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AIG vs Government Bonus issue - Well researched last night

 
poisonfan2008
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03/18/2009 09:05 AM
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AIG vs Government Bonus issue - Well researched last night
Well this really peeked my interest so I had to look into this much further yesterday. I have come to the conclusion this is a great bit of deception by the Obama squad. Everyone is up in arms about these AIG bonuses. The first point is does everyone realize the bonuses were 1/10 of 1% of the entire bailout given to AIG. Why are we not up in arms over where the rest of the money has gone. The government all of a sudden got up in arms when the news came out the other day about much of the money going to foreign banks. This is all a smoke screen to detract attention from that.

Now onto the Bonus issue. How many people here realize these were retension bonuses not performance bonuses. and they were written into the original bailout contract and the government new about it. What is a retension bonus? AIG is in the process of merging/closing/firing many centers/employees/etc. These execs are out of a job in 6 months. They were given a bonus now to stay on and finish the process until completion rather than bail now to find another job. The government damn well knows this but are not letting the general public know it.

So now this brings me to the comment yesterday about "They better give it back or we'll tax all of it" Does this government even know the constitution or are they going to just ignore it again. It is called the bill of attainder. You cannot punish someone without trial/due justice (Which they cannot do because these bonuses were written into the bailout contract and were known about).

This government day after day infuses more and more anger in my in its blatant disregard for the constitution and its feeling that it can bully anyone into what they want. If they get away with this taxing 100% bonuses etc, it is only the start. Soon they will feel they have the right to limit/cap/tax anyones pay/bonus that they want.
poisonfan2008 (OP)

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03/18/2009 09:20 AM
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Re: AIG vs Government Bonus issue - Well researched last night
bump
Anonymous Coward
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03/18/2009 09:22 AM
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Re: AIG vs Government Bonus issue - Well researched last night
bump

:kaneclap:
Anonymous Coward
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03/18/2009 09:29 AM
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Re: AIG vs Government Bonus issue - Well researched last night
Well, then, "bonus" was a poor choice of words to describe the retention payment. And, retaining the very people that ran AIG into the ground, (in my opinion, a threat to national security ), is an even worse choice. In the real world, these people would have been fired. Not paid to be retained. Am I missing something here?
Anonymous Coward
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03/18/2009 09:31 AM
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Re: AIG vs Government Bonus issue - Well researched last night
Well, then, "bonus" was a poor choice of words to describe the retention payment. And, retaining the very people that ran AIG into the ground, (in my opinion, a threat to national security ), is an even worse choice. In the real world, these people would have been fired. Not paid to be retained. Am I missing something here?
 Quoting: Anonymous Coward 568981


Well, in another real world sense, these people would be quitting in droves, because they KNOW AIG is about to die.

The government probably doesn't want the signal that would send into the markets to happen yet.
poisonfan2008 (OP)

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03/18/2009 09:33 AM
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Re: AIG vs Government Bonus issue - Well researched last night
The government probably doesn't want the signal that would send into the markets to happen yet.
 Quoting: markusmaximus


Exactly. That is what it is about. An AIG failure would be detrimental to the markets.
Anonymous Coward
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03/18/2009 09:37 AM
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Re: AIG vs Government Bonus issue - Well researched last night
The government probably doesn't want the signal that would send into the markets to happen yet.


Exactly. That is what it is about. An AIG failure would be detrimental to the markets.
 Quoting: poisonfan2008

We've known this for months and months. They've been telling us this. Too big to fail. Too big to save. We've throwing money at then right and left. It's not working. Can't we all see this? Mass exodus of employees is an easy thing to spin in the instance.
I agree, this is a huge disaster.
Anonymous Coward
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03/18/2009 09:48 AM
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Re: AIG vs Government Bonus issue - Well researched last night
The thing is the JIG is up. THey need more bail out money and the company will fail. This will test the whole system. The only way that this will work is if the GOV. takes over and keeps throwing money at it without us knowing about it. You watch they will try and give this to the Federal Reserve to handle. So we can not audit their actions. They will just print money and keep paying the Ins.

Glenn Beck had this right. He explained it perfectly. France got 19 billion.. more went out of the country than stayed her. This is taking care of the whole world and is falling on our shoulders. Why did the French Citizens not back their banks. Why was it us.

Our taxes go up to protect the failure of an Ins. Company that was also international in scope... what the ^*(&( is going on.

They close businesses in the U.S. to export our Money. This is treason. Impeach every *&)(*^&*&^ one of them.
Anonymous Coward
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03/18/2009 10:07 AM
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Re: AIG vs Government Bonus issue - Well researched last night
You are correct - they (CONgress) knew about this line item since the beginning of the AIG bailouts.

Our (the citizens of this country getting screwed) anger and rage should be directed openly and freely towards CONgress for letting this happen.

Not that AIG is innocent, but that CONgress is guilty!

The only reason CONgress is "mad" is for the sole purpose of shifting the focus off their lack of mental capacity and to a convenient target. If CONgress is so upset with this, then why are the CONgress men and women that got campaign contributions from AIG not sending those back... they show false indignation...

And their use of "taxing" it back really scares the bejesus out of me, as this would set a precedent that no one wants... Let alone that I feel it would truly be unconstitutional...

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