Obama will try to block executive bonuses at AIG

Discussion in 'World Events' started by See Post, Mar 16, 2009.

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  1. See Post

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    Originally Posted By Hans Reinhardt

    It's nice to have someone in the White House who is actually looking out for the taxpayers.

    <a href="http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2009/03/15/national/w123922D46.DTL&feed=rss.news" target="_blank">http://www.sfgate.com/cgi-bin/...rss.news</a>

    >>President Barack Obama declared Monday that insurance giant American International Group is in financial straits because of "recklessness and greed" and said he intends to stop it from paying out millions in executive bonuses.

    "It's hard to understand how derivative traders at AIG warranted any bonuses, much less $165 million in extra pay," Obama said at the outset of an appearance to announce help for small businesses hurt by the deep recession.

    "How do they justify this outrage to the taxpayers who are keeping the company afloat," the president said.

    Obama spoke out in the wake of reports that surfaced over the weekend saying that financially strapped American International Group Inc. was paying substantial bonuses to executives.<<
     
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    Originally Posted By ADMIN

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    Originally Posted By ADMIN

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    Originally Posted By ADMIN

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    Originally Posted By ADMIN

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    Originally Posted By ADMIN

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    Originally Posted By Hans Reinhardt

    I agree that the short term spending is, well, overwhelming. Still, I've yet to hear a reasonable solution to the problem from the people who oppose his plan.
     
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    Originally Posted By ADMIN

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    Originally Posted By Hans Reinhardt

    That isn't a solution for the millions of jobless Americans and people who have lost their homes. The irresponsible recklessness of letting the financial institutions "do what they do" is what got us into this mess in the first place.
     
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    Originally Posted By Hans Reinhardt

    Wow, these admins are quick.
     
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    Originally Posted By ADMIN

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    Originally Posted By ADMIN

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    Originally Posted By ADMIN

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    Originally Posted By ADMIN

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    Originally Posted By ADMIN

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    Originally Posted By ADMIN

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    Originally Posted By ADMIN

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    Originally Posted By ADMIN

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    Originally Posted By DAR

    It's time to take AIG out fishing ala Fredo.
     
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    Originally Posted By Dabob2

    I know it was you, AIG!!
     

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