Saturday, March 14, 2009


From the NYT:

AIG to Pay $1 Million in Bonuses After Huge Bailout
WASHINGTON — 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.
I'm trying to think of something to say but all I can do is sputter with rage. Contractual obligations? For the people who got us into this mess? REALLY?



Joy said...

THIS is insanity.

Joan said...

I hate even reading about this it makes me so mad. Union contracts!