Posts Tagged ‘Bonuses’

Bankruptcy Before Government Bailouts

Tuesday, March 31st, 2009

There has been tremendous anger over government money being used to pay bonuses to executives in many of the companies receiving government bailouts. We saw this recently in the cases of American International Group (AIG) and Merrill Lynch. The amounts become massively larger when you consider creditors, such as the Credit Default Swap counter-parties in the [...]

The AIG Bonuses: FreePassers Gone Wild!

Tuesday, March 17th, 2009

I have noted before that the FreePasser epidemic has permeated every aspect of our society. However, the recent disclosures of the use of government bailout money for bonuses at American International Group (AIG) astound even me. It turns out that the taxpayer bailout money was used to pay bonuses of about $450 million to a [...]