http://www.clipsandcomment.com/2009/03/16/transcript-president-obama-talks-about-aig-bonuses-today-at-white-house/ News, Politics, and Society: Ohio and the World Thu, 10 Jun 2010 15:34:43 +0000 hourly 1 http://wordpress.org/?v=3.0 http://www.clipsandcomment.com/2009/03/16/transcript-president-obama-talks-about-aig-bonuses-today-at-white-house/comment-page-1/#comment-7424 America Becoming Unsafe for the Successful? « The Cake Party Sun, 14 Jun 2009 19:27:09 +0000 http://www.clipsandcomment.com/?p=3837#comment-7424 [...] “This is a corporation that finds itself in financial distress due to recklessness and greed. Under these circumstances, it’s hard to understand how derivative traders at AIG warranted any bonuses, much less $165 million in extra pay. I mean, how do they justify this outrage to the taxpayers who are keeping the company afloat?(…)excuse me, I’m choked up with anger here(…)” – Barack Obama, in his speech on March 16, 2009 [...] [...] “This is a corporation that finds itself in financial distress due to recklessness and greed. Under these circumstances, it’s hard to understand how derivative traders at AIG warranted any bonuses, much less $165 million in extra pay. I mean, how do they justify this outrage to the taxpayers who are keeping the company afloat?(…)excuse me, I’m choked up with anger here(…)” – Barack Obama, in his speech on March 16, 2009 [...]

]]> http://www.clipsandcomment.com/2009/03/16/transcript-president-obama-talks-about-aig-bonuses-today-at-white-house/comment-page-1/#comment-6633 Rosa Mon, 16 Mar 2009 22:54:28 +0000 http://www.clipsandcomment.com/?p=3837#comment-6633 If AIG had been forced to declare bankruptcy they would not be able to hand out bonuses. Put another way, the only reason AIG execs are allowed to take bonuses is because we bailed them out. Also they get to do it with our money. We have to pay them or risk being forced to buy them out which would make the bailout useless in the first place. How not so sweetly ironic... If AIG had been forced to declare bankruptcy they would not be able to hand out bonuses. Put another way, the only reason AIG execs are allowed to take bonuses is because we bailed them out. Also they get to do it with our money. We have to pay them or risk being forced to buy them out which would make the bailout useless in the first place. How not so sweetly ironic…

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