Could you explain for the less savvy among us why they were in poor taste.
ML/NJ
If you get a home loan, they expect you to use that money to pay for the home... In fact they don't even trust you with the money, they pay the seller.
It is simple, AIG used that money for bonuses, if they wouldn't have gotten that money, they would be out of business. Which is what should have happened.
Because I believe the bonuses were contracted at a time when the company was losing massive amounts of money. I own a business and would not give someone a bonus if we were swimming in red ink. I’m not sure about this, but I believe it is the case. If the bonuses were designed to retain top performers, then I would retrace my statement. If they were given only to employees who actually had profitable departments, then I would also retract. If they are broadbased attempts to curry favor among friends, they are in poor taste. In other words, if the bonuses were handed out by people who thought they were going to lose their jobs, and given to people they thought could help them down the road, that is in poor taste.