AIG will pay out $165,000,000 in bonuses to their executives. Presumably to thank them for the fine work they’ve done in posting the biggest corporate loss in history last quarter – a loss of $61,700,000,000.AIG’s legal team states that they have a contractual obligation to make those bonus payments. Treasury Secretary Tim Geithner has asked the company – pretty please – if they wouldn’t mind possibly considering maybe not doing that again…if it’s okay with them.
Let’s see…no matter how the company performs, the executives still get bonuses? No wonder the Government didn’t insist on changing that when they handed over the check for $170,000,000,000; they operate the same way.
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The bonus payout excesses at AIG are just the tip of the iceberg of what is happening with the other Wall Street bailouts including Bank of America. Working productive Americans are bailing out the same crooks that destroyed our economy along with 45% of the wealth in the world and now the American taxpayers and our children will be forced to live a far lower standard of living with reduced prosperity and opportunities due to this but only we pay the price.
Washington has bailed out the banks, Wall Street & their Washington special interests and much of the cost is added to the national debt to by paid by this and future generations while real estate and investments continue to fall. Find out what a growing repudiate the debt movement could mean for treasuries, the dollar, gold and the stock market and how this is a better alternative than Washington’s plans to monetize the debt in future years and tax and destroy our remaining wealth by depreciating the dollar.
The Campaign to Cancel the Washington National Debt By 12/21/2012 Constitutional Amendment is starting now in the U.S. See: http://www.facebook.com/group.php?gid=67594690498&ref=ts
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