Saturday, March 21, 2009

And the stink from AIG just keeps rising...


Just when you thought your outrage was limited out, AIG, having been ordered by the courts to hand over documents, proves that they are further out of touch with reality than any of us could possibly have imagined.
Documents obtained by Connecticut's attorney general showed AIG's payout was $53m, or 32%, more than was previously estimated.

Papers obtained by subpoena showed 73 people got more than $1m each while five received more than $4m.

[...]

For much of the week the total amount AIG paid out in bonuses was reported at $165m.

But documents obtained by Richard Blumenthal, Attorney General of Connecticut, now appear to raise that figure by some 32%.
I suppose they'll tell us that their fingers slipped on the calculator keypad.
Reports from the US say that AIG executives are now living in fear of a violent public backlash.

Many are reported to have received death threats and have been advised to take extra security precautions even in areas around their homes.

Do tell.

Well, at least they'll have the money to hire security for themselves. Until it's time to file a tax return.


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