AIG execs getting millions more!

There are days when it's hardly even worth logging on to your news websites unless you have a very sturdy stomach. From this story, this is shaping up to be one of those days.

Insurance giant AIG - which received one of the biggest corporate bailouts in this ongoing fleecing of the American taxpayers - is now preparing to pay its top executives millions more in bonuses. This is in addition to the millions that these execs already received 4 months ago - which was also on the taxpayers' dime.

AIG is urging the government to give its approval to these bonuses, because it thinks that will protect the company from public criticism.

Wrong, AIG. All that will do is just expose the government to the same criticism. There will still be plenty of outrage left for AIG.

If it's true that the government now owns 80% of AIG, doesn't that also mean the government can say the execs can't get bonuses on our dime? Of course it does.

Since the government has such a large stake in AIG, it needs to tell AIG that it's either no bonuses or no AIG.

(Source: http://www.washingtonpost.com/wp-dyn/content/article/2009/07/09/AR2009070902702.html)