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

**greysfang** · March 17th, 2009, 01:10 PM

Originally Posted by Grimmlok

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.

**darksithbunny** · March 17th, 2009, 01:13 PM

Dead yet? Any of them? Make sure we get the money back. Those fuckers.

**Little Wombat** · March 17th, 2009, 02:39 PM

Originally Posted by Grimmlok

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

Originally Posted by greysfang

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"

**KandyKorn** · March 17th, 2009, 03:26 PM

Where the fuck is Robin Hood when you need him?!

**gas_chick** · March 17th, 2009, 03:37 PM

Guess they should have let these companies crash and burn.

**cynic** · March 17th, 2009, 04:11 PM

^^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.....

**visitor42** · March 18th, 2009, 02:31 AM

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

**kingcap72** · March 18th, 2009, 03:03 AM

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.

**olivia** · March 18th, 2009, 07:11 AM

^^^ 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.

**LynnieD** · March 18th, 2009, 08:18 AM

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....

**travelbug** · March 18th, 2009, 08:52 AM

Originally Posted by LynnieD

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.

**cynic** · March 18th, 2009, 11:59 AM

Originally Posted by visitor42

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

....I'm not a Republican.....and it's called an opinion.....

Originally Posted by olivia

^^^ 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.....

**Sweetie** · March 18th, 2009, 12:04 PM

Originally Posted by visitor42

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.

**Fluffy** · March 18th, 2009, 01:27 PM

Originally Posted by hotncmom

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.