Complicity in AIG fiasco

Discussion in 'Economy' started by DamnYankee, May 13, 2009.

  1. DamnYankee
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    DamnYankee No Neg Policy

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    Officials Knew of AIG Bonuses Months Before Firestorm
    By David Cho and Brady Dennis
    Washington Post Staff Writers
    Wednesday, May 13, 2009

    As American International Group chief executive Edward M. Liddy returns to Washington to face Congress today, new details are emerging about how long federal officials were aware of the company's recent bonus payments to its executives and of how inflammatory the payments could be.

    washingtonpost.com


    Almost looks as if only those who should have known about it didn't, including us.
     
  2. RetiredGySgt
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    RetiredGySgt Platinum Member

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    Well this is a non issue. The Company made LEGALLY binding contracts that have to be honored. Which the Government full well knew. Hell they worked to ensure Congress understood the legality of the contracts and did not cause legal problems by refusing to pay them in the bail outs.

    The attempt to demonize AIG was nothing short of a tactic by the Current administration to divert attention from the fact BILLIONS were going to Overseas banks. And it worked but it also back fired as now everyone knows the Government knew all along.

    Now we just need the Press to be honest and point out the BILLIONS that our Government knowingly agreed to pay foreign Banks.
     
  3. DamnYankee
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    DamnYankee No Neg Policy

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    Well, aside from that, the point was, why go along with those legally binding contracts knowing what they knew? Hmmm....
     
  4. Zoom-boing
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    Zoom-boing Gold Member

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    How Timothy Geithner's Bailout Plan Created the AIG Bonus Scandal | Corporate Accountability and WorkPlace | AlterNet
     

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