AIG Bonuses: Trick me once shame on you, trick me twice shame on me

Feel free to substitute the appropriate word for the word--trick--in the headline. Be creative.

You really have to ask yourself--are the nuts running the nut house?

How long before the taxpayers take to the mall in Washington, DC to show what we really think. We own the company. Isn't it time to replace the board and management?

I'll remind everyone. When we GAVE the first $85 billion to AIG it was with the understanding that it would be paid back within two years.

Trick me once shame on you, trick me twice shame on me.

Subscribe to All American Investor via Email

Robert Reich on AIG Bonuses

Had AIG gone into chapter 11 bankruptcy or been liquidated, as it would have without government aid, no bonuses would ever be paid (they would have had a lower priority under bankruptcy law that AIG's debts to other creditors); indeed, AIG's executives would have long ago been on the street. And any mention of the word "talent" in the same sentence as "AIG" or "credit default swaps" would be laughable if laughing weren't already so expensive.

Subscribe to All American Investor via Email

Read the entire article

The Real Scandal of AIG