And…AIG goes into hiding.
From: PunditKitchen.com
Cuomo: 73 AIG Executives Got $1 Million Bonuses or More
“These payments were all made to individuals in the subsidiary whose performance led to crushing losses and the near failure of AIG,” Cuomo said in a letter today to Rep. Barney Frank (D-Mass.), the chairman of the House Financial Services Committee. “Thus, last week, AIG made more than 73 millionaires in the unit which lost so much money that it brought the firm to its knees, forcing a taxpayer bailout. Something is deeply wrong with this outcome.”
AIG spokespeople could not be reached for immediate comment.
Well no kidding. Raise your hand if you’re surprised. Keep a bucket handy if you read the entire article. It’s almost guaranteed to make you hurl.
P.S. The conspiracy theorist in me is wondering, while all this bluster and blow is happening around AIG…what news is NOT being heavily reported? This whole AIG thing is plenty big and distracting and a whole lot to deal with, but…doesn’t it just feel like a “look at the right hand, not the left!” kind of thing? Heh. ”not the left“…I’m punny. ;)
