{"id":189599,"date":"2010-03-05T21:47:00","date_gmt":"2010-03-06T02:47:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/03\/05\/not-enough-bullets-aig-again\/"},"modified":"2010-03-05T21:47:00","modified_gmt":"2010-03-06T02:47:00","slug":"not-enough-bullets-aig-again","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/03\/05\/not-enough-bullets-aig-again\/","title":{"rendered":"Not Enough Bullets: AIG Again"},"content":{"rendered":"

After bankrupting AIG, and nearly taking the world financial system, employees at AIG’s Financial Products division whined about the possibility that they would not get their lucrative bonuses for nearly destroying civilization<\/a>:<\/p>\n

During the national furor that erupted last year after American International Group paid more than $165 million in bonuses, the voices of those vilified for receiving the payments remained silent, at least in public.<\/p>\n

But behind closed doors, employees at AIG’s Financial Products division — the very unit whose trading had hastened the insurance giant’s collapse — were defiant, saying they were merely getting what they were due, recoiling at public accusations that they were behind their capitalizing on the company’s massive taxpayer bailout.<\/p>\n

“I will stand behind every action I have taken in this company from Day One,” one employee said, according to a newly obtained transcript of a conference call the division’s head held last March with some of his staff.<\/p><\/blockquote>\n

But it turns out that, they are getting obscene amounts money now:<\/p>\n

Yet they did see that money, at least most of it. Last month, under a deal in which employees agreed to take a cut in their upcoming retention bonuses in return for an accelerated payment, AIG paid out about $100 million to employees at the firm. AIG is scheduled to pay the last of the bonuses this month. <\/p><\/blockquote>\n

Seriously, these arrested development, self absorbed frat boys will never do the right thing, and they should never, ever<\/span> be allowed near other people’s money ever again.<\/p>\n","protected":false},"excerpt":{"rendered":"

After bankrupting AIG, and nearly taking the world financial system, employees at AIG’s Financial Products division whined about the possibility that they would not get their lucrative bonuses for nearly destroying civilization: During the national furor that erupted last year after American International Group paid more than $165 million in bonuses, the voices of those …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,969,1004],"tags":[],"class_list":["post-189599","post","type-post","status-publish","format-standard","hentry","category-corruption","category-evil","category-finance"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189599"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=189599"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189599\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=189599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=189599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=189599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}