Obama calls Insurance Firm ‘Greedy’ and ‘Reckless’
March 17th, 2009
President Barack Obama didn’t mince his words Monday as he chastised the taxpayer-supported American International Group for apparent “recklessness and greed” in seeking millions in executive bonuses. “It’s hard to understand how derivative traders at AIG warranted any bonuses, much less $165 million in extra pay,” Obama said as he prepared to announce his aid plan for floundering small businesses. “How do they justify this outrage to the taxpayers who are keeping the company afloat.” Read the rest.
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There are two things that congress can do: 1) congress can pass a tax bill with a rate of 90%. 2) The next bailout money (if they receive more at all) should be shorted by the same amount AIG paid out.
I have been working for 35 years straight and never heard of people who ruin a company receiving a bonus;I always thought a bonus was a reward for a job well done. If this is a “retention” bonus my question is why are these employees being retained when the should be FIRED ? The thing that is not right is many receiving a bonus are no longer with AIG.
How come normal working people are getting fired, layed off, forloughed, etc… and the unemployment rate is so high and employed people are being asked to do more with no raise or bonus in sight (most people are grateful to have jobs) while people who have done a terrible job (and helped to wreck our economy) are getting a bonus? Where is the incentive in that? What does that do to the work ethic?
Wow!! Iknow that May every white person in my Trailer Park is on welfare!! My mammie just went out to to but some Spam!
Oh yeah, me and my mom live in a Section 8 shrine. We get WIC all the time. We buy egg rolls and noddles. HI-YAH!!!!
GET EM MR. PRESIDENT!!!!
How I am guaging success for the Obama administration is their ability to “root out” and help expose the major pepetrators of financial waste and corruption! It is those persons who have had the capacity for decades to get away with manipulating millions and billions of dollars: the Bernie Madoffs and the high powered executives of comapanies such as AIG. I wonder why they were not exposed under President Bush’s watch? President Obama promised to help get rid of waste and corruption in our government during his campaign. Go President Obama!
Hay CINNAMON
HAY CINNAMON YOUR RIGHT AND THAT WAS ON KEY
HAY CINNAMON YOU ARE RIGHT ABOUT ALLOT OF THINGS, AND THANKS FOR PUTTING IT ALL OUT THERE, DAVID IS JUST STUPID THERE IS NO OTHER WORD FOR HIM.
HAY CINNAMON YOUR RIGHT ABOUT ALLOT OF THINGS, AND THANKS FOR PUTTING IT OUT THERE, AND YES DAVID IS STUPID AND THERE IS NO OTHER WORDS
MY COMMENTS WERE ARE THEY
WHY would you give a GREEDY and RECKLESS company money and expect anything other than GREED and RECKLESSNESS…. OBAMA PLEASE…
MR. OBAMA IS JUST DOING WHAT HE DEEMS NECCESSARY TO KEEP OUR SLUMPING ECONOMY AFLOAT. AS STATED BY ANOTHER BLOGGER, IT TAKES MONEY TO GET OUT OF DEBT. MR. OBAMA HAS TO CLEAN UP EVERYTHING THAT BUSH MESSED UP WHILE TRYING TO KEEP THE PEOPLE INFORMED ABOUT THE THINGS THAT HE IS DOING, SO WE DONT BECOME DISCOURAGED BY THE SLOW PROGRESS THAT THE ECONOMY IS MAKING. AIG DID LOTS OF WASTEFUL SPENDING AND I AM GLAD THAT THE PRESIDENT PUT THEM ON BLAST. IS THIS WHY WE WORK HARD EVERYDAY, TO PAY LARGE BONUS MONEY TO THE CEO’S OF COMPANIES THAT MAKE WAY MORE THEN WE DO? ITS ABOUT TIME SOMEONE STOOD UP FOR THE AVERAGE AMERICAN..
Please people look around us We should put our differences asides and get along WE ARE ONE NATION UNDER GOD please for one time can we get along we bleed the same blood. We just have to keep praying for our Country and our New President Obama.
I agree with the fact that they’re greedy! And it’s been happening for a while it’s funny how they’re slowly being placed in the light.. the love of money! I hope Mr. Obama put a clean stop to it all, it’s about time for CHANGE.
Interesting!
There is a very interesting place *** MillMatch C o m It ’s where you have the opportunity dreaming about dating a millionaire and make it true!
Obama I need to get paid rent-a-center keep calling and gonna take my furniture , will have to sleep on newspapers
David,
you people have commited so many nasty and evil crimes that have victimized so many innocent people of all races. and yet you still on here arguing and lying about black crimes. you are a big joke. you ain’t foolin nobody david. you call us victims but you can’t sing that song forever. sooner or later you people will pay for what you have done to non-whites and blogging on BET ain’t gonna protect your pale azz. every race that has come to this country has been victimized by you people david. there is no excuse for all the blatant racism that you post every day. your heart is black and you have no soul. one day God will deal with you personally and you won’t be able to hide behind your computer david.
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