“They just can’t help themselves, can they? Call it “retention pay” or “cash bonuses” or some other euphemism — but the fact is that your tax dollars are going to reward people who are lucky to even have jobs. There should have been a housecleaning that swept the entire top level of managers out on their asses for playing a role in the financial crisis that is hurting millions of people.
I have not seen this reported in other mainline traditional media. But, this is a scam.”
Well, on the eve of Thanksgiving, obviously knowing the markets would be closed on the holiday and obviously knowing that just before the holiday few people would pay attention, AIG actually notified regulators that, well, yes, bonuses would be given out, as Bloomberg News and The Financial Times reports today.”
Read the whole story here.