Give Me Something To Break

Posted on 11/14/2008 at 11:13 am by Bob Cesca

We’re all scraping by just to keep up with our monthly bills, and AIG is doing this with our bailout cash:

American International Group plans to pay out $503 million in deferred compensation to some of its top employees, saying it must tap the funds to keep valuable workers from exiting the troubled insurance giant.

They’re not even trying to hide it. The hubris is staggering. Here’s to hoping some serious regulatory handcuffs will be authorized by Congress in the coming months — though it’s only a fool’s hope.

This entry was posted in Economy and tagged , . Bookmark the permalink.
  • Alan4s

    No fucking way! How can we prevent this from happening? Don’t we – as ordinary schmucks – have any option other than just sitting here and watching them steal from out piggy banks?

  • jmrunning3

    The only way to subvert this type of misbehavior is to be loud about it. Push the media to cover it instead of burying it and bring it into the light.This is the departing GOP raiding the treasury, pillaging, and burning the fields.

  • http://poopandpolitics.blogspot.com/ MCat

    Wow, there has to be something that can be done to stop that, I mean they’ve had what 3 lavish resort “meetings” on our dime and now this????Terrible!

  • cminri

    This is beyond belief! It should have been written into the bailout provisions that this NOT be allowed to happen. Its total bullshit that they have to pay this so called “deferred compensation” to keep valuable workers from leaving. Where the hell are these “valuable workers” gonna go??? There arent any jobs out there. Talk about corruption…

  • http://htt Tracy Adams

    “Talent?” Is that what they’re calling financial terrorists these days? It’s beginning to smell more and more like a payoff to keep everyone ensconced in the giant turdball that is AIG. Flush the lot of ‘em down the toilet.

  • Alan4s

    It’s worse. These employees all agreed to “deferred compensation” in which some of their salary is paid to them later. It sounds as if they are now trying to blackmail AIG into paying it now, instead of later, in order for them to stay. Blatant outrageous nonsense. Shut down AIG. Can them all.

  • http://girldujour.wordpress.com girl du jour

    If they had any talent they would be in the trouble that they are in. Who do we complain to?Anybody have Obama’s email address???

  • Alan4s

    …Anybody have Obama’s email address???

    We could try this: http://change.gov/page/s/yourvision

  • El Mystico

    Oh gee. What a surprise. These unrepentant bastards are trying to steal yet more money from people who already have less. Well done. As CJ Cregg might say… set the room on fire. Do it now.

  • gypsysoul111

    do you think god would still punish us if we tortured those who deserve it or would he throw out an “OH SNAP….NO THEY DIT’IN JUST SHOW EVIL THA DOOR…THOSE MY PEEPS FA REAL FA REAL”?just curious.

  • http://peggystone263@msn.com peggygeorge

    Yes, shut down AIG. Their employees can just walk and try to find jobs like millions of other Americans. And good luck with all the other insurance companies tanking. I don’t pretend to be a financial wizard, but imagine the stimulus of those billions had just been parceled out in equal share to every citizen – or just every municipality, in some proportion based on population. Here in San Diego, we’re losing libraries and Little League fields, the potholes are growing and the pipes are breaking under the streets (two just last night). Meanwhile, the AIG fatcats party on….

  • http://www.broadwaycarl.blogspot.com Broadway Carl

    The second the $700 billion bailout was approved (and especially when Paulson wanted no oversight) I said to myself that this was the final push. This was the last withdrawal, closing the account in the process. They profitted from the war, they profitted from Katrina, they profitted from the Bush tax cuts and as a final ‘fuck you’ to the American people, they backed up the Brinks trucks, and filled them up, passing it out like candy to the CEO children of these corrupt industries.

    Remember that $8 BILLION (or was it more?) that went missing in Iraq? – pallets of cash on a supply plane – don’t think for a minute that they don’t know where that money is. They know exactly where it is and who it went to. Golden parachutes indeed!

  • http://www.thedailybanter.com Ari Rutenberg

    they’re shameless assholes…

  • Hakeem

    How is this any different from bailing out the auto companies so they can pay their workers $84/hr in wages and benifits for assembly line work, and pay their retirees top of the line health care benefits?The people that should be handcuffed and frog-marched are the Barney Franks who propped up Fannie and Freddie while they being leveraged 60 to 1.

  • Andhakari

    Heaven knows the employment opportunities in the financial field are looking up. Those hard earned bonuses are just what it takes to keep employees from wanting to join the bread-lines.