Sunday, March 22, 2009

AIG Uproar

Some top executives of AIG, the finance advising group that has recently come under fire for awarding tens of millions of dollars in bonuses to its top executives from federal bailout money that it received from the government, got quite a surprise this past weekend as protesters representing middle and working class families protested outside the mansions of these 'top' executives. The protesters were urging the thieving CEO's who received a portion of the bailout money to do more to help struggling families. The New York based American International Group, has received over $180 billion in federal bailout money and is approximately 80% owned by the government, but is still struggling due to mismanagement of funds. I think CEO's who took these big bonuses should have to pay back all that they were 'awarded.' If they can not pay it back then they should be jailed the same as people who are found guilty of embezzlement and grand theft or larceny are. After all, those are the crimes that these people are committing. It's really sad when white collar criminals are above the law just because they have money (which they obtained from stealing).

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