Comments on: Why I Think AIG Should Get to Keep Their Bonus

By: #030 — Links O’ The Week | MyMoneyMinute.com

#030 — Links O’ The Week | MyMoneyMinute.com — Sat, 21 Mar 2009 18:21:06 +0000

[...] Dollar gives his reasons Why He Thinks AIG Should Get to Keep Their Bonuses. Very gutsy [...]

By: Santos

Santos — Fri, 20 Mar 2009 20:27:07 +0000

The other reason to let go of the stupid bonuses is that 80% of AIG belongs now to the taxpayers. All this talk about how terrible and incompetent AIG is (which is mostly true) only makes their recovery less likely and if (or when, depending on how optimistic you are) AIG goes under, the entire $173 billion (with a B) given to AIG already will evaporate.

By: Josh Wong

Josh Wong — Fri, 20 Mar 2009 19:36:00 +0000

I’m surprised how few people have this perspective as the media is having a field day with this. I thought I was the only one.

Although there is the old argument that we are giving bonuses to “losers” (thanks Rick Santelli), I couldn’t help but smile when reading the following web comic: http://xkcd.com/558/

By: tom

tom — Fri, 20 Mar 2009 15:34:05 +0000

The other thing that doesnt seem to make sense to me is the Congress wants more transparency from the Federal Reserve, so why don’t they achieve that first?

I mean they don’t even know where they got the money from and now they have the nerve to tell them how to use it?

By: Jason @ MyMoneyMinute

Jason @ MyMoneyMinute — Fri, 20 Mar 2009 13:57:53 +0000

Meanwhile, $1 billion goes out to ACORN in the stimulus bill without a word. Sounds like a smokescreen to me.

Does it suck? Yes. I hate when people are rewarded for doing a crappy job. But (1) these ‘bonuses’ were probably already agreed to contractually as part of their pay, and (2) you gotta look at what else is going on too.