The_Kat Posted March 17, 2009 Report Share Posted March 17, 2009 Can you believe they are trying to still give bonuses after they took a bailout???? I hope they come crashing down! I am glad to see obama trying to stop it as he should! Quote Link to comment Share on other sites More sharing options...
gzilla45 Posted March 17, 2009 Report Share Posted March 17, 2009 The funny thing is they knew about these bonuses quite a while ago and chose to do nothing. Now that they have become public knowledge, he is screaming about it. Quote Link to comment Share on other sites More sharing options...
DocMort Posted March 17, 2009 Report Share Posted March 17, 2009 That is true gzilla they knew about it a few months ago if I heard correctly, and now The Messiah is mad because its all out. Quote Link to comment Share on other sites More sharing options...
Ravin R10 man Posted March 17, 2009 Report Share Posted March 17, 2009 Bail outs should NOT have even happened...but they did...I woulda had that stipulation right into the bill! Why would they care..its free money Quote Link to comment Share on other sites More sharing options...
stevebeilgard Posted March 17, 2009 Report Share Posted March 17, 2009 hey, our big wheels in washington knew all about the bailouts. this is just fluffing up the feathers to make them look good. aig will get all the money, and give it back to the politicians as "donations". we have a crooked washington, and it's getting worse. Quote Link to comment Share on other sites More sharing options...
wtnhunt Posted March 17, 2009 Report Share Posted March 17, 2009 Can you believe they are trying to still give bonuses after they took a bailout???? I hope they come crashing down! I am glad to see obama trying to stop it as he should! Kind of after the fact, but yeah I agree that Obama should be very concerned and should be attempting to do something about it. Quote Link to comment Share on other sites More sharing options...
Rhino Posted March 18, 2009 Report Share Posted March 18, 2009 I am glad to see obama trying to stop it as he should! I can't believe the govt. didn't properly do its due diligence!! This bonus issue brings to light a basic flaw in big corporations in recent years. There are a lot of other corporations out there that face the same problem of paying bonus incentives without any regard to performance. Quote Link to comment Share on other sites More sharing options...
mike13candace Posted March 18, 2009 Report Share Posted March 18, 2009 I was against the bailout from the begining... Quote Link to comment Share on other sites More sharing options...
muggs Posted March 18, 2009 Report Share Posted March 18, 2009 You guys are too much. Obama is stepping in, as Kyle mentioned he should, and you're still reaching to blame Obama some how. Just let it go, the guy's half black, he's from the north, and he's a liberal...he's also your President for nearly the next 4 years, barring impeachment (which I'm not ruling out considering Pelosi and some of his associates:D) so deal with it. You guys also realize Bush handed GM a huge bailout and now they're saying they need to file bankruptcy...meaning they'd stick Uncle Sam for the "loan" Bush, with his poor judgement, decided to hand to them. Wake up people. Quote Link to comment Share on other sites More sharing options...
Rhino Posted March 18, 2009 Report Share Posted March 18, 2009 You guys also realize Bush handed GM a huge bailout and now they're saying they need to file bankruptcy...meaning they'd stick Uncle Sam for the "loan" Bush, with his poor judgement, decided to hand to them. Actually GM is not saying that muggs. As of March 13th anyway. Check your facts bud. That bankruptcy statement came from an auditor's opinion. After the auditor's opinion GM actually made 2 statements the 1st week of March to assure its investors it wasn't interested in bankruptcy. Granted the auto industry as a whole is in a desperate situation right now. GM is making progress and moving forward with the restructuring plan that was agreed to with the govt. Quote Link to comment Share on other sites More sharing options...
wtnhunt Posted March 18, 2009 Report Share Posted March 18, 2009 You guys are too much. Obama is stepping in, as Kyle mentioned he should, and you're still reaching to blame Obama some how. Just let it go, the guy's half black, he's from the north, and he's a liberal...he's also your President for nearly the next 4 years, barring impeachment (which I'm not ruling out considering Pelosi and some of his associates:D) so deal with it. You guys also realize Bush handed GM a huge bailout and now they're saying they need to file bankruptcy...meaning they'd stick Uncle Sam for the "loan" Bush, with his poor judgement, decided to hand to them. Wake up people. Who is blaming Obama here Eric?:confused: Wake up huh? Some of us were against the Bush bailouts, or at the very least did not have a good feeling about them from the very beginning. Saying it is ok for Obama to continue on a path that will not work continuing to throw taxpayers dollars at the problem and printing more money just because Bush did it is well ........., you are a pretty bright guy you know better. Recognizing that the spending is not working and pointing it out is hardly bashing or blaming. I think every taxpayer who voted has a right to gripe about these execs taking these bonuses while the businesses they were supposedly managing were taking losses after taxpayers were put on the hook with the money this admin is giving these people. Obama should be asking questions, and he should be pressing this issue, his rating in part will depend on how he handles this and I am sure he knows that. Quote Link to comment Share on other sites More sharing options...
Rhino Posted March 18, 2009 Report Share Posted March 18, 2009 Here's an up to date article about some of the facts that are beginning to come to light pertaining the the prior knowledge of the bonuses before they were paid along with the administrations claim 2 weeks ago that they knew how every dime was going to be spent at AIG. http://www.bloomberg.com/apps/news?pid=20601070&sid=aZUxSgc2XvK0&refer=home Hummmmmm. Quote Link to comment Share on other sites More sharing options...
goodnottygy Posted March 18, 2009 Report Share Posted March 18, 2009 I am sick and tired of all politicains! They belong on prison like all of these executives. I am sick and tired of the left/right crap! I am simply sick of government screwing things up! The polotricktans do whatever they want, whenever they want, to whoever they want...don't you all get it? CROOKS!!!! Comprehendo?? Quote Link to comment Share on other sites More sharing options...
3whunt Posted March 19, 2009 Report Share Posted March 19, 2009 Can you believe they are trying to still give bonuses after they took a bailout???? It is easy to sit back and think like this. However, if you were in charge of the company what would you do to retain the employees that could help AIG get through this: not everyone at the company is to blame for it's failures. Any employee that is smart is thinking "why would I stay at a company that is in the tank-I should go elsewhere". Now if all the smart employees actually left, AIG would surely fail and then be taken over by the government: I think we all know how that would work out. They are giving the bonuses to retain the good employees. Now do I think this will work? I really have no idea, but I can stomach the bonuses given this situation. And yes, I do realize some of the people getting bonuses are to blame and don't deserve it. Quote Link to comment Share on other sites More sharing options...
ruttinbuc Posted March 19, 2009 Report Share Posted March 19, 2009 How many took the bonus and left anyway? Quote Link to comment Share on other sites More sharing options...
Adjam5 Posted March 19, 2009 Report Share Posted March 19, 2009 Remember this...The Obamites pushed the bailout deal through in about 4 days. If they knew there was money to be given out in bonus' then they are to blame because they went ahead with it anyway. If they didn't know, then they failed in doing their jobs in making sure the money was not used on bonus or on wasteful spending; for a company that was failing. The Treasury secretary was whose pick? Hmmmm... $173 Billion dollars they took of OUR money. Quote Link to comment Share on other sites More sharing options...
JJL Posted March 19, 2009 Report Share Posted March 19, 2009 You guys are too much. Obama is stepping in, as Kyle mentioned he should, and you're still reaching to blame Obama some how. I believe that Christopher Dodd is blaming O'Bama for this one..................here's a link. http://www.bloomberg.com/apps/news?pid=washingtonstory&sid=aT_tMXRy2vDs The worst part is that this whole AIG mess is a smokescreen. There's a whole bunch of crap getting passed in congress right now and everyone's busy watching the economy. This whole thing reeks of Chicago Politics....................Here comes "Barack" to the rescue. Quote Link to comment Share on other sites More sharing options...
Texan_Til_I_Die Posted March 19, 2009 Report Share Posted March 19, 2009 Excerpt from a Washington Post story detailing what went on in a recent AIG executive meeting... A sense of fear hung in the room — the palpable, unsettling kind that flashes across people's eyes. But there was anger, too. No one would express it publicly, of course. Who wants to hear a wealthy financier complain? And yet, within those walls off Danbury Road lies a deep sense of betrayal — first by their former colleagues, now by their elected leaders. The handful of souls who championed the firm's now-infamous credit-default swaps are, by nearly every account, long since departed. Those left behind to clean up the mess, the majority of whom never lost a dime for AIG, now feel they have been sold out by their Congress and their president. "They've chosen to throw us under the bus," said a Financial Products executive, one of several who spoke on condition of anonymity, fearing reprisals. "They have vilified us." Quote Link to comment Share on other sites More sharing options...
oldksnarc Posted March 20, 2009 Report Share Posted March 20, 2009 ...he's also your President for nearly the next 4 years, Maybe yours - but not mine. He has yet to produce or prove he qualifies for the office. But, that's another thread. Again, AIG and all the other financial institutions are in the position they are because the congress forced them to make bad loans to people who couldn't afford to re-pay them. Now congress makes it sound like the companies were managed wrong and the CEOs ran their companies into the ground. On one hand I feel the taxpayers shouldn't have bailed them out, but on the other hand realize had it not been for the government policies they wouldn't be in the positions they are so the government is responsible and they should be bailed out. But, the government is us - the US taxpayer. All this anger by congress about CEO pay is nothing more than posturing by congress. They knew exactly what they were doing and intentionally allowed for CEO bonus - thinking it would never come out. Chris Dodd got caught lying about it and is trying to blame Obama and staff at Treasury for forcing him to do it. Horse pucky. Dodd doesn't let anyone tell him what to do let alone staff at some department or agency. Pelosi, Reed, Dodd, Obama and staff are the best things working for the future of conservatives and the country - if we can survive them. Don't drink the kool-aid. Quote Link to comment Share on other sites More sharing options...
m gardner Posted March 20, 2009 Report Share Posted March 20, 2009 And now they will violate the constitution by taxing the bonuses 90% but only on those making $250,000 or more that recieved them. Pretty funny stuff. Not Ha Ha funny. Funny weird. Looks like our Benevolent Dictator is on the campaign trail again. Saw him on Leno. Mark Quote Link to comment Share on other sites More sharing options...
3whunt Posted March 20, 2009 Report Share Posted March 20, 2009 Another thing funny-weird about the AIG situation is that the same congress that passed a $1 trillion dollar "stimulus" package is now terrified about $150 million in bonuses to deserving people...people that will spend or invest the money....just what our economy really needs...like wise, the people receiving the bonuses are more than likely in high tax brackets, so a portion will go back to the Gov anyways...both state, local, and federal the democrats entire recovery policy is based on the ideas of Mr. JM Keynes....His theory to get a country out of a recession was to dump money into and that it doesn't really matter where you dump it ...."bury cash in jars, and people will start mining"... not sure if it is the best way...but then again, nobody knows. The new democrats' stipulation on his theory: dump the cash where it only aids poor people/communities...the people/communities that mismanage their money so badly that no good can come of it. And the kicker, they are using tax payer dollars to ensure they get re-elected. someone shoot me, please! Quote Link to comment Share on other sites More sharing options...
ultratec1 Posted March 24, 2009 Report Share Posted March 24, 2009 I'm not to sure how AIG can justify the bonuses. They are saying that this is the best way to keep employees in the company, but why in the world would you want to keep the same higher management that got you in the mess in the first place? Give them money to stay for doing a crappy job in the first place and hopefully they will stay so they can do a crappy job in the future????? Huh??? Makes a bunch of sense to me. Quote Link to comment Share on other sites More sharing options...
Adjam5 Posted March 25, 2009 Report Share Posted March 25, 2009 There were some profitable sectors of AIG that did not lose money. The sectors that did lose money were mostly foreign sectors, so the bailout money will eventually go over seas and not help the USA at all. Also some of the people who got retention bonus' left AIG anyway. Big Big scam... Quote Link to comment Share on other sites More sharing options...
fly Posted March 29, 2009 Report Share Posted March 29, 2009 I was glad to see at least something being done about the AIG bonus money as well as hearing Obama's comments. From what I've heard so far most of it will not be given back and I don't know what will be done about that?? Hopefully the death threats were "just threats" and regretable words written in haste. As much as I disagree the death threats went to far. I heard on the news that a possible tax of 90% would be instituted on the bonus money which would get a lot of it back? Sounds reasonable, anyone with news on this? I'd also like to say I feel it is essential for these discussions to have varying opinions. Many of you may get tired of hearing from Muggs, but I'm always glad to see his posts even if I don't agree with everything he says. Ask yourself one question.... If Muggs posted a question in the hunting gear room would you avoid answering or help him out with an answer if you could? My guess is that most (if not all) would help. That my friends is what is needed to bail this country out. One of the most disapointing things I've seen since the new adminsitration took office is the escelating division between democrats and republicans and their being able to work together. Unfotunatley I don't see it getting any better. Quote Link to comment Share on other sites More sharing options...
wtnhunt Posted March 29, 2009 Report Share Posted March 29, 2009 I heard on the news that a possible tax of 90% would be instituted on the bonus money which would get a lot of it back? Sounds reasonable, anyone with news on this? Last I heard Frank, there was some question still on that tax. Will have to do some checking tomorrow when I get a little time to see where that ever got to. I'd also like to say I feel it is essential for these discussions to have varying opinions. Many of you may get tired of hearing from Muggs, but I'm always glad to see his posts even if I don't agree with everything he says. Ask yourself one question.... If Muggs posted a question in the hunting gear room would you avoid answering or help him out with an answer if you could? My guess is that most (if not all) would help. That my friends is what is needed to bail this country out. Don't think anyone is avoiding Eric, think many of us here have attempted to enlighten Eric to our own views on certain issues and the reasons we have for where we stand on those issues. I agree that good debate takes two sides, not much of a debate when everyone agrees all the time. Kind of like good debate myself, not likely I am going to change my mind, but it does make me think and question why someone has a differing opinion. Also it might help others see and help them even though they do not actively participate. One of the most disapointing things I've seen since the new adminsitration took office is the escelating division between democrats and republicans and their being able to work together. Unfotunatley I don't see it getting any better. Don't see where that came as any surprise to anyone, and the liberals are even in total control. Seems at this point the libs cannot even get along with each other. Yes that does go back to Obama's leadership which some of us have questioned since his name started being tossed around after he did the Oprah show. And no it will not get better until some real changes come. Hopefully some changes in the right direction will come in 2010. Quote Link to comment Share on other sites More sharing options...
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