I was a bit upset in my last post....and yes the media may be wrong in their appraisal of the situation but the fact remains....aren’t we shelling out MORE money to them to HELP them stay afloat???

Yahoo News-
WASHINGTON – President Barack Obama declared Monday that insurance giant American International Group is in financial straits because of "recklessness and greed" and said he intends to stop it from paying out millions in executive bonuses.

"It's hard to understand how derivative traders at AIG warranted any bonuses, much less $165 million in extra pay," Obama said at the outset of an appearance to announce help for small businesses hurt by the deep recession.

"How do they justify this outrage to the taxpayers who are keeping the company afloat," the president said.


I was wrong....so allow me to retract my original statement and reclarify. Let them have what the media has called them as “bonuses”...with the stipulation that if they get these TAPR funds they must immediately reinvest the entire amount of their bonuses back into the company...stock preferably....and the next rule is they can get rid of the stock for 4 years (no loopholes in that statement…they are locked in) minimum...that would give these executives motivation to make the company "profitable".

This would include "retention payments" as well.....

too much FREE cash running around wall st......and way too many families homeless due to the housing bubble.