

One some level, I guess I can understand why: the idea that they needed to be paid retention bonuses never crossed my mind, so I wouldn't have thought to prohibit it.

Really AIG and Fannie and Freddie? You're worried that the people associated with catastrophic failure on the scale of bringing down the entire US economy are going to leave for better paying jobs elsewhere? I guess the US Treasury department IS hiring.

[texas*princess]

Originally Posted by UGAalum94

I'm stunned that no one tried to safeguard against paying bonuses with tax dollars for pretty spectacular business failure.

One some level, I guess I can understand why: the idea that they needed to be paid retention bonuses never crossed my mind, so I wouldn't have thought to prohibit it.

yea I totally agree. It seems like the gov't just sent them a check and said 'here you go! try not to screw up too much anymore and pay us back when you can!"


Idiots.

[AKA_Monet]

Originally Posted by UGAalum94

I'm stunned that no one tried to safeguard against paying bonuses with tax dollars for pretty spectacular business failure.

One some level, I guess I can understand why: the idea that they needed to be paid retention bonuses never crossed my mind, so I wouldn't have thought to prohibit it.

Really AIG and Fannie and Freddie? You're worried that the people associated with catastrophic failure on the scale of bringing down the entire US economy are going to leave for better paying jobs elsewhere? I guess the US Treasury department IS hiring.

I understand what you are saying, but I come from the school of thought that running the government does not equate exactly with running a business. We are coming out of that thought pattern that has gone on for so long.

I do agree with Larson out of California is the time is winding down for Geithner... He's had one too many "issues" that should not be all clusterf*cked as they appear to be...

[madmax]

Originally Posted by UGAalum94

I'm stunned that no one tried to safeguard against paying bonuses with tax dollars for pretty spectacular business failure.
.

You mean Obama?