Stop bailing. Start swimming. Find new boat.
If we had any doubts financial players intend to reinstall the same, corrupt crapshoot that tanked last summer, American International Group at least partially dispels them by continuing to reward its own high-rolling croupiers.
The company - a derivatives-soaked nightmare when it came begging for public rescue last year - is adding some spit of insult to the bargain by seeking a government benediction for this new bonus payout, amounting to almost $2.5 million. That's chickenfeed, of course, compared to previous bonuses. And it's not in the same league as the taxpayer-funded bailout package that saved AIG's bacon a few months ago - almost $144 billion.
Earlier this year, AIG paid more than $160 million in retention bonuses to employees of the unit that wrote those doomed derivative contracts. Many employees returned the money, but the episode sparked a national furor of executive pay that's still simmering.
Yep... that AIG. And all this gall from a flailing company that just may sport zero equity value.











