| By Ken - Mar 15th, 2009 at 6:02 pm EDT |
Categories: Economic Fairness & Security, Effective & Ethical Government, All Network Posts: Front Page
What! It was 450 million dollars in the teaser from the Wall Street Journal. But Talkingpointsmemo says: AIG gives out 1.2 billion taxpayer dollars for bonuses! [Guess they can afford to get a subscription- thanks Josh!]
So we just keep on giving the Wall Street psychos more of their drug- money. Without accountability or asking too much because it might upset them because they are blackmailing this nation with fiscal destruction.
AIG and the Treasury Department have both said that they can not stop the bonuses because of their nature of the contracts.
Do you believe that?
Are they willing to have anyone believe in that excuse?
When there is a crisis of such magnitude then the "rules change" because the world has changed. (Heh! I remember the monster who said that!)
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Why is it that Turbotax Tim was head of the NY Fed last year when AIG came to him for bailout money, but today he claims to have known nothing about all this until Mar 13th?
If you really want to point fingers of outrage, how about Jamie Gorelick and Franklin Raines cooking FNMA books to get big fat bonuses?
1998 Salary and Bonus of Senior Fannie Mae Executives
Officer Title Salary AIP Award/Bonus
James A. Johnson Chairman and CEO $966,000 $1,932,000
Franklin D. Raines Chairman and CEO Designate $526,154 $1,109,589
Lawrence M. Small President and COO $783,839 $1,108,259
Jamie Gorelick Vice-Chairman $567,000 $779,625
J. Timothy Howard EVP and CFO $395,000 $493,750
Robert J. Levin EVP, Housing and Comm. Develop. $395,000 $493,750
So its OK for a government company to hand out bonuses, but not private companies?