Connecticut to force AIG bonus recipients to testify

graham wrote:

As much as should disgust everyone, it is absolutely ILLEGAL for the Federal Government to get involved in rule making in any corporation, and NO, the Government should keep their damn busy body noses out of this.
These are contracts between employer and employee.

Without the taxpayer bailout AIG would of failed & hense not one bonus would of been paid out.

First off it was our system that allows companies to become WAY to LARGE.It was our officals fault for alowing a company to become so large that if that compnay fails the whole system as we know it will fall like a house of cards.

Thas the problem allowing a company like AIG to hold the golbal enconmy hositge where we have no choice in the matter.Help or the whole system fails.

It's funny how some people have no clue about socialism.The U.S. is partly socialism already.Your Military, Mailmen, Firefighters, Police, Libaries, all the way to our K through 12th grade Education system is all Socialism.

Capitalism breeds greed without any type of regulation.However, you have to make sure that the people who are doing the regulation are no in the pockets of these companies.Which means serious term limits & transparent donations & dealings with government officals.

There should be laws in place of where people can remove government officals for actons that hurt the American people before their term is up.Bottom line if they lie cheat or make extremly bad decisions that seriously cost the tax payer we should remive them strip them of their pensions & benfits.

I am all for strick laws to hold our govenment officals for doing any type of hram to We the people.We have to make the pentalties so exteme no one would take the chance again to mess this up.Same goes for the looser like Madoff & the CEO's who make millions while others are let out in the cold while those CEO's are letting companies fail & lying about it to their share holders.

to Skip: you are mistaken. It is true that without bailout AIG would go into bankruptcy. It is also true that the bankruptcy judge would be able to tear up any contract. HOWEVER, the judge's first priority would be to preserve company assets. And he would definitely do everything needed to keep AIGFP empolyees unboard for orderly unwind. For that he would have to approve a new retention plan. And he would ask Mr. Liddy, what it would take to keep the employees. Mr. Liddy is already on record saying that he consider the current plan a good trade. So, it is very likely that AIGFP employees would still get paid before creditors and basically on par with what their current contract specifies. Look at Lehman, who went into bankrputcy and still judge approved payments to employees.

For anyone who's been to NYC - they're familiar with the shell game! This theater of the bizarre (bus trip) was arranged for by ACORN/Service Workers Union. I suspect many folks will die thinking there's a difference between the two parties? All of a sudden they're enraged over $163 million in bonus money. THEY voted for this, but then they NEVER read any bills! Dodd was the stooge for the Treasury Dept. Meantime, Pelosi in Feb took a jaunt to Italy (husband - 8 Senators) at our expense. The 757 Dreamliner jet cost $10,000 an hr/ while folks here are scrimping for home heating oil. Her trip (touring museums - attending exotic receptions) would have employed 10 Americans at $40,000 per year. Where was their outrage over BILLIONS disappearing in Iraq? Why isn't this bus stopping by Cheney's residence, with Halliburton stealing billions in their no-bid contracts (we won't count oil deals).

This
'show' is to distract from the Foggy Bottom Frat Boys, who are responsible for emptying the country of jobs - importing hundreds of thousands of visa workers (to replace Americans).

They were the ones/ who voted to repeal the Glass-Stegall Act (introduce 2 bills,'99-2000) that allowed the pigs into the trough/ creating these credit swaps/derivatives with ZERO oversight or regulations! And now they feign shock!! Clinton - Phil Gramm (now a lobbyist for Swiss bank) pulled this slight of hand off!

Meantime the FED is burning up the presses printing out a trillion ++ to cover even MORE bad bets from the high rollers! As for Washington elite, why they're busy slopping down (private dining rooms)$150.Kobe beef - voting themselves, yearly cost of living raises (also in pensions!!) and could care less about health care. We pay 72% of their premiums (full coverage - free prescriptions).

Bus tours should be going to the FED - Treasury - Paulson's home (Goldman Sachs got 13.Billion), Dodd's - Barney Frank - Pelosi etc.

The real ISSUE is 'hyper inflation'- get ready. Those folks on the buses won't be able to buy milk! This is horrific - encouraging violence of any kind. PS With forever war - these billions per month will rob us all.

Did you all read about that older Chimp in a German zoo (I think) who after many years of tranquility suddenly started stockpiling rocks and hurling them at spectators? He's been invited to join ACORN'S tour bus trips to harrass AIG Financial bonus recipient's children as they wait for their school buses. He's wearing his favorite tee shirt stating "Obama Rocks and so do I."

Say, didn't the boys in Washington vote to give AIG the money? Wasn't there a little quiet "no strings" action?
These so-called protest participants are only a diversionary effort - to keep the focus off DC.
A feel good adventure for people unable to remotely sense how they're being used.

Okay

this country needs to bring back witch burning & public lynchings. this protection against cruel & unusual punishment was easily the worst idea in the constitution. Some people deserve to be burned alive. Fat cats in Wilton who set off the money bomb on wall street are a good start.

crazy 88s wrote:

this country needs to bring back witch burning & public lynchings. this protection against cruel & unusual punishment was easily the worst idea in the constitution. Some people deserve to be burned alive. Fat cats in Wilton who set off the money bomb on wall street are a good start.

The huge majority of those who were "lynched"--black men, mostly--and the "witches" who were burned were innocent. Not these guys. The victims of these slime swindlers are not without blame either; they thought they could buy a 700K house on a 40K a year income. However, the public stocks might come back into fashion, and hanging return as a suitable capital punishment.

"The huge majority of those who were "lynched"--black men, mostly--and the "witches" who were burned were innocent. Not these guys."

Nor are the Democrats who accepted campaign money from these guys and then turned around and stuck these bonuses into the stimulus bill.

So, we're going to lynch the recipients of this money but not Dodd and Obama for their kickbacks?

Nemesys wrote:

"The huge majority of those who were "lynched"--black men, mostly--and the "witches" who were burned were innocent. Not these guys."
Nor are the Democrats who accepted campaign money from these guys and then turned around and stuck these bonuses into the stimulus bill.
So, we're going to lynch the recipients of this money but not Dodd and Obama for their kickbacks?

Look at a calendar dummy.

i user more then i years
can i have bonus 100m
my acc have 100m

Informed, Each would get at most, pennies on the dollar via bankruptcy court. The firms value w/o the gov't was negligible at best; its liabilities immense.
It is correct to NOT pay them, since AIG was in effect, a liquidated corp saved only by them becoming "de facto" US government employees.
AIG employees are Socialists, as are GM and Chrysler employees.