[Robwin]

Let's give them even more taxpayer money.

[bigheadfred]

HAHAHAHAHAHAHA!!!! Ah, F*** ME!!!!HAHAHAHAHAHAHAHA!!!!

[gorush]

From an e-mail...

AIG bailout --- ????? Remember when this economic crisis hit, and Congress let Bear Sterns go under, pushed a bunch of forced marriages between banks, etc.? Then they bailed out AIG.

At the time, I thought: "That's strange. What does an insurance company have to do with this crisis?"

I think I just found the answer. Among other things, AIG INSURES THE PENSION TRUST OF THE UNITED STATES CONGRESS!! No wonder they got bailed out right away!

To hell with the people, let's protect our future, said all our Senators and Congressmen. Nice to see where their loyalties lie!

[familyop]

$152 billion tax dollars went to the AIG Financial Products (AIGFP) office in London months ago, where a large part of the OTC derivatives were written (and where much of the money has been alleged to have passed through to China). Many billions of tax dollars more might be going there soon.

China’s imploding US ally (AIG)
http://www.freerepublic.com/focus/f-news/2084468/posts

AIG: Inquiring Minds Want To Know
http://www.freerepublic.com/focus/f-news/2192489/posts
(China)

Fed won't say who helped by AIG rescue
http://www.freerepublic.com/focus/f-news/2200398/posts

Top U.S., European Banks Got $50 Billion in AIG Aid
http://www.freerepublic.com/focus/f-bloggers/2201213/posts

China to overtake US as largest manufacturer

By Peter Marsh in London
Financial Times
Published: August 10 2008 22:37 | Last updated: August 10 2008 22:37

Excerpt:
"China is set to overtake the US next year as the world’s largest producer of manufactured goods, four years earlier than expected, as a result of the rapidly weakening US economy."

[Enough is ENOUGH]

Why was this company allowed to become too big to fail? If it was considered too big to fail why didn’t the SEC or Congress ensure that proper safeguards were in place? Where was the government regulation to protect taxpayers from having to pay these beyond comprehension bailouts? Who is to blame for not regulating this company? I would assume it had an annual audit of its financial statements. The subprime problem was affecting these businesses before 2008. How could this have happened without warning? Wouldn’t their CPA’s given a going concern opinion in its auditor’s report? Did the excessive bailout amounts have anything to do with senate and house retirement funds? (Just questioning, no proof)

[Free_SJersey]

These bonuses are necessary so that they can bundle another $100+ to Obama and Dodd.

[lilylangtree]

Yeah, soak the taxpayers. Why not? obozo admin & Congress is doing it.

[HoosierHawk]

Good thing I read the article; I thought the bonuses were going to be paid to members of congress.

[Natural Law]

"Let's give them even more taxpayer money."

Properly incentivized employees will turn the company around faster.

[Diogenesis]

Dodd: "allah has blessed us and Pres_ _ent-for-Life Obama
with AIG and our new slaves, the American people and their children and grandchildren.
We are truly beyond rich as endless unaccounted-for billions roll into each of our private bank accounts."

---

"AIG's Small London Office May Have Lost $500B"
Ground zero for AIG's spectacular implosion, which has soaked up more federal bailout money
than any other entity, appears to have been a small London branch office
that may have lost nearly half a trillion dollars in bad deals."

---

---

---

"Sen. Dodd has been rewarded in the 2008 election cycle with $7.65 million in campaign contributions
he took in $11.7 million in all — from the securities, insurance, real-estate and commercial-banking industries...
Citigroup, $310,294; SAC Capital Partners, $282,000; United Technologies, $263,400; AIG, $224,678;
Bear Stearns, $205,600; St. Paul Travelers, $205,400; Royal Bank of Scotland, $203,750; Goldman Sachs, $175,600; Morgan Stanley, $155,000; Credit Suisse, $154,550;
Merrill Lynch, $134,950; The Hartford, $94,350; Bank of America, $91,300; JPMorgan Chase, $129,150; USB, $101,900; Hartford Finance Services, $101,500
Lehman Brothers, $128,400; KPMG, $113,100; General Electric, $108,250; Deloitte Touche, $108,000
With $165,400, Sen. Dodd also tops the list of members of Congress who took campaign cash from Fannie Mae and Freddie Mac since 1989.
Sen. Barack Obama, the self-styled agent of change, is a distant second at $126,000...."