Retention Bonus...What do you think...?

[SHOOTALL]

People are pizzed about the bonus when they should be pizzed about the violating of the 1st amnd .

[FLNT4EVR]

It's like a magic show. They get everyones attention focused on these stupid bonuses , so they don't notice  that they are  being robbed of everything they have till it's too late.

[DalesCarpentry]

Our whole country is fuming over this bail out and bonuses. I don't blame them I am upset also. I guess in the grand sceme of things the bonuses are just a drop in the bucket and I hate to see anyone get a $1,000,000.00 bonus. Also AIG is going down in flames and they throw parties that cost millions of dollars of our money. I was not even invited. Like it has been said though it is unconstitutional and as much as I don't like it the bonuses should be paid. After all what is another $150,000,000.00 whith all this money they are throwing around. Dale

[Cabin4]

People are pizzed about the bonus when they should be pizzed about the violating of the 1st amnd .

Congress is violating the constitution. Those that are, should be thrown out.

[moxgrove]

BHO got on the Tonight show and admitted the bonuses weren't illegal. Just unpopular and maybe unethical. Since when is the Federal Government our moral compass?
   This is pretty darn scary.
  Maybe it isn't fair to the guy working behind the counter at the burger joint that I make more.
 Maybe I should be taxed until we are even as well. Gee where have we heard that sort of thing?
  Good day to you comrades.

[Oldshooter]

AND not illegal to stop them

WRONG! they are illegal to stop when you make a law that says they are legal to do!

I don't like em, the bailout shudda not happened  but your buddies in Congress made it a law to give em and the Teasury Secretary put it in the Stimulous pakage and Obama signed it! No to stop em is illegall but to get the fools and liars out of office is legal!

Vote em out...............Vote em out.....................Vote em out........................Vote me out.................

[DalesCarpentry]

This sums it up pretty good. Dale

http://www.liveleak.com/view?i=819_1237412898

[SHOOTALL]

when you change horses in mid river its easy to to be left treading water ain't it ?

[Oldshooter]

Not sure I follow TM7 cause you did say it was not illegal to stop them. Then in paranthesis you said unless they try some uncon retro tax law

So its legal to stop if they dont make an uncon retro tax law?

Maybe I'm tired I dunno?  Still not sure where you were going with that?  All I know is the whole deal is wrong and the AIG shmucks are gettin made out to be evil when its the congress and the Administration that is are the crooks here!

Did anyone see the marque in that post there is a typo at the end that is kinda funny or Freudian I dunno! 

[SHOOTALL]

Maryland tried to make a law that only fit Walmart . It had to do with health care . It was written so no other business would be affected . Maryland lost in court .

[Graybeard]

The bonuses should not have been paid.

If the company is not solvent then no one should be getting bonuses regardless of what a contract called for. When the became insolvent and required a bail out that negated the contract and bonus payments.

What SHOULD HAVE HAPPENED is they should have been allowed to fail just as any business that is not viable should be allowed to do.

It's just one more step on the path to ending the US as we know it and replacing it with a one world government.

[Oldshooter]

optional bonuses

Well I'm about tired of this whole subject, but i will make one more attempt to state my case.

I don't think there should have been bonuses. Hell I don't think there should have been a bailout.

But these bonuses were not performance bonuses, they were retention bonuses, which I'm sure means money to keep them working there. Granted they should have all been ran off or laid off! But they had a contract that stated if they were there on x date they would get the bucks. Now that being said The Bush Administration told the Obama transition team about them (there is proof) and said that something needs to be done so Obama Knew, Geitner knew, Dodd knew, Pelosi Knew(the stimulus bill that made the bonuses safe, was written in her office) They all damned well knew about them and if they did not then they are that much more culpable, because they are Idiots.

All's I'm saying here is they made a law that gave the guys(AIG) the bonuses and now they are acting like it came out of the blue and they were blindsided.

Its a ruse and a scam to cover up the rest of the Crap they are pulling out of their hats!

Like the extra 2 trillion dollars the new budget will actually cost this year and the 9 trillion dollars that the Obama administration is gonna spend if we cant get him out in four years! WE are Done here Gentlemen, Economically, Politically, and I'm done with this subject!

[Cabin4]

optional bonuses

Well I'm about tired of this whole subject, but i will make one more attempt to state my case.

I don't think there should have been bonuses. Hell I don't think there should have been a bailout.

But these bonuses were not performance bonuses, they were retention bonuses, which I'm sure means money to keep them working there. Granted they should have all been ran off or laid off! But they had a contract that stated if they were there on x date they would get the bucks. Now that being said The Bush Administration told the Obama transition team about them (there is proof) and said that something needs to be done so Obama Knew, Geitner knew, Dodd knew, Pelosi Knew(the stimulus bill that made the bonuses safe, was written in her office) They all damned well knew about them and if they did not then they are that much more culpable, because they are Idiots.

All's I'm saying here is they made a law that gave the guys(AIG) the bonuses and now they are acting like it came out of the blue and they were blindsided.

Its a ruse and a scam to cover up the rest of the Crap they are pulling out of their hats!

Like the extra 2 trillion dollars the new budget will actually cost this year and the 9 trillion dollars that the Obama administration is gonna spend if we cant get him out in four years! WE are Done here Gentlemen, Economically, Politically, and I'm done with this subject!

10-4 Oldshooter.

As much as I believe those bonuses should not have been paid, those people got a deal in writing. I hope they sue and win because the 90% tax law that our tyrannical government passed is illegal and unconstitutional. There is nothing more tyrannical than the government passing a law targeted at specific people. Who’s next???

All this trash is the politicians trying to divert the public from the mess they damn created. Proof, the government has no business bailing out anyone. These idiots could not bail out a row boat.

This obamanation administration is going to go down as the most corrupt group of thugs ever.

[Redtail1949]

Everybody is mad as hell and upset of the condition of the economy. They want someone to pay with their skin as well as jobs. They want somebody to see and feel the pain they are suffering. I can not blame them.

Yet, we as a nation must wake up to what are the real problems and man they are numerous.

We have corporate greed at a scale that is unbelieveable. We have corruption of our government elected officials at a level that is beyond comprehension. We have a Congress made of mostly of Lawyers and other wise highly educated persons that openly and willfully violate the very Constitution they have sworn to uphold.

No one with a high school education could read the First Amendment and not know that the law just passed in a violation of the First Amendment. Yet many openly stated that if you do not like what we are doing :take us to court". What arrorgance, that opinion stated by many, Barney Frank I watched him say it,
is enough to empeach them all.

Our President and his Treasuray Secretary have openly lied to the American People about the Bonus payments. Chris Dodd admitted he lied and we just let it go. Almost all news castr either make no comment or just mutter one are two words about it was wrong but we need to move forward. Where in the hell is their integrity....I am still stunned at what has happened since Obama took office the speed at which it is going and depth of the attempt to take this nation over with a Socialist Agenda. Do not think you are dreaming nor think they will stop they mean it and they are betting all their chips. We must stop them.

The most important thing here is not the bonus payments but the overall collapse of our system of government happening right before our eyes.

AIG is in fact TO BIG TO FAIL I do not like it any more than anyone else. We have to creat an atmostphere where it can be unwound in an orderly waty. The new CEO that is in place is doing just that and will if left alone take care of most of that problem in the next year or two.


The pain that we are all going to feel is not at the maximum level yet we have a long time to go. The policies of Obama I am afraid will lead us to oblivion. Our currency fell 5% in value in the last 3 days alone. Very dangerous moves by the Fed releaseing 1.2 Trillion newly printed dollars did that. We are on the edge as a nation right now today and if things do not change quickly we are in for very bad times.

This is a real clash of ideologies SOCIALIST against CAPITALIST I know in my heart that it was the Capitalist System that made America the Great Nation and we have yet to see a succesfull Socialist System anywhere in the world.

The leftist and outright Socialist have made their move and are making an all out assualt on our way of life. They will stop at nothing to implement their ideas as they see this as the only chance they ever had in the history of this nation. They feel the time is now they slowly but surely have attacked everything for the last 30 years, stopping spanking in schools, lowering standards for the down troden, political correctness, having the government enter into every aspect of our live. Such as decideing what is good for you, what is healthy because they feel that you are too stupid to know and that they must step in and make you do what they feel is right. This applies to smoking, the foods we eat, what a resturant can serve...the list is endless.

The removal of God from Schools and all out attempot to stop christians from pravticing their faith. They want a Godless Government and that fellow Americans will finaly destroy us.

God and freedom of religion were the main root of the Tree of our Country and it many freedoms.

Yet they get back in office by making promises to those in need just to outright buy their votes. Believe me I have been there, if you are hungry and someone feeds you it is very hard to turn their offers down. Yet, that is what they have relied on for these many years. We must, we must, have the courage to face the terrible times ahead, we must say no to them even though it will hurt us and our families.

We must keep some pride and then buckle down and help each other as we can. We must do it as it is the only way. We must vote everyone out of office that does not love this country and everyone that trys to rewright our Constitution.

Many people died defending that Constitution we can not let these Socialist destry it in the next four years. We must rise up in opposition to their plans we must be willing to fight if need be.

[Tommyt]

Redtail1949
That was Excellent Thanks for writing my thoughts
OLDShooter
Thank you too your are correct

For those of you saying NO about AIG bonus Listen to this
THE Government with your Money Bought STOCK in AIG your Just a Stock Holder as of right Now
Have you ever taken a moment and thought about what happens to a Company when everyone Buys into then
"ENRON" was a popular company they gave Bonus's
  Do you see the truth YET ??

[Cabin4]

TM7,

All I'm saying is that from everything I have seen/read, those contracts are legit. If they are not legit or the employee did not meet the stipulation then they should not get the cash. If there were provisions in the contract that required AIG to achieve a certain level of financial status and that status was not met, the bonuses should not be paid.  I don't like the idea of these big bonuses either but I don't like allot of things either. Does not mean our government should get involved.

All this highlights why the government has no business in bailing out these companies. We got 310 million people on the board of directors now. We got congress going after these employees. What BS.

[Tommyt]

Posted by: TM7 I see we are getting closer to being on the same page on this one

 I think I posted somewhere on GBO I know I typed it lol

This whole AIG deal and the amended part of the Stimuwrong Package of Pain and Agony that the DEM's slipped it in under the wire,This was Just the Beginning of their Plan what followed was a OMG what has happen to the AIG money its given as Bonus's OMG What have we Here, they Cried OMG what can we DO
This is their Plan and so far I think it is Flawless
They Now come together in view of the Public and say {Quote} we are going to get to this fixed one way or the other{end Quote}
WE will enact a law (illegal Law) but we will put into effect a Law and will TAX them 90%

This is a Test Folks, Its a TEST
they them selfs said we will pass it if you don't like it take to the Courts
Can anyone see ............
The Constitution is being Shredded as we Type and the courts will be Spinning with all this
and  while  Under cover do more Damaging  Deeds

I'm so thinking that this, is the reason, of the TelePrompTer so he doesn't slip a Bit of what is really happening
THE rule [Make NO Mistakes]

I used Dem's above(they are in Charge) but Listen Folks its all of us that are truly in trouble
I hope both sides OF the GOOD  come together and Change all this wrong

Off to take some Tum's

[Cabin4]

TM7,

The only other point I will make is you said these bonuses were over looked. I don't think they were over looked at all. The treasury, white house, Frank & Dodd knew about them and agreed they should not be tampered with. Maybe this is what you mean by overlooked. Not sure.

C4

[jimster]

Tm...you got it there  "My feelings are that the whole enterprise will be determined to be a grand swindle....perhaps the final swindle."

Yepper...

Cabin, yout got it there too   "I don't think they were over looked at all."  

Yepper again....they all knew.  Cover up time....blame and point time.  Going to be hard as hell for a few of them to point to someone else too...legislation is written by certain people who have names, and signed by people with names.  President Obama being the last one to sign it into law.  Also the only one to go on a comedy late night show and lie about it.  Might as well have Alec Baldwin as president I guess.  

As I watch the entire administration crumble and run around pointing and blaming and imploding from within...I can only think of one thing now...Obama, you failed to stop them and failed to walk away from them, and failed to veto them, because you too are corrupt...and also knew.  

He's just like president Bush...only like a president Bush on steroids, doing everything Bush did times 200 and faster.  

Good news is...this could jump start true conservatism at the roots again....sure hope the independent party gets some votes.  They have mine from now on.  

[Tommyt]

Tm...you got it there  "My feelings are that the whole enterprise will be determined to be a grand swindle....perhaps the final swindle."

Yepper...

Cabin, yout got it there too   "I don't think they were over looked at all."  

Yepper again....they all knew.  Cover up time....blame and point time.  

:Amen

[streak]

I have just read through all of these post on this subject!
And nowhere did I see mentioned( These  old eyes could be deceiving me) anything about AIG  being involved with retirement funds for congress. I believe this was in the news sometime ago that AIG was involved with this retirement fund. Now if this is the case, I can readily see why this bailout crap has been so important to get passed as quickly as possible. Strange how other companies initially were left to go under ( B Sterns, Lehman Brother`s). Personally I was against these bailouts from the git go! The goverment in it`s infinite wisdom is rewarding the companies for bad business decision`s. Also when the government get`s involved with large sums of money such as these bailouts get ready for graft and corruption.
As far as the bonuses are concerned, I think this has been covered in previous post pretty thoroughly!
But today I heard on the news supposedly that it seems another $ 50,000,000 in bonuses within AIG was discovered!

[Cabin4]

Streak,

No, I think you are correct. We did miss the fact that AIG holds the retirement money for congress. Aint that an interesting item to add in here.

C4

[Tommyt]

Streak,

No, I think you are correct. We did miss the fact that AIG holds the retirement money for congress. Aint that an interesting item to add in here.

C4

NO NO NO this is an Urban Myth
I believe somewhere here on GBO this was Posted
But either way I read that
Well I read Both
First that AIG held the Retirement Fund
Then I saw the Truth on I believe it was Urban Myth

 I still say there is a Lot Of Stink that hasn't Hit the Fan yet

Hold your Hats Boys its a Coming

[Cabin4]

The essence of Government is power; and power, lodged as it must be in human hands, will ever be liable to abuse.

James Madison, speech in the Virginia constitutional convention, Dec 2, 1829


He was right.

[streak]

cabin4,
Abuse of power runs rampart these days! Not only at the Federal gov`t level but state also. Here in Colorado it is the pitts!
Also Tommyt posted that AIG being associated with the congress retirement fund was an Urban Myth.
I went to the "You Question. We Get Answers" website and they have some articles on this matter and they say that AIG does not insure the congressional pension fund. All of this information supposedly is coming from factcheck!
In these articles it also mention that the congressional pension funds are not insured by any firm. I think Tommyt is right,there is more to come! As I mentioned in my last post, the news today was that another$50,000,000 in additional bonuses had been uncovered within AIG.

[45-70.gov]

ther  is an  association between  OBAMA  and  factcheck.......look  into it

this subject came  up in  the bith certificate debate

[FWiedner]

While ya'll are discussing how sad it is that the barn burned down, the house is in flames.

http://townhall.com/Columnists/MichelleMalkin/2009/03/20/look_beyond_the_bogus_bonus_smokescreen

 

[Cabin4]

Streak,

I would wait this one out awhile on the connection between AIG and the congressional retirements plans. I don't think all the info is out on this just yet. Perhaps its not the official retirement plan for congress but don't you think there must be some financial connection here? They all just moved to quickly to get this one through and that leaves me concerned there are more details yet to come. We do know, that AIG made major contributions to decision makers in the governemnt on the bail out money. That in itself is enough to tell us our government should have no place in bailing out companies.

Let see whats nect on this.

[SHOOTALL]

wait all you want if they need cash to retire they will have it printed .

[Cabin4]

wait all you want if they need cash to retire they will have it printed .

 

yes they will....