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Report: AIG asks gov't to approve bonus payments (AP)

After its bonus payments ignited a firestorm of criticism earlier this year, American International Group Inc. is asking the federal government to weigh in on the insurer's plan to resume paying millions in promised retention incentives next week, according to media reports. » Full Story on Yahoo! Finance

This is a Joke, right?
Do these folks think they are putting one over on the American Taxpayer AGAIN?
And why does AIG have to pay employees to stay on? Can they get a new position elsewhere and help the economy?
!@#$
I'M MAD AS HELL AND I WANT SOMETHING DONE.
WE ARE NOT STUPID OUT HERE IN THE BOONDOCKS.

posted Jul 10, 2009 |
+30
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Without the public money, they would be joining the 9.5 % of the umemployed peoples. They should be thankful to the people for having their jobs now.
I believe there is something wrong with the top managment's mentality. They do not feeling shamefull at all. May be they need to loose their jobs to change their thinking.

posted Jul 10, 2009 |
+30
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They are kidding right? Bonus for what driving us into this mess. Your lucky the rest of America doesn't come chase you down and tar and feather your greedy behinds, get a clue.

posted Jul 10, 2009 |
+29
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Make them greedy executives eat gruel ! Cake is too expensive these days!

posted Jul 10, 2009 |
+17
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Only after they pay me a multi-million dollar bonus for paying their way to get to this point.
How can these people beg from or be bought off by the Government cause of bankruptcy and then do this.
Another way of paying off ACORN and Obama supporters ?

posted Jul 10, 2009 |
+18
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I thought we owned AIG too? But with all the double talk coming from media and Washington, who knows what is true anymore. Maybe this is just a distraction from something else Govt is gonna try and sneak thru. Especially since its friday and most people not paying attention.

posted Jul 10, 2009 |
+21
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We have got to go to the polls and vote out the incumbents; if you like them, hate them, related to them; doesn't matter, vote them out !! If we give the pink slip to 150-200 members of Congress in 2010; they will be all ears when we speak from then on; now, they don't hear us.

posted Jul 10, 2009 |
+22
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All I can say is know one Bush for these approved bonus payments to AIG. President Barack Obama is doing a great job lining the pockets of these guys and the states that voted for him.
Wake up people, I am a single mother not in debt making less the $35, 000 a year. Yet, my daughter could not get any money to help her with college because I was not in debt an owned a home. I will tell you, Washington SCREWS people who live on the money they earn and do not take HAND OUTS. What is wrong with this picture?

posted Jul 10, 2009 |
+24
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FKNAMAZIN...and they'll allow these filthy C-Suckers to do it...Bonuses paid with public money to the same A-Holes who sunk the nation in decades od debt...!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!...WTF is our nation coming to!
These people should have their heads slung low in gratitude...instead, they're asking when their next million dollars bonuses will arrive.
ROME IS BURNING , PEOPLE!
welcome to the great american desolation...get your passports ready...the parasites are nearly ready to make the jump...follow or starve.

posted Jul 10, 2009 |
+16
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it's because of A-Holes like these bonus recipients, that we have people living in boxes and tent cities across america....and they have the profound /insane audacity to ask for bonuses...THEY SHOULD BE TARRED, FEATHERD, STOCKED, AND IMPRISIONED FOR LIKE IN A HARD LABOR COLONY SOMEWHERE LIKE ANTARCTICA!!!!!!!

posted Jul 10, 2009 |
+17
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retention bonuses should be outlawed by congress in response to this...right across the board...these Jerk-Offs would be unemployed if WE THE PEOPLE had not assisted them...AND NOW THEY WANT BONUSES!.....F-OFF AIG....WE SHOULD BOYCOTT THEIR ASSES AND CALL EVERY LEGISLATOR IN DC....UNFKNREAL!...CORRUPTED PIECES OF EXCREMENT!..s*** IS CLEANER THAN AN AMERICAN BIZZNISSSSSMAN!

posted Jul 10, 2009 |
+11
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m*****f*****

This is just like my teenager who asks over and over the same question....pretends to listen and understand...and then asks the same question over and over....always wanting something to benefit her.

For the love of Christ....how about dismantling AIG and sending their management to Afghanastan to live with the Taliban (and die with the Taliban.

Barry Hussein the Kenya Mafioso is the biggest load of crap ever presented the US public...what a friggin' wuss.

posted Jul 10, 2009 |
+12
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This shows you can fool all the people all the time if they are Americans.

posted Jul 10, 2009 |
+10
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I see a lot of people are astonished here. Folks, what's astonishing is not that the companies continue to ask, its that the government continues to give. The US government gave these banks money with very few strings attached. The same people at these banks who helped put us here are still in their positions, as incompetent as ever. I can tell you that Wall St in general is full of idiots, people who are there only to make money and nothing more. Earnings are a benchmark on Wall St, the more you earn, the more likely you are to get promoted. So as long as the government allows the money to literally disappear, this will continue. Is there anything you can do about it? Yeah, stop voting in the same azzholes you vote in year after year after year after year after year after year. Just vote for a regular person who wants to do the right things, not a career politician whose best skill is conning and making speeches.

posted Jul 10, 2009 |
+15
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They should be indited for fraud, instead they are asking for bonuses! These people are no better than Madoff, yet they are so arrogant, they want us to believe they are talented and irreplaceable. A merciless bankruptcy is what the small business owner would have to do, and AIG should have to do the same, end this double standard nonsense. Our money hasn't bought us anything with these companies except, more debt. I suggest we find them a nice cell next to Madoff and call it a bonus that they weren't placed in with the general population!

posted Jul 10, 2009 |
+16
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i agree Breakfast, but i would not so lightly dismiss the insane greed of american businessmen...they care NOTHING for our nation...they are as unpatriotic as people come....and they're the reason we're in the position we're in ...i think banishment would be a good start, both for them , and their pals in congress who keep funneling the money to them....banishment vs bonus...hmmm...let me see...that's a tough one...
hey...imagine nearly bankrupting your company with some bad calls and then going in to the bosses office and asking for a retention bonus....LMAO...IT'S HILARIOUS...IT'S INFRKNSANE!....and then being strongly considered for one...UTTERLY INSANE!

posted Jul 10, 2009 |
+9
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The main bosses of this country own a large chunk of AIG and they will get their money or nobody that they control will loan money and the economy will fail. It is as simple as that!!!

posted Jul 10, 2009 |
-4
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THESE INEPTS should be bowing their heads in shame and gratitude to the american people...INSTEAD, they're demanding bonuses...MAN, I SAY TAR...FEATHERS...STOCKS...AND LIFE IN A HARD LABOR CAMP (SOMEPLACE EXOTIC...ANTARCTICA OR THE MOON)
i'll go out on a limb here and state that these people are genetic aberrations of some sort...very dangerous...very insane....and must be culled from the herd , if we are to survive...they need to be removed to a remote location where they cannot interfere with the running of the world.

posted Jul 10, 2009 |
+7
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Why the AIG's managers don't tell us nothing about the company? And why the gov't don't change the AIG's managers?
I agree jack: i'll go out on a limb here and state that these people are genetic aberrations of some sort...very dangerous...very insane....and must be culled from the herd , if we are to survive...they need to be removed to a remote location where they cannot interfere with the running of the world.

posted Jul 10, 2009 |
+3
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We own a majority stake in AIG after we flushed BILLIONS of tax dollars down the crapper keeping them a float. Unfortunately we voted for this and elections have consequences. I don't care what athletes, entertainers or CEOs get paid, as long as it doesn't come from taxpayer funds.

Here's to Hope & Change

AKA TAX & SPEND

AKA FRAUD & ABUSE

posted Jul 10, 2009 |
+5
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"To approve payments in order to head off any public outrage"...
Yea....ok....Did they actually think about that statement before it came out of the mouth!! If it's the money that came from the Gov't then no, they should not be awarded such "bonus's" but if it's money already earned from the business before the Gov't gave it to them, then yes, they are entitled. But because I am a practical thinker I would say this is not AIGs' money, it came from tax payers! What a bunch of bull pucky to even have the gall to ask!

posted Jul 10, 2009 |
+3
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WTF??? This is an outrage. I swear if the Government gives into this, there should be a beheading to the CEO`s and the Government officials who gave into this. Once again I`m sure the CEO`s aren't even doing there jobs anymore, they are too busy fighting everyday at work to get their bonuses, instead of reforming plans to fix this economy that they messed up so severely. I think AIG need to be shut down unless the can make new contracts for now on stating you get a bonus due to performance, and the situation the economy is in. Meaning if the American people had to bail you out with billions in t ax payers money then you don't get A f***ING BONUS!!!!

posted Jul 10, 2009 |
+11
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Sure - why not give yourselves bonuses - and how about some taxpayer funded vacations too. After all - it's summer time. Our politicians give themselves everything and do a horsecrap job. Why not you too. How much more of this are we taxpayers going to take?? We thought we would get "change" from Obama but instead the change we got was being screwed worse than any other has done to us. Meanwhile - the "moveon.org" that gathered all us college kids behind Obama turns out to be scam of a group funded by someone who has robbed more out of the US and so many countries in poverty than perhaps any other person in history. So it turns out that ALL politicians and their backers are nothing but crooks. We need fresh kids out of college not these career "organizers" who herd us like sheep to get them into power and then slaughter us once they get in power.

posted Jul 10, 2009 |
+9
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And P.S. I am still waiting for my food stamps to help feed my family! In stead I have to go get free food from other sources. And these aces have the audacity to ask for bonuses!! To all you nay sayers on Public Assistance- I have a p/t job, (took me a yr. and a half to get that) I am not fat and I am white).

posted Jul 10, 2009 |
+4
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People. Where do you think the government borrows all this money to fund their bottomless pit social programs? They borrow from banks and insurance companies. The government bails out the banks and insurance companies and then turns around and borrows the money back from them. And why would the banking and insurance industries not jump at a deal like that. They get to charge the government interest to loan them back their own money (i.e. our tax dollars in both cases). And yet there are people who want the government to manage their healthcare also. Go figure.

posted Jul 10, 2009 |
+3
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it's possible to produce a thing and generate reasonable profit.
that is the kind of business that is good for america...
we lost sight of that;and so the unions arose, bringing leverage for a fairer share of the wealth, but, generating a new brand of insanity and corruption...
if we could learn to live and let live;take enough to live well, but do not take to the extent that there's nothing left for anyone else.
we need to rebuild the industrial base of our nation.
we've seen now how quickly a 'paper' economy can go down in flames, leaving nothing but ash.we need to start making things, everything, here in america again.and the government, a rational government, needs to act as liaisson between labor and management, so that neither side of that equation strays into an unbalanced state...inflation would drop, employment would rise,the dollar would become strong again.nothing but good could come of this.we have to rethink the way we think about capitalism

posted Jul 10, 2009 |
+2
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what do u expect from a admin. that squashed 120,000 page report on who was involved in the 911 tragedy they named 4 princes from sudia (obamas brothers) they found evidence in the fbi files the list goes on yet ur pres. whom u voted for stoped this dead cannot go to court.
but has no problem passing bills 20mil and now wants 800 mill to gring the hamas to this country. Why? also now is searching all our teaties with other countries to see if there is something in there to get our guns . WHY? went to moscow promisied to stop our missle shield in europe right now only defense against middle east nucs. WHY also ant talk about stopping imigration is done. WHY? (we al no this is about votes) no work well as a country u have so much work for so many people, when u emport (china)more than u make it means no work, the next stop is india

posted Jul 10, 2009 |
+2
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the fact that ANY business entity should EVER be allowed to become so big that it cannot be suffered to fail, violates every caveat of SANE capitalism and the free market economy...we've allowed these maniacs to run amok and it's destroying our economic base, which tends to destroy everything else...we need to start making things again in america...paper economies always burn...WE NEED TO UNSEAT THE MANIACS and start over....we'll be stronger for it.

posted Jul 10, 2009 |
+7
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noe the dept of ag is going to tell the scholls what kinda food will be on the menu everyday. new bill being past by obamas admin is that each new born in amer. will get a 500$ saving account on day of birth there are 20 million born in u.s. a year where is obama going to get that money from?? and why? i can open my own account can't u for ur kids. can u imagine how much the paper work will cost. i bet the banks are drooling rite now at the charges they use to maintian these accounts o by the way they are voting on this next week

posted Jul 10, 2009 |
0
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Everybody lube up , the government it going to ask you to bend over again !

posted Jul 10, 2009 |
+6
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