AIG uses bailout money to pay employees.

[Kevin]

That really wouldn't have mattered though. The company still would have been on the hook for the money and I'm sure it has revenue apart from bailout money which could be used for the purpose of paying those contracts. Yes, it sucks and yes, I hope there's some way to get the responsible parties some sort of justice. It just looks unlikely right now.

Maybe the people will 'clean house' and vote out every single elected official who supported the bailout? That's what really needs to happen here.

We can all dream.

[UGAalum94]

Originally Posted by Kevin

That really wouldn't have mattered though. The company still would have been on the hook for the money and I'm sure it has revenue apart from bailout money which could be used for the purpose of paying those contracts. Yes, it sucks and yes, I hope there's some way to get the responsible parties some sort of justice. It just looks unlikely right now.

Maybe the people will 'clean house' and vote out every single elected official who supported the bailout? That's what really needs to happen here.

We can all dream.

I disagree about how absolutely you accept the company was on the hook for the money. Have you seen one of the contracts? I haven't, but I have a hard time imagining that the bonuses are completely divorced from every other corporate factor. Why would a company write a contract that way? We'll pay you the bonus, no matter what?

Doesn't that seem odd to you? What would be the benefit of having bonuses rather than a pay structure that simply contractual guaranteed the money as base salary? I understand that the bonuses may not have been individually performance based, but completely guaranteed just seems weird.

ETA: about cleaning house. I don't know if that would help, but cleaning up the leadership who should have known better, sure, absolutely. Didn't we somewhat recently have a house cleaning to install the most ethical congress ever? How is that working out?