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Post by Clipper on Mar 21, 2009 10:12:55 GMT -5
What is with the bonuses anyhow! What happened to doing a job for a fair wage, and being happy to be paid that wage. Believe me when I say, I believe that these people didn't take the job out of a desire to give of themselves. They took the job as a result of a really BIG monetary incentive to take it on. What they are paid as executives should be more than adequate, without adding these bonuses to the mix.
They have not worked LONG enough to rate a bonus, and the problem is FAR from solved, so what is with the bonus program anyhow?
I don't give a damn if they caused the problem, or are solving it. There IS NO ROOM in the present financial arena for paying ANYONE bonuses with the taxpayers hard earned dollars. What the hell, some guys are sitting home on unemployment after being laid off from jobs they held for years, and the government wants to take THEIR tax dollars and pay some muliti millionaire a bonus. That is just plain crass, "in your face" BS from the usual players in DC and on Wall St. both. IT HAS TO STOP! Period.
The money needs to trickle back down to those who NEED it, and to those programs that will jump start the economy at MY level, not theirs. It needs to come to the average american, so he can buy his kid a pair of shoes, not go to some millionaire so he can pay someone else to polish his Gucci loafers. What the hell.
The only "Change" that I have seen so far, is a "change" in the names on the roster of players. Same game, new team.
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Post by frankcor on Mar 21, 2009 10:59:19 GMT -5
Thank you, Dave. Coming from you, I take it as an extreme compliment.
I'll share the congressman's response with everyone as soon as I receive it.
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Post by frankcor on Mar 21, 2009 11:03:43 GMT -5
Clipper, you're still buying the lies of the political liars and thieves.
I repeat. These were NOT performance bonuses. They were RETENTION bonuses. They were offered to keep these technical experts on the job just long enough to unload the $2.3-trillion piece of crap we bought when we nationalized AIG.
The bailout has actually worked. These experts have managed to wind the piece of crap down to $1.6-trillion. Unfortunately, they're going to bail when the thieves you chose to believe confiscate the bonuses.
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Post by dgriffin on Mar 21, 2009 11:11:19 GMT -5
What is with the bonuses anyhow! What happened to doing a job for a fair wage, and being happy to be paid that wage. Just the way business is done on The Street. You want me to use a special skill and my connections to do something for you? Let's negotiate. I'm not going to work a deal involving millions for a wage. I want a part of the action. How about $5 million? No? OK, 2.5? Oh... you wanted an accountant? Call Temps R Us. I'm a Deal Maker. Compensation is according to value. Value is negotiable. After all, it's the stock market. Everything is negotiable.  |
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Post by dgriffin on Mar 21, 2009 11:17:31 GMT -5
when the thieves you chose to believe confiscate the bonuses. Could it be? Hadn't thought of that. Chris Dodd's nephew takes over one of the jobs and gets a negotiated 7/8 ths of the bonus when an expert bails. He's just out of Biz School, but he's got the makings of a Deal Maker. And he's willing to give half of it back to Dodd's campaign coffers. Neat. Where do I get an uncle like that? Seven sixteenths is fine by me. |
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Post by frankcor on Mar 21, 2009 11:21:32 GMT -5
If he's smart enough to wind down some of those contracts without losing our shirts, I say pay him.
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Post by frankcor on Mar 21, 2009 11:22:48 GMT -5
If we took all the Harvard and Yale economists and lined them head to toe along the bottom of the ocean ...
it would be a good start.
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Post by clarencebunsen on Mar 21, 2009 11:34:53 GMT -5
frank,
Please let us know if you receive a response from the Congressman that has any meaningful content.
Depending on my mood, I am amused or infuriated when a keyword in something I send triggers a non-responsive response.
I would not be surprised if you get a reply on the order of "Thank you for your support of my efforts to recover the AIG bonuses."
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Post by Clipper on Mar 21, 2009 12:29:10 GMT -5
You are 100% correct Frank. With the surgery and not being fully "with it" this past week or so, ( not that I EVER am) I have not kept abreast of the situation and was misunderstanding the jist of it. I am not qualified to comment, so I simply retract my comments, and will concede to those of you who ARE informed, while I sit back and LEARN, hahaha. From what I am hearing on cable news and reading online, I am becoming better informed, thanks to your wake up call, and pointing me in the RIGHT direction.   |
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Post by frankcor on Mar 21, 2009 13:33:13 GMT -5
Clipper, none of us are qualified. There are no qualifications for being the people. It comes from the creator.
You're not alone in falling for the lies. Most Americans have fallen. The liars are skilled and highly motivated. If they aren't good at it, they'll have to find honest work.
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Post by Clipper on Mar 21, 2009 15:01:34 GMT -5
You are correct in that many of us have fallen for the lies. I simply misinterpreted what I have been hearing and hadn't kept abreast of the situation. I was under the impression that SOME of those getting bonuses were the same crooks that took the company into the toilet to begin with. Being at least "semi_informed" IS a qualification that one should possess before jumping into the discussion, LOL. |
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Post by frankcor on Mar 21, 2009 19:12:11 GMT -5
Well, at least now you're smarter than Mike Arcuri. Or at least more honest.
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Post by dgriffin on Mar 21, 2009 19:49:21 GMT -5
I didn't know it either, Clipper. I just began to suspect it and a quick post here drew out Frankcor's expertise.
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Post by Clipper on Mar 21, 2009 21:31:01 GMT -5
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Post by dgriffin on Mar 21, 2009 23:42:15 GMT -5
 The Problem With Flogging A.I.G." ... it is in the taxpayers’ best interest to position A.I.G. as a company with many profitable units, worth potentially billions, and one bad unit that needs to be unwound. Which, by the way, is the truth. But as Mr. Ely puts it, “the indiscriminate pounding that A.I.G. is taking is destroying the value of the company.” Potential buyers are wary. Customers are going elsewhere. Employees are looking to leave. Treating all of A.I.G. like Public Enemy No. 1 is a pretty dumb way for a majority shareholder (The US Government) to act when he hopes to sell the company for top dollar." www.nytimes.com/2009/03/21/business/21nocera.html?_r=1&em |
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