from NY Times
WASHINGTON — Obama administration officials and Republicans alike were nearly universal in condemning the $165 million in bonuses that the American International Group, which has received more than $170 billion in taxpayer bailout money from the Treasury and Federal Reserve, is to pay executives in the business unit that brought the company to the brink of collapse last year.
“There are a lot of terrible things that have happened in the last 18 months, but what’s happened at A.I.G. is the most outrageous,” said Lawrence H. Summers, President Obama’s chief economic adviser
$165M/$170B --> 1/10 of ONE percent - GOOD GRIEF!
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So you're in favor of rewarding people who drive their company and the world economy into the ground???
ReplyDeleteI posted this before El Rushbo came on aire (although great minds think alike - he was all over it). Boortz mentioned it also.
ReplyDeleteBarney Frank and company are the sleeze ball scumbags who are driving the U.S. and the world economy into the ground
I'd love to hear more. Any substance behind this government conspiracy hypothesis?
ReplyDelete