On Thu, Mar 19, 2009 at 8:13 AM, Bob Calco <[email protected]> wrote: >> >> These aren't discretionary bonuses, they are contractual and are >> therefore not dependant on public opinion >> > > Precisely. This phony scandal is an attack on the free market contractual > system. AIG and these execs are just the pawns de jure used to accomplish > what is in fact a very malicious agenda. Frankly, given Dodd's complicity in > exempting these bonus arrangements from TARP, and Congress' intentional "no > strings attached, we'll just trust the Treasury Secretary" policy, I think > they were set up intentionally for this charade. -----------------------
BULL. How dare you drive this dribble and forget about foolish business practices that were not fiscally prudent and say just because they had a contract written when money was flying in it should be honored today. A bonus is just that, extra personal revenue for doing good work. They failed miserably in the good work department. That failure nullifies it IMHO. They were totally bogus charging fees to both sides of the coin in transactions where they pushed a rating so a transaction could take place. They lied about the quality of the paper, and stated if it was not worthy they would make it good. Too bad they failed to put any assets against those promises. I see no reason to provide those thieves with a federal funded bonus package. -- Stephen Russell Sr. Production Systems Programmer Web and Windows Development Independent Contractor Memphis TN 901.246-0159 _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
