There be lots of PISSED OFF people!

by omgwtf 15. March 2009 17:12

 

 

Oh yeah, people are definitely pissed off about this one!

AIG has received more than $170 BILLION in federal aid in regards to all the bailouts. 

And what are they doing? Paying out about $160 MILLION in bonuses to their executives. AIG says these bonuses are in the executives' contracts and they therefore must pay them. By Sunday. 

Austan Boolsbee, staff director of Obama's Economic Recovery Advisory Board said "I don't know why they would follow a policy that's really not sensible, is obviously going to ignite the ire of millions of people, and we've done exactly what we can to prevent this kind of this from happening again."

Yeah. This is BULL SHIT in my opinion. Granted, I completely understand that AIG has to pay their execs' bonuses if they are contractually obligated to do so, but I also believe that terms of the bailout money from the federal government should have included getting rid of those contractual clauses entitling the execs to said bonuses. This is crap and it's the fault of everyone involved. So yay for all the bailout money. Yay for executives getting their huge bonuses. Yay for continuing to exponentially increase the national debt so these already rich assholes can make even more. Thanks. 

Tags:

News | Super Sucks

Comments

Add comment


 

biuquote
  • Comment
  • Preview
Loading



Disclaimer
The opinions expressed herein are my own personal opinions and do not represent my employer's view in anyway.

© Copyright 2010 omgwtfgossip.com