what kind of AIG Executive would be willing to accept a bonus

So You’ve got a Senator suggesting that they either give up the bonus or commit hari kari, and another set ready to tax 91% of any bonus.

 

Heck have some dignity, leave now, before the lynching begins.

 

You know  the thing I find troubling is why did these banks that bought insurance from AIG (these credit default swaps on their mortgage backed securities). It’s like California’s earthquake insurance fund. I refuse to buy, even though I do believe that the big one will come one day. Reason being is two-fold, if I survive, expect there to be so much damage, that the fund will go bankrupt so why bother buying it.

 

The intelligent people who were buying these credit default swaps must have put some thought into this before relying on the insurance they were getting from AIG. Don’t ya think??