AIG paid bonuses again for employees of the division that caused most of the losses as ‘retention pay’ to keep them around. Now they are whining that they could face lawsuits, and that their hands are tied.
I say let them all leave and sue. I say let the Justice Department fight the legal battle and drag it out for a long time. Are they going to find other jobs? Maybe GM has room for them.
This has disgrace written all over it. Let AIG die and then see where the bonuses are coming from? I use 21st Century (an AIG company) car insurance. I think it’s time I looked for different coverage.
Obama and Geithner are showing a lack of backbone here that is disturbing. Stop the payouts and this will take care of itself very quickly.