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September 26, 2016

AIG Gives Bonuses After Getting Bailout

Ok, so for example, let’s say you own a huge insurance company, let’s call it, hm, AIJ, and you’re losing a lot of money. But you’re a real big company, like, I don’t know, how about the 18th largest public company in the world, and you can’t shut down. So the government of the United States decides to help you out and gives you like, maybe, $170 billion dollars to not go bankrupt. Phew, you totally got saved on that one huh? What next? Maybe get rid of some unneeded expenses to save money? How about cutting some of the executive salaries a little? Maybe even downsize just a little bit until you’re back on track? BUT SCREW THAT! YOU JUST GOT $170 BILLION DOLLARS! YOU’RE GOING TO GIVE OUT A TON OF BONUSES TOTALING AROUND $165 MILLION! YEAH, THAT’S WHAT’S UP!

Seems like a real sleaze ball move to make doesn’t it? Like, no one in their right mind would make that decision, just based on showing respect to the fact that the United States of America has just saved them. However, that’s exactly what AIG did after President Obama and the United States government agreed to bailout the insurance company.

AIG gave 73 of their employee’s bonuses of more than one million dollars, with eight of them being over four million. So, let’s analyze this. Unemployment in America is reaching scary numbers with more and more people losing their jobs almost weekly, but the reekazoid known as AIG gave some of their employee’s huge bonuses. Hm, so, we have people who are barely making ends meet as it is losing their jobs and AIG is just giving millionaires more money, that’s ricockulous.

And our President, Obama, also saw it this way as his administration will be making AIG pay back all of the money t the US treasury. In addition, Obama has his team pursuing legal action to see what can be done about keeping these bonuses from even being distributed.

Now, even though Obama might be able to block these payments, the dorkchopability of AIG has hit an impressive 11 with their actions. Normally the ratings go to ten, but AIG has really committed lèse-majesté! (That means insulting of a ruler, so in this case, they insulted President Obama and also the United States…it’s a French word)

So, with all due respect, WAY TO SUCK, AIG!

About Mark Ryabtsev 329 Articles
Mark Ryabtsev is head writer for Obama.net. He stays up to date on all Obama news and brings you the most important issues.

2 Comments on AIG Gives Bonuses After Getting Bailout

  1. Hi

    Please they new about the bonus months ago and decided the that they might get sued.Well guess what now there suing the gov for get this overpayment of taxes!!!
    Fine let them sue uncle Sam then any money they get can go towards the money they owe uncle Sam!!!

    Please President Obama LET THEM FAIL!!!!
    APPARTELY THE CEO OF THIS COMPANY HAS KNOWLEADE OF FINANCIAL RESPONSIBILTY!!!!

    I owe a small business,I keep enough money in for my monthly expenses!
    I personally keep three months salary in saving, especially when economist have been saying for a year times are going to be tight.

    THE GOV SHOULD HAVE NEVER LET AIG HAVE THE MONEY NO ONE WOULD HAVE SUED THEY COULD RISK LOSING THERE CAREERS BY NOT HAVING THERE NAMES IN PRINT TAKING MONEY WHILE THERE COMPANY FAILED.

    PLEASE DON’T TAX THE BONUSES IT WOULD HURT IN THE LONG RUN
    ALL UPPER MANEGMENT SHOULD RESIND THERE BONUS DUE TO FACT IT IS FOR PERFORMANCE WHEN YOUR COMPANY’S IN RED YOUR NOT PERFORMING!!

    THANKS
    A CONCERNED CITZEN

  2. I realize this is old news, but came across this report looking for something else.

    Do you know how much 165 mil is of 170 billion? It is 0.097%. Yes, AIG spent less than one-tenth of one-percent on bonuses that they had already guarenteed in contracts. Money they paid the federal government back.

    Look at it this way – I give you $170,000 to help you out of a hole (let’s say to keep your home), and you turn around and spend $165 to paint the kitchen a different color. I won’t be happy with it, but I have little room to complain, especially since you’re paying me back.

    I didn’t like the bailout idea to begin with. But you’re barking up the wrong tree here.

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