Originally Posted by ckblv
He did admit that he wouldn't be hurting.
The truth is probably somewhere in the middle IMO.
I think it's somewhere in the middle too, Cindy.
I thought that a couple of his points were interesting, though. What has been reported is only that it was "the division that caused AIG's downfall". Never did they say how many of the employees that got the bonuses were part of that section of the company. They just left it as an assumption that they were all in the greed and bad decision section.
No where did they say that any of these people had agreed to a salary of $1, and that the "bonuses" were really their compensation for the year. I know the amount sounds like a lot, but we also don't know how much he was making before the financial issues. It may be a drastic cut in pay - and he didn't have to give the amount he received.
You know that old adage "two wrongs don't make a right"? Well, in this case, I really think it's more like "multiple wrongs don't make one wrong right". Was AIG wrong to do the contracts the way that they did? No doubt.
Is it wrong for Congress to penalize this group of people with the tax code? Is it wrong for Congress to try to basically negate the legal contracts of AIG because they don't like the contracts now? Is it wrong for people to target the employees, even if they are executives, with death threats? Is it wrong for special interest groups like ACORN to give guided tours to disgruntled people (so they will know which houses to target) of these private citizens? Yes to all of the above!
Even if what this guy wrote isn't all black and white truth (as if the other side we've been told is!), it's still the other side of the story. There are people, families, private citizens on the other side of those bonus checks.
Congress is over-reaching with what they are attempting to do with the 90% retroactive, punative tax. Threats of violence are not acceptable in civilized society. Yes, we have a right to be angry, but our anger should be directed at the ones who got us in the middle of the AIG mess to begin with; who knowingly allowed the contracts and bonuses to be exempted in the first place and then tried to cover their butts when the poo hit the fan. Not the ones who did their jobs
in the first place. The ones who didn't do their jobs of working for the people to begin with.