xxxx

Okay, so I think every U.S. citizen that has been watching the news today knows why AIG was going to fail to begin with. I can’t believe that even though we (as taxpayers) own 80% of the company, it still can’t get it together.

The insurer has the president pretty angry too he said, “It’s hard to understand how derivative traders at AIG warranted any bonuses, much less $165 million in extra pay. How do they justify this outrage to the taxpayers who are keeping the company afloat?”

So, what was AIG thinking giving all that money to the derivative traders and other executives? Did the company simply think that no one would find out?

No wonder AIG couldn’t keep its own business afloat after the financial collapse…it can’t manage its own money properly, let alone money held by others.

Jeremy

View all posts by Jeremy
Jeremys website