AIG IS AT IT AGAIN

Well, I guess you know I just have to comment on this!

In an article in today's Washington Post written by Brady Dennis it has been announced that AIG is planning on issuing bonuses to employees of their Financial Products Division, with an additional tens of more millions worth of  bonuses to be paid out in March. Some of the employees who stand to benefit by these bountiful bonuses don't even work for AIG any longer, but yet......

We are reminded by Mr. Dennis that "the Financial Products Division is the unit whose risky derivatives deals brought the insurer to the brink of collapse in 2008."  We don't need Mr. Dennis to remind us however of the consequences to the American public of these risky deals. Nor do we need to be reminded that some of these same folks received bonuses in March of 2009 worth $168 MILLION DOLLARS.

According to the article, AIG received $180 BILLION DOLLARS in loans, stock investments and other commitments from the Federal Reserve and the Treasury Department. Need I remind you that I and I would assume that all of you received neither a loan, a stock investment, nor any other commitment from the Federal Reserve nor any other government agency to help you keep your company afloat. 

It is imperative that you all read the article written by Mr. Dennis.  After reading this article I was absolutely enraged!

As we struggle every day to make the most of the limited resources we have and to scratch out some semblance of a decent living these folks just continue to hold their hand out and expect that it will be filled to overflowing with bailout monies. And guess what?  It's working.