Tuesday, March 17, 2009

AIG et al ,When will we learn.....

So AIG wants to pay no sorry did pay $165million dollars of our "bailout" money to employees of their (our) financial division. Yes, we own quite a bit of that company but are being told, contracts in place before they "failed" and had to be bailed out by our money ! NOT !!! You want to first tell me by these savvy businessmen who ran AIG into the ground while they made millions,would write an employee contract for monetary bonuses Not based on merit ??!!

I mean if that is the decision making they tout then it is time for them to go , that's right fire the top that is where the problem is and so where they are stealing our hard earned tax dollars. Get rid of them, let them go spend what they have already taken but not a red cent more !

Oh ,the favorite argument is that they will just go to work for our competitors, well let 'em, if they use their same brains and sorry decision they used to sink AIG ,it should help us come out way ahead.

Tell me why the Bush administration didn't make all prearranged contracts null and void as a condition of giving them the bail-out money.

You know of course that a whole lot of that bail out money went to "foreign " banks, who AIG where in up to their ears too. Yes, many of our home town banks and other major business entities where the recipients of that bailout money to them too. Something had to be done for them but why not get control of the things they were doing which were so wrong ?! No Bush and his cronies like Paulson didn't do anything about these issues just handed over the money with no strings attached.

We can still stop them from losing what we have invested so far and what they will want in the future. How ? By emailing every senator,congressman and AIG board member to say ,fire the top. Take the firings deep all the way to the second tier , that would be anyone making more than 1 million in salary.

Give them an option ,no salary for two years or resign, after that tie salary to performance ,if they don't agree then, fire them. They are millionaires after all so it isn't as it they will starve anytime soon.

I still hope they (the attorney general ) will be able to prove they don't have to honor those sorry contracts but if they do , then tax them at whatever rate it will take to get it all back. No it isn't harsh; I'm just tired of all the "fat cats "getting fatter ,while we worry about making ends meet. This time let's make 'em pay ,then they will learn.

What do you think about AIG's callous disregard for their rescuers ,us ?

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