Not just no, but HELL NO! AIG Bonuses with tax dollars

Excuse me, I’d have a hard time explaining my paycheck, never mind a bonus for running a company into the ground and taking the global economy with it.

Apparently, the people at AIG don’t realize they should be getting shot and then burned at the stake. Instead they are claiming they requite bonuses to keep them there, doing such a great job at losing money at record rates.

Despite being bailed out with more than $170 billion from the Treasury and Federal Reserve, the American International Group is preparing to pay about $100 million in bonuses to executives in the same business unit that brought the company to the brink of collapse last year.

via A.I.G. to Pay $100 Million in Bonuses After Huge Bailout – NYTimes.com.

I’m sorry, duty, honor, country.  I think it’s time to send these “executives” to the front lines in Afghanistan with bows and arrows, and let’s see their “superior intellect” get them out alive.

When Lee Iaccoca took over a bailed-out Chrysler, he did it for a buck a year.  Our country is at war, our economy is on the brink, hard working people are losing their jobs and their homes, and these cretins want to pay themselves bonuses with tax dollars to right a ship they sunk intentionally for their own edification?

Firing squad.  Now.  Please.

If you enjoyed this post, make sure you subscribe to my RSS feed! If you wish to support this blog and independent journalism in Dayton, consider donating. All of the effort that goes into writing posts and creating videos comes directly out of my pocket, so any amount helps!