Make up yer frackin minds: do you want AIG to fail? If so, do you want a shiteload of commerce to grind to a halt, worldwide. Then drive the “performers” from the company.

Do you want AIG to succeed?: then keep yer frackin hands off the bonuses/commissions/retentions of the people who CAN make the company survive.

I feel I’m dealing with KOS and DU people here.

Sorry to see so many “conservatives” hating “the rich”, whether or not they’ve ever worked on commission themselves.

Ditto those who think any jackass can step into the shoes of people in the PROFITABLE parts of AIG business.

I sense I’m in the company of a bunch of Japanese “sararimen” here: a bunch of staff people who have NEVER had to “make a number”, or die if they don’t.

And that includes YOU, MM.

http://www.theshootist.net/2009/03/dod-ends-sale-of-expended-military.html

This will quadruple the price of all ammo in just a few months.

Who wants to bet this was a directive from 1600 Pennsylvania?

http://imustimes.wordpress.com/2009/03/16/wabc-imus-announces-cancer-developing/

Depressing

He also stated clearly that it is critical that our politicians show the political will to deal with this. (Implying that they aren’t?)

I take his willingness to take the unprecedented step of allowing himself to be interviewed on the most watched show on television as a desperate plea for our politicians to get their act together.

It was also very interesting that he wasn’t asked any questions about the various stimulus bills or fiscal policy in general. His comments addressed Fed actions only.

Most trenchant comment (and I paraphrase): “We are on the brink of a depression that we may never recover from if we don’t handle this right.”

Fed chairmen never do or say such things. I take it as a deliberate signal that things are going very badly among the entrenched criminal class of windbags Mr. Bernanke is saddled with in Washington.

Thanks so much for the open thread. Of course now I find myself without anything interesting to share. I turned 50 last week and I seem to be turning into Grandpa Simpson…nothing coherent to share!!!

You can’t find quality exec’s like that just anywhere…you’ve got to turn over a lot of rocks to find worms like that!!!

On March 15th, 2009 at 12:08 pm, PhredE said:
Maybe a previous poster had already covered this question, and I missed it, but…

How can a company that lost $50+ billion in the most recent quarter pay any bonus to anyone? – much less, relying on government printed cash to do so with… Tell me “it ain’t so!”

***

These are the questions to ask. First, what compensation scheme allows a company that lost $61.7 billion its most recent quarter to pay any bonuses whatsoever? And I suspect that the quarters leading up to the fourth were poor too. Second, how could the feds release this money without working this out in advance?

We are represented by colossal screw ups.

http://www.rense.com/general75/kahl.htm

Please read: The bonuses are going almost exclusively to those who created the toxic assets.

D’oh!!! That’s what I get for listening to Chris Wallace, who said (without his guest admin spokesman Austan Goolsbee contradicting him) that the recipients included performers in the life insurance side of the business.

If the article is correct, then….my arguments don’t apply, since the $$ to pay such folks has to be public money, not AIG’s.

But since no authors are identified: that’s my story, and I’m sticking to it.

If the government does not have the authority to block these bonuses, how about at least publishing the names and photos of those executives and employees receiving the bonus.