Obama is dead wrong, he should be blaming himself, not the executives at AIG. This is the problem with government involved in private business, they should have made them file bankruptcy, I hope these executives spend the money stimulating the economy. Another stupid move by your Demorat government.
AIG
- Thread starter hedgehog
- Start date
73 of the AIG bastids got their bonus and left the company
talk about some rat coward bastids.
we should line the mofos up and take some shots at them. Let them run for cover
holy christ the crooked theifs
talk about some rat coward bastids.
we should line the mofos up and take some shots at them. Let them run for cover
holy christ the crooked theifs
Is your point that Obama should be blaming himself for AIG taking taxpayer money from the previous administrations bailout plan and giving it to executives in the company when the original bailout plan had no safeguards to prevent this?
Tough to understand the ridicule these days without a playbook...
my problem is that the government is bailing out private business, Obama is the only one to blame on this one. Why are there not rules forbiding them from using the money to give bonuses? What about the 1 trillion Obama is throwing away calling it a stimulus? This is just a drop in the bucket, let these businesses fail, this is just another reason to hate the Demorats. Of course we would not be in any financial trouble if they/demorats would not have thought everyone can own a house, AIG would be flying high with no problems. I hope the executives spend their money wisely.
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I hope they end up in prison
guess thats the differance between neo cons
and Centrists
just sayin
WRONG
WRONG
YOU'ER SHOWING THE WRONG END OF THE HORSE IF YOUR ATTEMPT WAS TO SHOW ANY RESEMBLANCE TO HEDGEHOG.
THERE'S ONE FACT IN ALL OF THIS AND IT IS THAT YOU WILL DO WHAT YOU'ER TOLD AND LIKE IT!!!!
YOU WILL PAY TAXES, AND PAY MORE TAXES, AND PAY MORE TAXES. LOL !!!!!
WHAT MAKES HEDGE A HORSES AZZ WITH BLINDERS IS THAT HE TAKES A SIDE AND SPOUTS OFF, CALLING THE OTHER SIDE NAMES, SOMEDAY HE'LL GET THE MESSAGE, BOTH SIDES OF OUR GOVERNMENT IS OF NO HELP TO HIM OR ANY CITIZEN IN THE OLD USA.
WORK HARD HEDGE, SO YOU CAN PAY MORE TAXES, AND BITCH,BITCH, AND BITCH SOME MORE.
WRONG
YOU'ER SHOWING THE WRONG END OF THE HORSE IF YOUR ATTEMPT WAS TO SHOW ANY RESEMBLANCE TO HEDGEHOG.
THERE'S ONE FACT IN ALL OF THIS AND IT IS THAT YOU WILL DO WHAT YOU'ER TOLD AND LIKE IT!!!!
YOU WILL PAY TAXES, AND PAY MORE TAXES, AND PAY MORE TAXES. LOL !!!!!
WHAT MAKES HEDGE A HORSES AZZ WITH BLINDERS IS THAT HE TAKES A SIDE AND SPOUTS OFF, CALLING THE OTHER SIDE NAMES, SOMEDAY HE'LL GET THE MESSAGE, BOTH SIDES OF OUR GOVERNMENT IS OF NO HELP TO HIM OR ANY CITIZEN IN THE OLD USA.
WORK HARD HEDGE, SO YOU CAN PAY MORE TAXES, AND BITCH,BITCH, AND BITCH SOME MORE.
SCOTT
SCOTT
THEY WILL NOT TURN ON ONE OF THEIR OWN, "YE WITH OUT SIN MAY CAST THE FIRST STONE"....I'M NOT SAYING THIS TO SUGGEST THAT ONE SHOULD TAKE IT AS GOSSPEL....IT JUST MAKES GOOD SENSE.
GREED AND CORRUPTION ARE THE TWO MAIN INGREDIENTS . IF THEY ARE ALL GUILTY HOW DO YOU GO ABOUT BRINGING ANYONE TO JUSTICE.
SCOTT
THEY WILL NOT TURN ON ONE OF THEIR OWN, "YE WITH OUT SIN MAY CAST THE FIRST STONE"....I'M NOT SAYING THIS TO SUGGEST THAT ONE SHOULD TAKE IT AS GOSSPEL....IT JUST MAKES GOOD SENSE.
GREED AND CORRUPTION ARE THE TWO MAIN INGREDIENTS . IF THEY ARE ALL GUILTY HOW DO YOU GO ABOUT BRINGING ANYONE TO JUSTICE.
- Feb 26, 2001
- 13,593
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Geithner: AIG must pay back bonus money Story Highlights
NEW: AIG will have to return bonuses given to executives, Treasury secretary says
AIG paid 73 people bonuses of $1 million or more each, New York AG reports
New plan proposes retention bonuses would be subject to a 35 percent excise tax
(CNN) -- Insurance giant AIG will have to return to the Treasury Department the $165 million it just paid out in executive bonuses, Treasury Secretary Timothy Geithner said Tuesday in a letter to congressional leaders.
Treasury Secretary Timothy Geithner said AIG will have to return $165 million in bonuses for executives.
1 of 2 "We will impose on AIG a contractual commitment to pay the treasury from the operations of the company the amount of the retention awards just paid," Geithner wrote. "In addition, we will deduct from the $30 billion in assistance an amount equal to the amount of those payments."
That would be a double payment, essentially a $165 million penalty on AIG for issuing the bonuses.
The move comes after New York Attorney General Andrew Cuomo confirmed in a letter to Congress that this year, after receiving federal bailout money, AIG paid 73 employees bonuses of more than $1 million each. Watch congressional reaction to AIG bonuses ?
Cuomo also wrote that 11 of the employees no longer work for the company. The largest bonus paid was $6.4 million; seven other people also received more than $4 million each.
AIG is under fire for awarding the bonuses while being kept afloat by more than $170 billion from the U.S. government's financial bailout.
On Tuesday, two key senators also announced a plan to impose a hefty tax on retention bonuses paid to executives of companies that received federal bailout money or in which the United States has an equity interest.
They said companies would not be allowed to restructure the payments to those executives through deferred compensation to avoid the tax.
Grassley and Baucus said all retention bonuses would be subject to a 35 percent excise tax for excessive compensation to be paid by the company and an additional 35 percent tax to be paid by the individual.
"Millions of Americans are losing their jobs -- millions. And to some degree, they're losing their jobs because of actions taken by some of these firms," Baucus said. "At the same time, they're giving themselves bonuses. I mean, give me a break. What are these people thinking? That's part of the problem. They're not thinking."
All other nonretention bonuses of more than $50,000 would be subject to the same tax, the senators said.
"We're trying to address what I think taxpayers would say is salt in their wounds," Grassley said. "The taxpayers are bearing a great deal to get this economy going, help get these corporations turned around, and I think taxpayers are willing to help.
"But when they see the lack of sensitivity on the part of corporate directors -- by giving these bonuses and doing other outrageous things -- there's just so much that the taxpayers of this country are going to stand for."
The provisions would apply to bonuses paid out after January 1, 2009, so it would affect the AIG bonuses in question.
....................................................
GIVE THE BONUS"S BACK YOU THIEFS !
GO OBAMA !
CHANGE WE CAN BELIEVE IN !
PS - if this bonus shit had happened under Cheney , they not only would have swept it under the rug , but put some in their pockets.
NEW: AIG will have to return bonuses given to executives, Treasury secretary says
AIG paid 73 people bonuses of $1 million or more each, New York AG reports
New plan proposes retention bonuses would be subject to a 35 percent excise tax
(CNN) -- Insurance giant AIG will have to return to the Treasury Department the $165 million it just paid out in executive bonuses, Treasury Secretary Timothy Geithner said Tuesday in a letter to congressional leaders.
Treasury Secretary Timothy Geithner said AIG will have to return $165 million in bonuses for executives.
1 of 2 "We will impose on AIG a contractual commitment to pay the treasury from the operations of the company the amount of the retention awards just paid," Geithner wrote. "In addition, we will deduct from the $30 billion in assistance an amount equal to the amount of those payments."
That would be a double payment, essentially a $165 million penalty on AIG for issuing the bonuses.
The move comes after New York Attorney General Andrew Cuomo confirmed in a letter to Congress that this year, after receiving federal bailout money, AIG paid 73 employees bonuses of more than $1 million each. Watch congressional reaction to AIG bonuses ?
Cuomo also wrote that 11 of the employees no longer work for the company. The largest bonus paid was $6.4 million; seven other people also received more than $4 million each.
AIG is under fire for awarding the bonuses while being kept afloat by more than $170 billion from the U.S. government's financial bailout.
On Tuesday, two key senators also announced a plan to impose a hefty tax on retention bonuses paid to executives of companies that received federal bailout money or in which the United States has an equity interest.
They said companies would not be allowed to restructure the payments to those executives through deferred compensation to avoid the tax.
Grassley and Baucus said all retention bonuses would be subject to a 35 percent excise tax for excessive compensation to be paid by the company and an additional 35 percent tax to be paid by the individual.
"Millions of Americans are losing their jobs -- millions. And to some degree, they're losing their jobs because of actions taken by some of these firms," Baucus said. "At the same time, they're giving themselves bonuses. I mean, give me a break. What are these people thinking? That's part of the problem. They're not thinking."
All other nonretention bonuses of more than $50,000 would be subject to the same tax, the senators said.
"We're trying to address what I think taxpayers would say is salt in their wounds," Grassley said. "The taxpayers are bearing a great deal to get this economy going, help get these corporations turned around, and I think taxpayers are willing to help.
"But when they see the lack of sensitivity on the part of corporate directors -- by giving these bonuses and doing other outrageous things -- there's just so much that the taxpayers of this country are going to stand for."
The provisions would apply to bonuses paid out after January 1, 2009, so it would affect the AIG bonuses in question.
....................................................
GIVE THE BONUS"S BACK YOU THIEFS !
GO OBAMA !
CHANGE WE CAN BELIEVE IN !
PS - if this bonus shit had happened under Cheney , they not only would have swept it under the rug , but put some in their pockets.
listen here liberals, I always take the other side of this guy you all call President, he is not my President, I hate socialism marxism communism, this is just another way he is going to try to take away freedom and for you to be more reliant on the government, no more bailouts. ever, let them fail
How did you feel when Bush started these giveaways? Yes I know Obama voted for them. Don't forget McCain stopped his campaign because it was so important he get Washington to vote for them. How do you see this as a liberal issue? They all dropped the ball on this one.
The most amusing part of this is watching O and Dodds leading the outrage--maybe they should lead by example and give their AIG bonuses back instead of wiping tears with one hand and stuffing pockets with the other 
Senator Barack Obama received a $101,332 bonus from American International Group in the form of political contributions according to Opensecrets.org. The two biggest Congressional recipients of bonuses from the A.I.G. are - Senators Chris Dodd and Senator Barack Obama.
:0corn
Senator Barack Obama received a $101,332 bonus from American International Group in the form of political contributions according to Opensecrets.org. The two biggest Congressional recipients of bonuses from the A.I.G. are - Senators Chris Dodd and Senator Barack Obama.
:0corn
Scott, do you believe these AIG folks should receive these bonuses? The very unit that fucked everything up received these bonuses. You do realize that. You do realize you are rewarding bad behavior and performance. Thats not a conservative principle in my view. Don't let your dislike for a certain party skewer whats really going on. Until you get your head out of the sand no one will take your thoughts seriously.
