AIG Bonuses: $33.6 Million for 52 People Who Have Left the Company
You just can't make this stuff up (note the 33).
And....a mystery mole fought to keep the bonuses in the stimulus bill--
And definitely-- Geithner needs to go.
And....a mystery mole fought to keep the bonuses in the stimulus bill--
Who in the Obama Administration pushed to weaken a key anti-bonus provision in the stimulus bill last month? Sen. Chris Dodd, who wrote the provision -- and ultimately agreed to defang it -- isn't saying.More outrage--
Goldman Sachs and a parade of major European banks, including Deutsche Bank , France's Societe Generale and the UK's Barclays , were major beneficiaries of more than $90 billion (64 billion pounds) of money paid out by AIG in the first three-and-a-half months after its bailout by the U.S. government last September.
The disclosure by AIG on Sunday is likely to trigger further criticism of why Goldman, with its many government links, and the European banks were funnelled such huge sums of U.S. taxpayer money after making bad bets on various securities, as well as strengthening the case of those who believe the whole bailout was botched.
And definitely-- Geithner needs to go.
posted by spooked at 9:42 PM
3 Comments:
Some black man is in Huntsville for a $100 crime (very likely).
Paulson, Geithner and the gangsters steal billions. No crime on the books, only against humanity. Never has counted. Never will.
Congress will drag feet until point of not return. Same with public outrage.
Medicare, Social Security, Forest Service, Better Education, Health Care, Alternative Clean Energy. No profit in 'em.
"Regarding qui bono, what does Sen. Schumer, Rep. Frank, Pres. Obama and other Wall Street sponsors gain from this public outcry?"
"The wetter the crocodile tears shed over giving bonuses to AIG individuals (who seem to be largely on the healthy, bona fide insurance side of AIG's business, not its hedge-fund Ponzi-scheme racket), the more they will distract public attention from the $180 billion giveaway, and the better they can position themselves to give away yet more government money (Treasury bonds and Federal Reserve deposits) to their favorite financial charities."
Michael Hudson
http://www.globalresearch.ca/index.php?context=va&aid=12784
One of the main reasons why many co's provide key executives with lucrative compensation packages is so that those executives will support and carry out the wishes of the CEO, without regard to whether or not they think something "funny" is going on.
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