The whole AIG thing is just so much bullshit!

Especially when the CEO of AIG Liddy talks.

Liddy, a former board member of Goldman Sachs—the investment house believed to have received a large portion of the bailout money after it was “laundered” through AIG’s insurance contracts—fired back an extraordinary letter telling the government to get lost.

“Quite frankly, AIG’s hands are tied,” he wrote, claiming that the bonuses were “binding obligations”—part of the executives’ employment contracts—and interfering with them could provoke lawsuits. Moreover, he argued that they were fully warranted, despite the massive losses for which those receiving them were responsible. Without doling out a billion in additional compensation, he claimed, AIG would be at risk of losing “the best and the brightest to lead and staff the AIG businesses.” Employees would leave if “their compensation is subject to continued and arbitrary adjustment by the US Treasury,” he said.

First of all…CRAP!….retention of people?  Would these be the same people that screwed up everything in the past?  Why woul;d you want them to stay?  A better question is where will these pricks go?  If all WallStreet sucks, then they have choices, huh?

“The best and the brightest?” The executives in AIG’s financial division ran an unregulated credit-default swap operation that was just as much a scam as Bernie Madoff’s fund, and far more destructive.

The obvious question is: where precisely are these “best and brightest” going to go if they fail to get their hundreds of millions in bonuses? The market for this type of financial parasitism has collapsed, dragging down with it the livelihoods of millions upon millions of working people. Rather than getting bonuses, those in charge of the financial manipulations carried out by AIG and its partners should be on the receiving end of criminal investigations.

Let me see…thge treasury controls the cash that it gives out and Geithner says there is nothing he can do to stop the bonus pay outs……may I suggest a “stop payment” on their checks from the government.

Is the Federal government so impotent that it cannot control what is done with its money?  Or is it more that they do not want to do anything that would harm Wall Street?  I still do not understand why the American people are not more pissed at this type of story.  The American people are truly a flock of sheep, if they allow this type of crap to continue.  If you want to fix things then get rid of the a/holes you have in Washington, they are NOT helping.