Quote:
Originally Posted by CIVMatt
AIG has contracts to pay those bonuses... they don't pay they get sued = situation worse
why dont people pay attention?
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no problem, the bonuses are based on fraud and those guys should be rather put into the jail. here is great resume from someone else:
"In a Nutshell:
- Banks gave lier loans and insured those loans through AIG
- AIG gladly insured them thinking this is not our problem. AIG took the
premium and executives took big bonuses
- Those loans defaulted. Banks went to AIG asking for insurance money
- AIG said we never had the money.
- AIG told the US treasury Pay us or ....
- Treasury said here are the billions.
- AIG took the money, gave bonuses to themselves and paid the banks.
Now banks have the money and all the land and houses all over the country
.. is it that easy and simple to defraud the system ? Hope FBI grabs them.
"