Thursday March 19, 2009, 4:50 am
Liddy did not get where he is by being an idiot. He knew there would be public out cry. He also new that the contribution of over $100,000 to Obama & MaCains campaigns would come out.
He knows that people are starving, homeless, jobless, etc..
Our $170 billion is giving millionairs millions.
The question is why? Who knows and who cares. Libby did you knowing people would get angry.
The next step is, what are we going to do about it? Yes get angry. I am.
Ask for it back? They are not going to give it back. We need to take it, it is our company. Make AIG into smaller corperations. Too much control in just a few people. I am not saying more government, I am saying us, the Americans who know what it is like to struggle. Who appreciate hard work.
Life can be simpler.

Thursday March 19, 2009, 11:40 am
This is brilliant.
Today is Thursday
Did this bill pass?

House lawmakers will vote on a bill on Thursday to recoup most of the bonuses paid to AIG executives. The bill would impose a 90 percent tax on bonuses for executives whose incomes exceed $250,000. The tax would apply to executives of any company that received at least $5 billion in government bailout money.

Thursday March 19, 2009, 12:28 pm
Isn't it funny that these companies MUST honor contract obligations and give out bonuses, but if it's a union contract they can just throw it out?

Thursday March 19, 2009, 12:30 pm
Elijah Cummings Knew About $1 Billion in AIG Bonuses for "Months" -- Why Didn't Timothy Geithner?

.....

But Cummings' questions, which came late in the day, should have grabbed the headlines. In his opening question to Liddy, he said:

The media has been focused on the $165 million installment of the $450 million retention program for AIG Financial Products Division. However, for months, you and I have been going back and forth overall about the one billion dollars retention program that covers thousands of employees throughout AIG.

As Marcy Wheeler points ot this morning, Cummings then destroys Liddy's story that he was only given the "distasteful" task of paying out bonuses approved by others that he would never have allowed. From Liddy's Dec. 5 letter to Cummings:

On September 18, 2008 AIG's compensation committee of the Board of Directors approved retention payments for 168 employees.

Thursday March 19, 2009, 12:33 pm
They need to return ALL the money.Tax payers are not responsible for paying their bonuses.That is not what the money was suppose to be used for.They must give back all the money and AIG doors closed.

Thursday March 19, 2009, 2:12 pm
Do you guys realize Liddy was asked by the government to come out of retirement to run AIG and his compensation is $1 per year?
So he sits in front of the congress, the same congress who wrote into the stimulus bill the authorization to PAY the bonuses in the first place, and listened to the real crooks lambast him over it for $1 a year. How many of us would have put up with that?

Thursday March 19, 2009, 2:23 pm
House Approves Bill That Would Tax AIG Bonuses

Lawmakers vote, 328-93, to impose 90% tax on $165M in payouts. Move is aimed in part at persuading recipients to voluntarily return funds

Thursday March 19, 2009, 2:26 pm

Not being of a business mind or pedigree, I would suggest that so-called, 'Retention Bonus' only come after
'Performance Quota'.

These people are thief's, win or loose.

Thursday March 19, 2009, 2:35 pm
This is really a bunch of holes and serious hoopla.
Thanks Blue. Interesting input there.

Timothy Geinther was specifically selected according to Obama because He is the Only One That Fully Knows What and How The first 700B was scattered (paid out). "The Only One" "The Specialist in on it from its birth".

Thursday March 19, 2009, 2:36 pm
oppps meant to include from the article Blue mentioned:

Treasury Secretary Timothy F. Geithner, a central figure in the decision to bail out AIG last fall as president of the Federal Reserve Bank of New York, said in an interview yesterday that he had not been aware of the size of the bonuses and the timing of the payments.

"I was stunned when I learned how bad this was on Tuesday [March 10]," Geithner said. "I shouldn't have been in that position, but it's my responsibility and I accept that."

Thursday March 19, 2009, 2:46 pm
Exactly Mark. Congress put that authorization for bonuses into the bill and voted to pass it. Bad enough if they knew it was in there, even worse if they didn't because that means they aren't paying any attention to the load of crap inserted into the bill. Just hurry up and pass it regardless of whether you know what it says. Bunch of hypocrites! Thank you to everyone who voted NO!

Thursday March 19, 2009, 8:26 pm
THEY SHOULD ALL GIVE THE BONUS MONEY BACK !!

Thursday March 19, 2009, 9:59 pm
Take it all back. They created a cloud that never had any substance. Now it started raining because the cloud became too heavy to support them all. Time to get back to earth, rathe than the Govt. topping up the cloud. It was all based on selling a hipe of quick riches. Brake up AIG into smaller companies with Govt. supporting the real victims. Bonuses? They lost money so they should pay back part of their salary. Retention? Who needs them if the company is prevented from creating a cloud (read derivatives) again?