By The People

There are fundamental flaws in how American government operates today,
contrary to the Constitution and the vision of a representative republican form of governance.
I intend doing something about it: by educating and informing others who
are not even aware of the dangers.

Saturday, March 14, 2009

AIG Paying Millions in Bonuses Despite Receiving Federal Bailout

AIG Paying Millions in Bonuses Despite Receiving Federal Bailout


By David Cho
Washington Post Staff Writer
Saturday, March 14, 2009; 5:25 PM

Despite receiving $170 billion in federal aid and recording a staggering loss for the last quarter, insurance giant American International Group is doling out tens of million of dollars in bonuses this week to senior employees.

Read the full story at: Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2009/03/14/AR2009031401394.html?hpid=topnews
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1 comment:

  1. AnonymousSaturday, March 14, 2009 at 7:53:00 PM PDT

    This is sick. Why in the world are we helping these companies that keep sending millions to people who do not know how to run a company? Furthermore, I fear this is just the tip of the iceberg. Look what Enterprise rent-a-car did to get bailout funds:


    http://www.butasforme.com/2009/02/25/alert-enterprise-rent-a-car-may-have-fired-employees-as-fake-evidence-when-lobbing-for-bailout-money/

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