Property Grunt

Tuesday, March 17, 2009


Rage at AIG Swells As Bonuses Go Out
Fed Decided Payouts Couldn't Be Stopped

By Brady Dennis and David Cho
Washington Post Staff Writers
Tuesday, March 17, 2009; A01

A tidal wave of public outrage over bonus payments swamped American International Group yesterday. Hired guards stood watch outside the suburban Connecticut offices of AIG Financial Products, the division whose exotic derivatives brought the insurance giant to the brink of collapse last year. Inside, death threats and angry letters flooded e-mail inboxes. Irate callers lit up the phone lines. Senior managers submitted their resignations. Some employees didn't show up at all.

Senator suggests AIG execs should kill themselves

Mar 17, 8:18 AM (ET)


IOWA CITY, Iowa (AP) - Iowa Sen. Charles Grassley suggested that AIG executives should take a Japanese approach toward accepting responsibility for the collapse of the insurance giant by resigning or killing themselves.

What did you expect? People to greet you with open arms? Hearty handshakes of congratulation for further ripping off the American people and being rewarded for f**king up the economy?

I told you this was going to happen.

As I stated before there is absolutely no justification for these bonuses. These douchebags claim they need these bonuses to keep their top talent which is bulls**t because the finance industry is imploding. And if their top talent leave, good, these idiots sucked in the first place.

As for this contract nonsense, bonuses are rewards for a job well done. Since their employees f**ked up, they do not deserve these bonuses.

I think what really pisses people off is that companies like AIG have a blatant sense of entitlement and refuse to humble themselves. Part of it is pride and the other part is that they do not want past wrongs held against them in the future.

If they don't cut this s**t out, Obama 's credibility is going to drop, which he can't allow in this environment, and the probability will increase there will be others who express their displeasure through very unpleasant means. I want to avoid that.