A Comment About

Why AIG Really Needed $170 Billion in Taxpayer Money

March 20, 2009 - 12:10 am - by Frank J. Fleming
Mary OK
2009-03-20 18:16:10

I hate to say this, but those people working at AIG are worth every penny of the bonus they were paid. Yeah, they made mistakes that brought down the banks, world wide. But they have been winding down these contracts since 2006 and they are a hell of a lot smarter now.

If they are not paid, they will work for the “counterparties” and negotiate against the US taxpayers. And why shouldn’t they, if we aren’t willing to pay them for their expertise and their signatues on confidentiality agreements.

BTW, the congressmen who are expressing their outrage, understand all this, and the outrage is all for show.