Sunday, March 15, 2009

The American International Group, which has received more than $170 billion in taxpayer bailout money from the Treasury and Federal Reserve, plans to pay about $165 million in bonuses by Sunday to executives in the same business unit that brought the company to the brink of collapse last year.
When can we finally go ahead and nationalize these sinkhole institutions? When is enough enough?

UPDATE: Even more priceless: "An even bigger problem...was that financial products employees who are denied payments could quit and that AIG's losses...could spiral enormously if the only people who understand the company's convoluted dealings are not around to 'unwind' the damage they have caused." Don't you love it?! AIG has to pay the screw ups millions of dollars so they won't leave because supposedly they're the only ones who can undo the damage they've wrought... AGHHHH!!!!!

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