The AIG 73

[Boom_70]

73 - The number of AIG employees who received bonuses over a million dollars. I be willing to let them keep the money in return for the right to parade them before congress and explain exactly what they did to create this mess. To date there really has not been a clear explanation . It's time we had one.

 

[mustangj17]

That's fair enough.

 

[Simon_Cowbell]

Honestly, someone would be attacked outside of chambers.

 

[Boom_70]

Honestly, someone would be attacked outside of chambers.

Hey if they are going to parade Sammy Sosa before congress for artificially pumping himself up on steroids, no reason why these guys should not be asked to show up to explain how they artificially pumped up the AIG balance sheet.

 

[alleyallen]

Y'know Boom, that's actually not a bad idea at all. Make it conditional. Want the money? Explain how you jacked things up. Want to give the money back? Then walk away.

 

[Simon_Cowbell]

Honestly, someone would be attacked outside of chambers.

Hey if they are going to parade Sammy Sosa before congress for artificially pumping himself up on steroids, no reason why this guys should not be asked to show up to explain how they artificially pumped up the AIG balance sheet.

Listen, I would love to see at least one of them attacked.

What they did is tantamount to felonious assaults over and over again, the mental anguish they have put so many through.

 

[pressmurphy]

Honestly, someone would be attacked outside of chambers.

Hey if they are going to parade Sammy Sosa before congress for artificially pumping himself up on steroids, no reason why this guys should not be asked to show up to explain how they artificially pumped up the AIG balance sheet.

Listen, I would love to see at least one of them attacked.

What they did is tantamount to felonious assaults over and over again, the mental anguish they have put so many through.

I'd like to draw a distinction here. I have neither sympathy nor respect for anyone who's going to keep thier bonus money, but let's remember that a lot of the people receiving the money didn't write the rules or craft the bonus plan.

The big issue in my mind is that the handful of people genuinely in charge -- the people who decide how much to dish out to whom -- are probably still in charge. These are people who are somewhere between criminal and merely out of touch with reality, and yet they remain in charge of a company that you and I have spent $170 billion on recently.

I certainly don't feel as though I'm getting my money's worth from management.

 

[Simon_Cowbell]

Honestly, someone would be attacked outside of chambers.

Hey if they are going to parade Sammy Sosa before congress for artificially pumping himself up on steroids, no reason why this guys should not be asked to show up to explain how they artificially pumped up the AIG balance sheet.

Listen, I would love to see at least one of them attacked.

What they did is tantamount to felonious assaults over and over again, the mental anguish they have put so many through.

I'd like to draw a distinction here. I have neither sympathy nor respect for anyone who's going to keep thier bonus money, but let's remember that a lot of the people receiving the money didn't write the rules or craft the bonus plan.

The big issue in my mind is that the handful of people genuinely in charge -- the people who decide how much to dish out to whom -- are probably still in charge. These are people who are somewhere between criminal and merely out of touch with reality, and yet they remain in charge of a company that you and I have spent $170 billion on recently.

I certainly don't feel as though I'm getting my money's worth from management.

Those are the people, obviously, that I have the animosity toward.

 

[poindexter]

Of course, somebody here was posting about Wall Street bonus excess, about 16 months ahead of the curve.

http://www.sportsjournalists.com/forum/posts/1508536/

 

[KP]

I'd love to hear one actually say in front of Congress that they deserve that money based on job performance.

 

[RickStain]

I'd love to hear one actually say in front of Congress that they deserve that money based on job performance.

They will. They absolutely will, and they'll believe it.

 

[spaceman]

agreed, boomer. These people are the lowest form of scum.

 

[goalmouth]

Of course, somebody here was posting about Wall Street bonus excess, about 16 months ahead of the curve.

http://www.sportsjournalists.com/forum/posts/1508536/

Please. People were screaming about executive compensation when Eisner was pulling down $45M a year at Disney in the mid-Nineties.

 

[93Devil]

Have $1,000,000 cash sitting on a table when they speak to Congress.

Then, once that Q&A is over, make the Bonus Baby take the money and walk out of the room with it. Make them bring their own briefcase or garbage bag. I don't care. Just make it as uncomfortable as possible.

No matter how well they answer the questions, the image of them trying to carry this money out of the room will be the defining image of this decade.

 

[Bubbler]

Chuck Grassley ... Boom has given you your mission.

 

[RickStain]

House passes 90% tax on bonuses.

I'm as outraged as anyone, but how is this anything but ex post facto?

 

[Armchair_QB]

House passes 90% tax on bonuses.

I'm as outraged as anyone, but how is this anything but ex post facto?

It also may be unconstitutional.

 

[poindexter]

House passes 90% tax on bonuses.

I'm as outraged as anyone, but how is this anything but ex post facto?

It also may be unconstitutional.

Under the AIG furor yesterday, a couple people at the Fed decided to print and spend a trillion more dollars (not a typo, or exaggeration) to prop up the housing market for a little more while and take a few points off the mortgage rate, and give another kick start on our way to becoming a third world country.

They are playing a shell game, with the government is issuing debt with one hand, and with the other it’s repurchasing it using paper that it is printing. Who makes these decisions? Are there any public discussions?

The constitutionality of taxing a group of assholes is pretty low on my outrage list.

 

[Armchair_QB]

House passes 90% tax on bonuses.

I'm as outraged as anyone, but how is this anything but ex post facto?

It also may be unconstitutional.

Under the AIG furor yesterday, a couple people at the Fed decided to print and spend a trillion more dollars (not a typo, or exaggeration) to prop up the housing market for a little more while and take a few points off the mortgage rate, and give another kick start on our way to becoming a third world country.

They are playing a shell game, with the government is issuing debt with one hand, and with the other it’s repurchasing it using paper that it is printing. Who makes these decisions? Are there any public discussions?

The constitutionality of taxing a group of assholes is pretty low on my outrage list.

Outrage isn't the issue.

 

[poindexter]

What is the issue?