So AIG announces that they will have to pay hundreds of millions of dollars in bonuses because contractually they are obligated to, and -naturally- politicians go ape shit over it.

You know what? Good on AIG. And thanks for nothing Washington.

I know that sounds weird coming from me, given that I've been calling for a major overhaul in the American financial system, and more accountability to American taxpayers, but in this case I side with AIG.

The US government had a chance to nationalize AIG and chose not to. It could have let AIG file for chapter 11 and chose not to. Either one of these options would have allowed AIG to break the contracts that were currently in place with their management team and not require them to pay bonuses.

The US gov has shown itself to be completely incompetent as to their understanding of and their management of this situation. They actually thought that by bailing out AIG, that they had some legal authority to tell AIG what to do. Guess what losers. You don't. Thanks for coming out.

AIG is LEGALLY obligated to pay those bonuses. LEGALLY. If they don't, they can and WILL get sued. How much is that going to cost to resolve?

To the monkey's in Congress and the Senate, please understand: there are no half measures in this. If you want control over how a company spends it's money you have to BE in control of the company. If a company is 'too big to fail' then guess what? You probably aren't going to be in a good position to negotiate, because if you don't meet their demands they will just let the system collapse and still walk away millionaires.

I'm sick of hearing this constant complaint about bonuses. If you hate them so much, take all these companies over an be done with it. If you are too scared to do so, then shut up and stop putting on a show of crocodile tears for taxpayers. You knew EXACTLY what AIG was going to do with this money, and if you DIDN'T, then you are too incompetent to be doing your job.


MoonBat