Tuesday, December 02, 2008
Chiselers at Bailed out AIG Will Give Bonuses under Another Name
After promising Congress that they would not give bonuses in exchange for bailout subsidies, AIG changed the term to "cash awards" and they will give the bonuses to their managers anyway. One chief will get a $3 million bonus. We're too busy getting screwed on Main Street by these bailout bandits to feel any relief coming any time soon.
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This is sick. Why in the world are we helping these companies that keep sending millions to people who do not know how to run a company? Furthermore, I fear this is just the tip of the iceberg--there are so many ways these funds are hurting 'average Joes' but benefiting those in high places. Look what Enterprise rent-a-car did to get bailout funds:
ReplyDeletehttp://www.butasforme.com/2009/02/25/alert-enterprise-rent-a-car-may-have-fired-employees-as-fake-evidence-when-lobbing-for-bailout-money/