The bonuses are based on contractual agreements and can't be voided across the board without a lot of work. A voluntary return is one thing but a forced one will be a real problem. Basically, there's little that can be done to stop this at the moment. This will not be the end of bailout money for AIG. It's just a bump in the road.
My concern is that this may lead to real violence. Take someone who's really pissed at this and is either vindictive or mentally unbalanced (or both). A tiny bit of research will get him a list of the execs from AIG who got the bonuses. A small amount of work will find their homes and other contact info. Another small amount of work will be to put all this info into a Google map and 'hope' for someone to protest or worse. Think I'm making this up? It's already been done in CA where supporters of an anti-gay bill were targeted in the exact same way. Cyber-stalking taken to the next, possibly dangerous level. The 'fall on their swords' comment might have been great as a sound bite but it may just be what someone needs to perform a criminal act. On Tue, Mar 17, 2009 at 3:13 PM, Robert Munn <[email protected]> wrote: > > An aide backed off the statement later and said he meant they should > repent, > but that was a great line. > > That's the end of the bailout money for AIG. Obama looks like a fool for > having pushed through more money for them just last month, and just about > everyone in Congress in livid over the bonuses. No way they get another > nickel now unless its through a structured BK that wipes out all those > contracts. > > AIG - the General Motors of the insurance industry > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:292097 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
