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Thread: Executive Bonuses should not be paid with public money.

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    Executive Bonuses should not be paid with public money.

    Executive Bonuses should not be paid to CEO or AIG or any other financial organization with Public tax money.

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    Re: Executive Bonuses should not be paid with public money.

    lol @ no poll and the idea of "public money".
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    Re: Executive Bonuses should not be paid with public money.

    I think the first mistake those in office did was give out bailouts the second mistake was not say you couldn't give out bonuses with tax payer money.However AIG does have to meet it's contractual agreements and since those in office didn't say they couldn't use that money to pay out bonuses then AIG should be allowed to. It would be different if the government said here is the tax payer's money but under no circumstances will you use tax payer money to pay off bonuses, if you want to pay out bonuses then do so with your own money. Personally I think this is a distraction from more serious issues. What about the billions of dollars these clowns in office have given other countries, and other frivolous and dumb **** beside? They are bitching about these AIG bonuses when they gave AIG our money,its like they are trying to shift more of the blame.They should have let AIG fail as well as any other business that makes stupid mistakes..
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    Re: Executive Bonuses should not be paid with public money.

    They should have made it a stipulation of accepting the bailout money.

    You can't just break binding documents like this. Once you do this, legal agreements can be broken, because of xxx.

    It sucks, but there is a greater good.
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    Re: Executive Bonuses should not be paid with public money.

    Quote Originally Posted by dragonslayer View Post
    Executive Bonuses should not be paid to CEO or AIG or any other financial organization with Public tax money.



    Awesome, so you hold Dodd accountable for writing it, and Obama signing it into law.....


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    Re: Executive Bonuses should not be paid with public money.

    AIG still has an actual revenue stream, you know. How do you know the bonuses were indeed paid from "public money" and not independent revenues?
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    Re: Executive Bonuses should not be paid with public money.

    Quote Originally Posted by Harshaw View Post
    AIG still has an actual revenue stream, you know. How do you know the bonuses were indeed paid from "public money" and not independent revenues?
    The same way they know that the war in Iraq was paid for with borrowed money, rather than revenue pulled from personal income taxes.

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    Re: Executive Bonuses should not be paid with public money.

    Quote Originally Posted by Reverend_Hellh0und View Post
    Awesome, so you hold Dodd accountable for writing it, and Obama signing it into law.....



    well??????


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    Re: Executive Bonuses should not be paid with public money.

    As I understand it, the bonuses were contractual obligations that AIG had to fullfill or face owing even larger bonuses down the road. Furthermore, there was nothing the bailout bill that prohibited AIG from using the money for bonuses. Lastly, the contracts with the bonuses were on the books and could've easily been discovered if anyone in government bothered to check AIG out before handing them bushels of no strings attatched cash.

    If you're outraged over the bonus "scandal" I suggest you take your misplaced rage at AIG and place it where it belongs - the architects and supporters of bailout bill that were ignorant of this possibility and made no provisions to prevent it. In short, don't be mad at AIG for making a sound decision, be mad at the people who allowed this to happen.
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    Re: Executive Bonuses should not be paid with public money.

    Quote Originally Posted by Psychoclown View Post
    As I understand it, the bonuses were contractual obligations that AIG had to fullfill or face owing even larger bonuses down the road. Furthermore, there was nothing the bailout bill that prohibited AIG from using the money for bonuses. Lastly, the contracts with the bonuses were on the books and could've easily been discovered if anyone in government bothered to check AIG out before handing them bushels of no strings attatched cash.

    If you're outraged over the bonus "scandal" I suggest you take your misplaced rage at AIG and place it where it belongs - the architects and supporters of bailout bill that were ignorant of this possibility and made no provisions to prevent it. In short, don't be mad at AIG for making a sound decision, be mad at the people who allowed this to happen.



    read on, dodd wrote in protections of bonuses in the bill at the request of the Obama administration.


    Matthew 10:34
    Think not that I am come to send peace on earth: I came not to send peace, but a sword.

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