The AIG Situation

To offer my 2 cents on the matter, the situatution boils down like this:

  1. Bad PR for AIG to be giving out such huge bonuses
  2. It may be bad, but there are contracts that were signed.
  3. Congress blustering about this event is kind of ironic as laws that they passed in the 19990’s helped lead to this mess

The next bailout money that AIG gets, and they will get more, deduct the amount they handed out in bonuses from it. Will it mean anything? Nope, purely symbolic. But members of Congress and the President can then pat themselves on their backs and say “we showed them!”

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