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Dear AIG,

Travel Forums Off Topic Dear AIG,

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1. Posted by Cool Paul (Travel Guru 611 posts) 7y

I'm sorry the previous $3000 you received from my retirement fund wasn't enough. I hope my remaining $3000 can help. I will be sending it in the form of a tax payment next week. Hopefully you can put it to good use by rewarding your top executives that have destroyed this economy. Thanks a bunch!

Hugs and Kisses<3

Paul

2. Posted by Buzzcock (Full Member 178 posts) 7y

I feel the same inclination to hug and kiss Sir Fred Goodwin amongst other toxic merchant bankers.

3. Posted by tway (Travel Guru 7273 posts) 7y

So THAT'S what made the huge dip in my RRSP fund. I get that the market's got to go down before you make money, but I didn't know that involved living the high life for some fortunate few...

4. Posted by Cool Paul (Travel Guru 611 posts) 7y

wow. that goodwin article is as ridiculous as anything going on over here. I didn't realize other countries had bankers that were giving themselves giant bonuses after accpeting bailout money.

my favorite was last year when the companies on wall street gave themselves EIGHTEEN BILLION in bonuses after they had accepted $700 billion in bailout money. That is like every single person in this country sending them a $50 bill at Christmas!

5. Posted by tway (Travel Guru 7273 posts) 7y

I found out, years after I'd left, that the small company I'd worked for were awarding the top few lovely bonuses AFTER they'd had the gaul to cut our salaries back one year as an apparent way to cut costs in hard times. They talked the good talk of everyone sacrificing for the greater good so no one would lose their jobs. Th old "we're all in this together" speech. It was a tiny private company with less than 20 employees. I felt like a chump then, and I feel like a chump now.

6. Posted by Q' (Travel Guru 1987 posts) 7y

I completely disagree with you guys !! Those Exec's deserve their hard earned bonuses !
I mean, you think you're smart enough to crash the entire world's financial system ?

7. Posted by Isadora (Travel Guru 13926 posts) 7y

I agree with Q - they "earned that money"!!

Seriously - let AIG go under but then again, that won't work either. Though AIG is stating the whole affair is contractual, maybe some of the bonus recipients should consider the idea of not cashing those checks and making a bit of restitution to show they weren't a member of the Greedy Cocksucker Club. Just a thought... It'll never happen...

Contractual or not, and this would require those who are receiving these bonuses to step up to the plate to take the hits, break those contracts by NOT dispersing the money. Granted, the lawsuits would be fast and furious but greed by any other name is still greed. I'm definitely not buying the excuse that the bonuses are enabling AIG to keep their "best" personnel. Let them go! Us underlings of the world understand that nothing is sacred and there is always someone else in line to take the job - and possibly do it as well as we did. What pompous (fill-in-the-blank)s. But, I digress... Maybe it's because our 401K has shrunk by 40%... Such is life and they will be taking our vacation and enjoying part of our retirement... Then again, maybe it's time to buy some Ford stock...

ps: Good thing we didn't invest any money with Bernie Madoff or we'd be just as poor as Zsa Zsa Gabor and Prince Whatever-The-Hell-His-Last-Name-Is. Maybe she'll have to sell a diamond or two and he may have to divest of a house. I only have one house.

[ Edit: Edited on 16-Mar-2009, at 11:48 by Isadora ]

8. Posted by Buzzcock (Full Member 178 posts) 7y

The Goodwin link appears to be broken, but the British government has bailed out:

Royal Bank of Scotland
Halifax Bank of Scotland
Bradford & Bingley
Northern (C)Rock

And yes the 'we are all in this together' argument is being put about by the politicians and bankers who allowed the huge debt bubble to grow in the first place. Despite what you might, think the USA is not the worst off. The Irish government has socialised much of Irish banks' toxic debts which now amount to more than 10 times the Republic's annual GDP onto its taxpayers. Per head of population the Republic of Ireland had the biggest housing bubble in the world, even bigger than the UK's, Spain's or the USA's. 125% mortgages based on 6 or 7 times self-certified income - it had to end in tears.

[ Edit: Edited on 16-Mar-2009, at 11:47 by Buzzcock ]

9. Posted by Cool Paul (Travel Guru 611 posts) 7y

maybe there is some hope here in the US:

http://news.yahoo.com/s/ap/20090316/ap_on_go_pr_wh/obama_aig

they should just write some new laws and throw them in jail:

"oh, but we have a contractual obligation to the citizens to throw greedy a-holes into federal-rape-me-in-the-ass-prison"

"sorry, but our hands are tied"

10. Posted by james (Travel Guru 4136 posts) 7y

Let them go under; all of them. Maybe then will society really learn some lessons.

Also, governments don't bail out anyone; taxpayers do.

Finally, our dickhead (Australian) prime minister uses this "we're all in this together" fucking crap also. So, if anyone is in Sydney and they've lost their job, simply turn up to Kirribilli House, knock on the door and ask for Big Kev and tell the cocksucker that you need a meal and a place to sleep. Remind the fraudulent little prick that "we're all in this together".