Obama Furious

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EdT

EdT

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AIG was one of the banks to got the largest share of $170 billion from the $800 billion stimulus package and guess what ?

They gave out $17 Billion in bonuses last week, investors were getting anywhere from $1000- $165 million each ! ...LoL

[ame=http://www.youtube.com/watch?v=yDGN0Hk301Y]YouTube - President Obama's Comments on AIG Bonuses[/ame]

[ame="http://www.youtube.com/watch?v=YQQrL8TS5EA"]YouTube - Rep. Darrell Issa Blasts AIG/Bush/Obama "Bonehead" Bailout Bonus Bonanza[/ame]
 
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b-sIdEmX6 said:
Obama deserve to be Earth president
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Obama is an idiot for giving these money hungry **** tards the money in the first place.

The nature of business is that firms that make poor decisions fail. As much as i believe that large banks need to remain operational in order for the economy to be able to pick up pace and for credit to be available, those that cannot manage themselves properly should simply be left to rot and go bankrupt. There should have also been more oversight in this whole ordeal of giving out free cash.

Same goes for GM and other companies who believed they were untouchable. I hope all these assholes burn in hell.

It doesn't take a genious to have been able to see this coming!
 
dubsta said:
this is all a distraction for other BS with AIG
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What they are not saying is that a lot of these bonuses were going to other banks and investment houses that also got bailout money. Passing bailout money on top of bailout money within these greedy corrupted institutions, sounds familiar ? ...LoL
 
obama's just posturing. these bonuses are just a fraction of wasted taxpayer money. the rich get richer, the poor and the middle class get poorer.
 
A failed attempt at class warfare by the media. Contracts are contracts and according to the beloved constitution the government has no business in opening or cancelling contracts.

These are retention bonuses, not performance bonuses. Letting go of your top executives in an already dire situation is asking for a disaster. 165 million, right, they got 170 billion. Move on.
 
What does an AIG executive look like???

gerry-pasciucco-blog.jpg


That's Gerry Pasciucco if you want to google him...
 
DivImport said:
These are retention bonuses, not performance bonuses. Letting go of your top executives in an already dire situation is asking for a disaster. 165 million, right, they got 170 billion. Move on.
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yes to the second part of your argument. but no to the first. i understand most of these bonus recipients no longer work for AIG.


"Here’s the problem with all the hoopla over the $135 million in AIG bonuses: This sum is only less than 0.1% – one thousandth – of the $183 BILLION that the U.S. Treasury gave to AIG as a "pass-through" to its counterparties."

"Regarding qui bono, what does Sen. Schumer, Rep. Frank, Pres. Obama and other Wall Street sponsors gain from this public outcry? For starters, it depicts them as hard taskmasters of the banking and financial sector, not its lobbyists carrying water for one giveaway after another. So the AIG kafuffle has muddied the water about where their political loyalties really lie. It enables them to strike a misleading pose – and hence to pose as "honest brokers" next time they dishonestly give away the next few trillion dollars to their major sponsors and campaign contributors."
-The Real AIG Conspiracy
 
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Do you think you will make $165 million in your life time ?

Americans have a right to be angry, problem is that they are too complacent !

The average hard working individual make less than $50,000 a year and these f**ks are making that in an hour !

These are the same individuals where money has no bearing and they live in a virtual world !, the only person that I can think that should make anywhere close to that amount is King Midas, but it will still take him a day to get that amount touching everything along his way !
 
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