WHY BASH AIG EXEC'S.......... - Ford Powerstroke Diesel Forum
Reply
 
LinkBack Thread Tools Display Modes
post #1 of 29 Old 03-17-2009, 12:46 PM Thread Starter
Premium Member
 
Join Date: Jun 2007
Location: in absentia...
Posts: 2,769
Thanks: 0
Thanked 0 Times in 0 Posts
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
Feedback Score: 0 reviews
WHY BASH AIG EXEC'S..........

I don't like the bonus money being paid out by taxpayers, but it was no secret. These bonus were spelled out in the original TARP bailout money deal. The real problem is that the friggin politicians didn't read(sound famaliar) the contract, and now are stuck with the bonus.

Some senators mentioned taxing the bonus money at 95% to get most of it back. I have a real problem with them being able to levy whatever they want, as much as they want. This part scares me worse than the execs getting the bonus money.

PSD- yea, I finally got one.







"Beware the Prophet
seeking profit" Dennis Miller on Algore




'11 F-250, CC, 4X4, KR
kingchip is offline  
post #2 of 29 Old 03-17-2009, 12:49 PM
Compression Ignition Addict
 
bigbaldbob's Avatar
 
Join Date: Jan 2009
Location: Weatherford
Posts: 601
Thanks: 0
Thanked 0 Times in 0 Posts
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
Feedback Score: 0 reviews
I agree. Congress taxing like that is unconsti

2005 F350 CC, LB, SRW, Fx4 Auto, Lariat,
Gauges, Exhaust, Studs, Egr, Powermax
bigbaldbob is offline  
post #3 of 29 Old 03-17-2009, 12:52 PM
Compression Ignition Addict
 
jamstoyz's Avatar
 
Join Date: Jul 2007
Location: michigan
Posts: 4,241
Thanks: 0
Thanked 0 Times in 0 Posts
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
Feedback Score: 0 reviews
i think the 175 mil is a drop in the bucket compared to the billions they got. and the bonuses were in there contract before they got the stimulas money. AIG is so big that if they went down, we would be in a far worse world of chit.

05 Single Cab Short Bed
*03 Turbo*Stroked Injectors*AFE Stage 2*Small mouth Intake*SCT With Eric's Extreme Race*4.30 Gear*Best ET 13.5@99MPH*
jamstoyz is offline  
post #4 of 29 Old 03-17-2009, 01:16 PM
Compression Ignition Addict
 
szyd's Avatar
 
Join Date: Aug 2008
Posts: 3,540
Thanks: 0
Thanked 0 Times in 0 Posts
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
Feedback Score: 0 reviews
Yes but did they deserve the bonus? NO. A bonus is a reward What warranted the award? If I didn't meet my goals i would not see a dime.

Dale

99.5 F 350 Totaled
2000 F350 Lariate
CC
SB
4x4
4" turbo back
cold air. Zoodad
Banks big head
Wicked wheel
4" BDS lift. With Bilstein's
all brought together by TW
szyd is offline  
post #5 of 29 Old 03-17-2009, 02:13 PM Thread Starter
Premium Member
 
Join Date: Jun 2007
Location: in absentia...
Posts: 2,769
Thanks: 0
Thanked 0 Times in 0 Posts
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
Feedback Score: 0 reviews
We don't know if they met their individual goals or not. If the man correctly inventoried the paper clips and was contractually offered 1 mil for doing it, then he deserves it. Overall AIG is hurting, but we don't know the whole story.

Bottom line, if congress had read the contract before they signed off on the bailout, things may have turned out differently. But once again, the congress jumped before they looked, and here we are.

PSD- yea, I finally got one.







"Beware the Prophet
seeking profit" Dennis Miller on Algore




'11 F-250, CC, 4X4, KR
kingchip is offline  
post #6 of 29 Old 03-17-2009, 02:47 PM
Compression Ignition Addict
 
Join Date: Oct 2007
Posts: 2,377
Thanks: 0
Thanked 1 Time in 1 Post
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
Feedback Score: 0 reviews
and the media and may people are playing right into this BS emotional crap without knowing ANY of the facts.

There is nothing Obama can do about it other than spout off like a dolt "we gotta do everything legally to get it back" then have his hound geithner and the AG issue subpoenas. Sorry, thats jjust pathetic to ACT like you are doing something and demanding change all the while taking more power for yourself AND giving handouts to your democratic buddes while the taxpayers sit by thinking you are working for them.

Liar.


I'm a wh0re for free stuff
kinghawg98 is offline  
post #7 of 29 Old 03-17-2009, 02:52 PM
Compression Ignition Addict
 
bigbaldbob's Avatar
 
Join Date: Jan 2009
Location: Weatherford
Posts: 601
Thanks: 0
Thanked 0 Times in 0 Posts
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
Feedback Score: 0 reviews
I heard that a lot of congressmen had there pensions tied in with AIG. If thats true then no wonder AIG got 3 bail outs with more to come.

2005 F350 CC, LB, SRW, Fx4 Auto, Lariat,
Gauges, Exhaust, Studs, Egr, Powermax
bigbaldbob is offline  
post #8 of 29 Old 03-17-2009, 03:20 PM
Compression Ignition Addict
 
bundymon's Avatar
 
Join Date: Sep 2007
Location: Tuttle, Oklahoma
Posts: 188
Thanks: 0
Thanked 0 Times in 0 Posts
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
Feedback Score: 0 reviews
Send a message via Yahoo to bundymon
Why do these people deserve bonuses? Bonuses are for people who would have figured out how to keep their company from ever needing a bailout not helping their company in a need for bailout.
bundymon is offline  
post #9 of 29 Old 03-17-2009, 03:28 PM Thread Starter
Premium Member
 
Join Date: Jun 2007
Location: in absentia...
Posts: 2,769
Thanks: 0
Thanked 0 Times in 0 Posts
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
Feedback Score: 0 reviews
Quote:
Originally Posted by bundymon View Post
Why do these people deserve bonuses? Bonuses are for people who would have figured out how to keep their company from ever needing a bailout not helping their company in a need for bailout.

These are pre-employment contractually binding bonus.Congress could have written in something, or made the bailout contingent upon the bonus somehow, but probably didn't read the thing fully.(Imagine that). these men are highly intelligent and didn't get to the tops of their fields by accident. Our congress is a bunch of self serving fools, and these bonus are further proof. Don't blame them for accepting a bonus over more pay. Clinton promoted these bonus . Now obama is eating them.

PSD- yea, I finally got one.







"Beware the Prophet
seeking profit" Dennis Miller on Algore




'11 F-250, CC, 4X4, KR
kingchip is offline  
post #10 of 29 Old 03-17-2009, 03:58 PM
Compression Ignition Addict
 
PJSaleen's Avatar
 
Join Date: Dec 2008
Location: Canuckistan
Posts: 379
Thanks: 0
Thanked 0 Times in 0 Posts
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
Feedback Score: 0 reviews
Hahah..what about Bidens own son working for the hedge funds and those account execs making millions in bonus's, what about the union boss's making millions in "bonus's and perks" why are they not going after the union leaders? Since when was it illegal to earn performance bonus's? The US and Canada have been giving the Hollywood studio's massive tax breaks/incentives worth billions of dollars for years..those might as well be bonus's if it ends up in their collective pockets. Where does it end..hmm..I know it should not end with changes to the constitution just so Obama and his merry band of socialist misfits can claw back some money they threw away so they can save some political face. The election isn't over Team Obama is still campaigning with "town hall" meetings in cherry picked Obamabot regions..how much money is that going to cost? How much do Nancy Palosi's flights costs back and forth to San Fran?
Socialism does nothing but breed mediocraty, laziness, a lack of productivity and generations of self involved entightelment. Think about how many hundreds of trillions it will cost "you" to completely secular socialize America..lol..then think of how much it will cost you in everything other than money..
PJSaleen is offline  
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Ford Powerstroke Diesel Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in









Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome