AIG Chief: Give It Back

Bailout Capitol Hill  Update:
Edward Liddy asks employees to voluntarily return bonuses paid for by federal money
by Associated Press
Published: Wed, March 18, 2009 - 7:49 am CST Last Updated: Wed, March 18, 2009 - 12:09 pm CST
WASHINGTON (AP) - The head of financially strapped AIG is
telling Congress he's heard the rage over executive bonuses and has
called on employees to voluntarily return at least half of the
money.
Testifying under oath at a congressional hearing as intense as
any in recent memory, Edward Liddy said that some workers there
already have stepped forward to give money back.
Liddy, who is chairman and chief executive officer of AIG, told
a House subcommittee that the bonuses could be defended legally as
a legal obligation of the company. But he also said that given the
national uproar, he asked those who got "retention payments" over
$100,000 to return at least half of it.

(Copyright 2009 by The Associated Press. All Rights Reserved.)


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The people of Conn. need to get rid of Dodd.  Maybe we should look at getting rid of a lot of the politicians making 6 digit salaries and having expense budgets that are higher than our salaries.  If they are so busy that they can’t make time to read bills before they pass them.  Maybe we could let these bailout companies pay the salaries of the Congress and we could save a lot of money.

shep was waiting to say that and a lot more on break, wonder if chris dodd will return his bonus from aig.

It is all show!  Chris Dodd is practically on their payroll and he is the one that put the wording in the bill that let them pay out the bogus bonuses!

They should all be tried for treason or something….

they are on break now, but shep s.  is tearing congress up. says its all show, you should see the money chris dodd got from aig.

No, can’t watch TV from this location.  I’m reading a few highlights.

I have a problem with all these politicians trying to use Liddy as a whipping boy.  They are co-conspirators in this mess, because they didn’t bother to read the stimulus bill before they signed it into law.

If I was Liddy, I would give them their dollar back and walk!

bamabob are you listening to the aig hearings?

The claim is that the company is so big with so many tentacles into every aspect of the economy that if it failed it would take down the rest of the country with it.  Not sure I believe that one and I was not for the first bailout, much less the ones that followed.

The government did play a role in this catastrophe.  Clinton should not have repealed the Glass-Steagall Act to start with and it goes on from there…

Big question is what to do with this garbage company now that we (the tax payers) own over 80% of it?

If thats the case then why did obama help them out
? the taxpayers should not have to pay for someone else’s mistakes! take the small man for example if he/she makes a financial mistake that leads to failure, the goverment will not bail them out, so why should the goverment bail out this company? The goverment didn’t make the mistake!

AIG was a solid company until it started messing around with mortgage derivatives.  That small branch of the corporation about put them out of business and dragged the rest of the economy down with them.

The bailout bucks have gone through AIG and on to foreign banks that were insured by these gangstas.  Now they are giving bonuses to the very jerks that created this mess and most of those guys are in England!

Our government really let us down on this one.  They didn’t know what to do with a company like AIG, so they did nothing.  Now it is time to pay the piper….

if obama would have taken all stimulus packages and divided it between the tax payers , in return the money would have went directly back into the economy. by doing this people would be paying off debts, suchas , morgages, credit cards , autoloans; etc….  this may not have turned the economy competely around but it would have made a great start.  take this company for example (aig) their spending the money on the employees and making them rich at the taxpayer expense. by doing this it is not helping the company at all. if the stimulus went to the taxpayers the people could afford to pay for their insurance, therefore keeping AIG out of financial hardship. 
  Obama and congress could even divide the stimulus up to help our school and healthcare problems!

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