UPDATE 2:
Sen. Dodd wants to tax bonuses (you mean those million-dollar bonuses weren’t even taxable?) LOL!
UPDATE:
Armed guards posted outside AIG offices in Washington
Yesterday, POTUS Barack Hussein Obama feigned outrage at AIG for disbursing $160 million in bonuses to its executives after after receiving $173 BILLION in federal aid from the government.
According to online reports, the bonuses paid by AIG included $1 million in bonuses to each of 73 execs.
It’s interesting that Obama didn’t bother to mention his own treasury secretary Tim Geithner negotiated the billions in bailout cash for AIG in the first place. And it was Geithner who went back to the table for more cash for AIG.
Don’t think this will be the last bailout for AIG either. In the coming months, AIG will receive even more bailout cash from the government. Obama will go before the cameras again to convince America that we can’t allow AIG to fail… blah, blah, blah.
In the meantime, two of my friends will be laid off from their jobs next week.