So it looks like things are getting more interesting with AIG bailout. Just as it seems there is light at the end of the tunnel for AIG after it receiving fresh cash injections amounting to over $160 billion dollars from the US government, now it seems the AIG executives are rewarding themselves and enriching themselves with over hundred million dollar bonuses.
It was reported in the press that the head of the AIG mentioned that AIG is likely to go bust if the company don’t reward or rather try to retain important key staffs in the company by rewarding them with good bonuses. Apparently these so called important staffs in the company are the very people who generated toxic derivatives products that caused AIG to crumble. Speaking of misappropriating taxpayer money, what more could be more irritating and completely unethical by rewarding those who are responsible for the complete financial mess?
Anyway, I guess US government has nothing too much to worry about because all it has to do is to print out more money and don’t worry about the currency value being impacted. China will pick up the tab and continue to buy US treasuries, bonds and continue to fund those corrupted fund managers. The biggest loser after all, may not be the US but China that continues park its trillions of dollars in US shore. Happy spending for AIG top executives and cheers!.
