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Thread: More AIG fun! Senator Charles Grassley says AIG execs should quit, or kill themselve

  1. #16
    Elite Member greysfang's Avatar
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    Quote Originally Posted by Grimmlok View Post
    i like how Obama's admin is saying they can't breach contractually obligated bonuses... yet the auto industry breached how many contract obligations to survive?

    interesting double standard

    Not really. Its a quirk of Connecticut employment law that AIG would probably end up paying triple for withholding bonuses that are in the employees' contracts.
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  2. #17
    Elite Member darksithbunny's Avatar
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    Dead yet? Any of them? Make sure we get the money back. Those fuckers.

  3. #18
    Elite Member Little Wombat's Avatar
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    Quote Originally Posted by Grimmlok View Post
    i like how Obama's admin is saying they can't breach contractually obligated bonuses... yet the auto industry breached how many contract obligations to survive?

    interesting double standard
    Quote Originally Posted by greysfang View Post
    Not really. Its a quirk of Connecticut employment law that AIG would probably end up paying triple for withholding bonuses that are in the employees' contracts.
    Plus, I believe, the automakers renegotiated their labor agreements - aka "concessions"
    "Oh! I've been looking for a red suede pump!"
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    Elite Member KandyKorn's Avatar
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    Where the fuck is Robin Hood when you need him?!
    I'm not quite drunk enough to really care, but is this her violation of her violation of her violation of her violation of probation or her violation of her violation of her violation of her probation????? ~MontanaMama on LL's latest arrest.

  5. #20
    Elite Member gas_chick's Avatar
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    Guess they should have let these companies crash and burn.

  6. #21
    Elite Member cynic's Avatar
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    ^^that's why we used to call it capitalism.....now we call it socialism....and look how well it works....kind of like anti-financial Darwinism....the weakest get bailed out.....pfft.....and the rich get richer under the Democrats the same as under the Republicans.....

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    That's a stupid and hateful statement even by Republican standards.

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    Elite Member kingcap72's Avatar
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    As much as I would like to see companies like AIG crash and burn, they've become too big to fail because of rampant deregulation. The government should start using the anti-trust laws to break them up, and then put the proper regulations in place so these companies can't get this massive again.

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    ^^^ so right, kingcap. There are even successful models to study, of other countries who believed in the "genius" of deregulation and had to rabidly make an about-face.

    Cynical thinking - "Oh they're all the same!" - helps no one.

  10. #25
    Elite Member LynnieD's Avatar
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    Well, latest that I read today was that the Fed might tax the bonus's 100%. That would take care of that. Not sure THAT is legal either though....

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    Quote Originally Posted by LynnieD View Post
    Well, latest that I read today was that the Fed might tax the bonus's 100%. That would take care of that. Not sure THAT is legal either though....
    Well, Congress can MAKE it legal by passing a bill with the appropriate language. However, it would be tied up in court for years, possibly even making it to the Supreme Court, costing taxpayers millions in the process.

  12. #27
    Elite Member cynic's Avatar
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    Quote Originally Posted by visitor42 View Post
    That's a stupid and hateful statement even by Republican standards.
    ....I'm not a Republican.....and it's called an opinion.....

    Quote Originally Posted by olivia View Post
    ^^^ so right, kingcap. There are even successful models to study, of other countries who believed in the "genius" of deregulation and had to rabidly make an about-face.

    Cynical thinking - "Oh they're all the same!" - helps no one.
    ....well, throwing tons of money at a problem before thinking much about it doesn't seem to be helping either.....

  13. #28
    Elite Member Sweetie's Avatar
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    Quote Originally Posted by visitor42 View Post
    That's a stupid and hateful statement even by Republican standards.
    Well now you two are even, since yours was just as stupid and hateful.

  14. #29
    Elite Member Fluffy's Avatar
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    Quote Originally Posted by hotncmom View Post
    Well, Congress can MAKE it legal by passing a bill with the appropriate language. However, it would be tied up in court for years, possibly even making it to the Supreme Court, costing taxpayers millions in the process.
    Doubtful. The real question is whether these AIG employees even live in the US. Some work in a London branch from what I've heard.

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