Quote:
Originally Posted by OG LennyT
You're right, the populist outrage of these guys getting taxpayers money in their sinking ship of a company is so uncalled for.
Once again, your extensive vocabulary and use of million dollar words can't save you Lenny..
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You're doing the same thing the guy with the second letter did, using emotional arguments to divert attention away from the facts.
Let's make the argument about guys getting bonuses with taxpayer money and say that Snake Doctor doesn't understand what's going on so he uses "big confusing words" to obfuscate. (Yes that last word was put there because I love irony)
At the end of the day, and this is fact, nobody "in the know" disputes this.....if those people weren't kept on staff, by using the retention bonuses, the taxpayers would have lost more money.
It would take months and months for auditors to figure everything out in order to complete a sale (and there is a time value on money), and it's very very likely that the sale price of those assets would be lower.
They need people there who know what's going on in order to facilitate the sale of the different divisions/assets.
So you can burn AIG to the ground, and your $200 billion or so along with it, or you can live with these guys getting bonuses, and get a large portion of that $200 billion back.
You can take a bite of a shit sandwich or you can drown in a shit storm.
Unfortunately I can hear most of you saying "take that bitch" to your face, while you cut off your nose.