This is just unbelievable and it makes it more unbelievable that AIG has not been broken up, all executives fired.
American International Group is giving its executives tens of millions of dollars in new bonuses even though it received a taxpayer bailout of more than $170 billion dollars.
AIG is paying out the executive bonuses to meet a Sunday deadline, but the troubled insurance giant has agreed to administration requests to restrain future payments.
The Treasury Department determined that the government did not have the legal authority to block the current payments by the company. AIG declared earlier this month that it had suffered a loss of $61.7 billion for the fourth quarter of last year, the largest corporate loss in history.
I thought the United States owned AIG in essence. I hope this is the last straw for I am sure this will make America's blood boil. We should demand this company is broken up, the profitable divisions sold off and the toxic credit default swaps and other Ponzi scheme type of investments taken into receivership.
Enough is Enough!