AIG

[TGRR]

Originally Posted by classicman

So, since these compensation packages are so common in this industry, when are all the other banks that got money gonna fess up?

Already happening.

I have a link, if you want it. It'll piss you off plenty.

[sugarpop]

Originally Posted by TGRR

Already happening.

I have a link, if you want it. It'll piss you off plenty.

yes, link please.

[TGRR]

Originally Posted by sugarpop

yes, link please.

Freddie Mac got bonuses, too!

Also, there's just some fun info there.

There's more. Yep, you guessed it. Fannie May is paying out, too.

[classicman]

Originally Posted by TGRR

I have a link, if you want it. It'll piss you off plenty.

Yes I want the link please.

To me the issue of these bonuses is NOTHING. Dodd lying is a much larger deal. Barney Frank and Chris Dodd were trusted to oversee this. Why aren't they being asked about what was going on under their watch? Why is no one putting them on the spot? They grilled Libby who came back out of retirement for $1 a year and lambasted him. Like it was his doing? I call BS.

The total amount of these bonuses is the equivalent of you asking to borrow $1000 from me. I lend you the money. I find out you buy a $1 candy bar and freak the fuck out. Its ridiculous.

[sugarpop]

Originally Posted by classicman

Yes I want the link please.

To me the issue of these bonuses is NOTHING. Dodd lying is a much larger deal. Barney Frank and Chris Dodd were trusted to oversee this. Why aren't they being asked about what was going on under their watch? Why is no one putting them on the spot? They grilled Libby who came back out of retirement for $1 a year and lambasted him. Like it was his doing? I call BS.

The total amount of these bonuses is the equivalent of you asking to borrow $1000 from me. I lend you the money. I find out you buy a $1 candy bar and freak the fuck out. Its ridiculous.

I agree. After watching the hearings, I think there is an easy way to solve this whole thing. Tell the people who were getting bonuses that they will still get them, after the money is paid back. Just defer them until then. Then we won't have this big mess. From what I heard, the people still there really are good employees, they did not cause the company to fail. Those people are gone. But, since they wouldn't have ANY paycheck if we hadn't bailed them out, they shouldn't be upset that we don't want to be the ones paying them. So, if they are deferred to a later date, then we won't be paying for them, and they will still get them. Just not until the company is standing on it's own, and the money they owe us is paid back.

* edit to add* classic, it isn't ridiculous to people who are lsoing their jobs, or who have had to forgo their bonuses, because we've had to bail out these companies. $170 million is still a LOT of money. And a huge chunk of that was for bonuses more than $1 million.

[TGRR]

Originally Posted by classicman

Yes I want the link please.

To me the issue of these bonuses is NOTHING. Dodd lying is a much larger deal. Barney Frank and Chris Dodd were trusted to oversee this. Why aren't they being asked about what was going on under their watch? Why is no one putting them on the spot? They grilled Libby who came back out of retirement for $1 a year and lambasted him. Like it was his doing? I call BS.

The total amount of these bonuses is the equivalent of you asking to borrow $1000 from me. I lend you the money. I find out you buy a $1 candy bar and freak the fuck out. Its ridiculous.

Dodd lying is very serious.

But save some tar and feathers for the bankers. We aren't talking about a dollar.