Economic Times?

I dont understand something about the AIG hue and cry. Executives have made obscene amounts of money for decades. It is what capitalistic society is about.. :D. SO suddenly if an executive flies first class it is outrageous?/.. 😐 and then this tax bill passed through the US senate..

The 328-93 House vote came amid a national outcry over $165 million AIG paid in bonuses last week after receiving $173 billion in bailout funds as part of the government’s efforts to stabilize credit markets. President Barack Obama said he was “stunned” by the bonuses and vowed to recoup the money. Nineteen state governments have begun probes of the AIG bonuses.

That is kind of the biggest cover up of the lack of finacial regulation and accountability. It adds up to .. I will give you 173 Billion dollars and then subtract 165 million so that the tax payers money is going to the right cause. That still amounts to 172.99 Billion dollars.. 😀 okay I know I am weak in math.. 😐 .. 😀 and the fact is .. there was no regulation in place which said- the money u are drawing is to pay of bad assets not keep your employees happy!

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One Response to “Economic Times?”

  1. ya da.total hypocrisy. Also, when govts give money, tax breaks and stimulus amount to people to promote spending, bonuses cant be given? wont they stimulate spending? will people stash their bonus money but spend the govt money? i dont understand 😀

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