Blog: Culpepper Log

In Enthusiastic Praise of AIG Bonuses

In Enthusiastic Praise of AIG Bonuses President Obama and much of the country is outraged over AIG paying some $165 million in bonuses to their executives, considering that they've just posted the greatest quarterly loss of any corporation in history (something like $65 billion) and that the US government has handed them somewhere closing in on $200 billion dollars in bailouts. Plus, there'll likely be that much again. "How do they justify this outrage to the taxpayers who are keeping the company afloat?" said President [...]