Comments on: Let AIG Managers Have Their Bonuses http://www.belch.com/blog/2009/03/17/let-aig-managers-have-their-bonuses/ I can't believe that came from your mouth! Sun, 12 Feb 2012 10:32:46 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Pat http://www.belch.com/blog/2009/03/17/let-aig-managers-have-their-bonuses/comment-page-1/#comment-141097 Pat Wed, 18 Mar 2009 20:04:34 +0000 http://www.belch.com/blog/2009/03/17/let-aig-managers-have-their-bonuses/#comment-141097 Here's the thing. Yes, the bailout was a bad idea, but it is actually a loan to AIG, not a gift. If AIG, who was the insurer wasn't bailed out, then all of the banks who were holding claims for bad mortgages wouldn't have been paid. The idea I think was to bail out the insurance so the banks would maintain solvency. But if this company is ever to get back on its feet and pay back the US the money it owes them for the bailout then it has to keep the people who know how to operate the company. All of this pressure on what employees are left will ultimately cause them to leave, bonuses or no bonuses. And then, the gov't will NEVER get the money it loaned them back. The gov't are being bullies. Here’s the thing. Yes, the bailout was a bad idea, but it is actually a loan to AIG, not a gift. If AIG, who was the insurer wasn’t bailed out, then all of the banks who were holding claims for bad mortgages wouldn’t have been paid. The idea I think was to bail out the insurance so the banks would maintain solvency.

But if this company is ever to get back on its feet and pay back the US the money it owes them for the bailout then it has to keep the people who know how to operate the company.

All of this pressure on what employees are left will ultimately cause them to leave, bonuses or no bonuses. And then, the gov’t will NEVER get the money it loaned them back. The gov’t are being bullies.

]]> By: ed http://www.belch.com/blog/2009/03/17/let-aig-managers-have-their-bonuses/comment-page-1/#comment-141083 ed Wed, 18 Mar 2009 15:43:58 +0000 http://www.belch.com/blog/2009/03/17/let-aig-managers-have-their-bonuses/#comment-141083 The problem here isn't necessarily the bonuses, though awarding bunuses for bankrupting your own company seems suspicious, it's the bailout in the first place. AIG should have gone under completely. There are hundreds of healthy, American insurance companies and banks to move in and fill the void. That's how the market works....at least that's how it's supposed to work but, when Dodd, Frank, and Obama all receive hundreds of thousands in bribes to facilitate the bad business decisions, the market gets turned upside down. Moreover, I don't know how the bonuses are supposed to keep the best and brightest financial minds from leaving AIG as it's been argued, the best and brightest minds at AIG already bankrupted the company once....let their dumb, incompetent asses leave. The problem here isn’t necessarily the bonuses, though awarding bunuses for bankrupting your own company seems suspicious, it’s the bailout in the first place. AIG should have gone under completely. There are hundreds of healthy, American insurance companies and banks to move in and fill the void. That’s how the market works….at least that’s how it’s supposed to work but, when Dodd, Frank, and Obama all receive hundreds of thousands in bribes to facilitate the bad business decisions, the market gets turned upside down. Moreover, I don’t know how the bonuses are supposed to keep the best and brightest financial minds from leaving AIG as it’s been argued, the best and brightest minds at AIG already bankrupted the company once….let their dumb, incompetent asses leave.

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