AIG to Pay Millions To Top Workers
Move Comes on Heels Of Revised Bailout
American International Group plans to pay out $503 million in deferred compensation to some of its top employees, saying it must tap the funds to keep valuable workers from exiting the troubled insurance giant. Full Story »
Posted by Kelly Garrett
In convincing a reluctant congress the $700 billion was absolutely essential to save the economy, Bush and his Secretary of the Treasury were overly emphatic about how much oversight would be put into place to ensure there would be none of the usual Bushie hanky-panky. Well, one third of the money has been poured down the banking rathole and for what? Where’s all that control we were promised as we continue our slide into a depression?