So, reading other posts, you know that I think AIG should have been allowed to fail basically because that would be the nature of its business model - insurance/risk/catastrophe. If that had been allowed, well, AIG would have gone out of business, owed quite a bit of money, and people who are undoubtedly not good at their jobs would have been out of work. That's not how it played out, though. Based on the bailout, AIG now has to "contractually" pay out $100 million in bonuses, mainly to the people who caused this problem.
What are these people being rewarded for? Who the hell wrote up a contract that provided a bonus for failure, for costing not just the company, but the American people billions and billions of dollars? Why are we helping these morons!?! I read something that explained part of this happening based on part of the agreement in AIG's 2008 bailout. So, at some point, someone in the government rewarded the stupidity of rewarding stupidity and failure!
Obviously, there's a problem in this country. Some argue that we are being distracted from the problem by the Administration attacking people like the Oxycontin addict, but, really, isn't it that we are being distracted from taking care of these problems by being directed not to what (or whom) caused them, but rather the worry about how they will be fixed? Focus people, focus! We need to know what and how these problems were caused in order to fix them, not perpetuate the recession/depression by causing hysteria (believe it or not, it's reached that point in places).
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I guess, at this point, after all the bailout money, it's just time to Nationalize AIG so that it is under government control, then, systematically shut it down. No one who works for that company deserves to keep his/her job, nor have job security.
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