The current AIG CEO isn't they guy that signed those contracts. He was brought out of retirement from to help cleanup AIG. Those contracts are not his fault.
What is scary is the gov has passed a bill to tax the piss out of those legal contracts. That scares me. Why didn't they just open the contracts and renegotiate just as the UAW has? Making a law that enables the gov to void a legal contract is scary and sets a bad precedent imo.
President Obama and congress knew all about the bonus's that were to be paid before they signed the bill into law. Transparency my ass. This is just plain old lying and not accepting responsibility.
They are just playing the blame game, and the AIG CEO is the fall guy.
Furthermore....if their is an issue with AIG paying moneys out when the company had performed poorly why haven't the following people refunded the monies they received from AIG when AIG was being funded by the taxpayers?
AIG executives gave more than $630,000 during the 2008 political cycle even as the company was falling apart
According to the Center for Responsive Politics, which tracks campaign finance reports, more than $120,000 of that money was donated after AIG received its first $85 billion in federal bailout funds in September. The company has since received a total of $170 billion in taxpayer cash to prevent its collapse.
One suggestion: Perhaps the money could be paid back not to AIG but to the U.S. Treasury.
Here's the list of top AIG recipients for the 2008 campaign:
1. Sen. Chris Dodd, D-Conn., $103,100
2. Sen. Barack Obama, D-Ill., $101,332
3. Sen. John McCain, R-Ariz., $59,499
4. Sen. Hillary Clinton, D-N.Y., $35,965
5. Sen. Max Baucus, D-Mont., $24,750
6. Former Gov. Mitt Romney, (R) Pres $20,850
7. Sen. Joe Biden, D-Del., $19,975
8. Rep. John Larson, D-Conn, $19,750
9. Sen. John Sununu, R-N.H., $18,500
10. Former Mayor Rudolph Giuliani (R) Pres $13,200
11. Rep. Paul Kanjorski, D-Pa., $12,000
12. Sen. Dick Durbin, D-Ill., $11,000
http://abcnews.go.com/Politics/story?id=7110145&page=1