AIG plans to pay about $100 million in bonuses Wednesday
From the Wash Post: AIG Bonuses
The idea is that the employees had contractual bonuses due to them. However, if I enter a business contract and the counterparty fails to honor payments under the contract, I have to stand in line with other creditors at the bankruptcy court. Why are these AIG employees being paid with Taxpayer money? You all can thank Bush, Paulson, Obama and Geithner for this.
One has to wonder how long it will be before public anger boils over into civil unrest.
Tuesday, February 2, 2010
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