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Discussion Starter #1
Over the fact that the Administration requested that language be inserted in the AIG bailout to ensure that the bonuses could happen, Chris Dodd lied about it, and then they all spent the whole week expressing moral outrage and proclaiming their intentions to get that money back for the American people?

I know that people who aren't fans of Obama are pissed off, but what about those of you that like him? Does it bother you?
 

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I don't know what pundit said it - but welcome to chicago politics covers it Robin...unfortunately! (and yes I am outraged!)
 

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i heard this morning they are trying to pass a bill that will tax that money at 90% for any of the companies that received federal assistance.

i think someone said it here yesterday, but if the bonuses went to the "sales" people who really were/are working to get the company straightened out, it doesn't outrage me so much as if the money went to some big whigs that caused it to go bust in the first place. kinda of like being between a rock and a hard place. maybe the best thing would have been just to let them all fail and start from scratch.....dunno.
 

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I wonder if they (the administration) are as outraged at these bonus payouts. Seems to me they should be

Fannie Mae plans to pay retention bonuses of at least $1 million to four key executives as part of a plan to keep hundreds of employees from leaving the government-controlled company.

Rival mortgage finance company Freddie Mac is planning similar awards, but has not yet reported on which executives will benefit.

The two companies, which together own or back more than half of the home mortgages in the country, have been hobbled by skyrocketing loan defaults. Fannie recently requested $15 billion in federal aid, while Freddie has sought a total of almost $45 billion.



http://finance.yahoo.com/news/Fannie-plans-bonuses-of-up-to-apf-14679491.html
 

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I wonder if they (the administration) are as outraged at these bonus payouts. Seems to me they should be

Fannie Mae plans to pay retention bonuses of at least $1 million to four key executives as part of a plan to keep hundreds of employees from leaving the government-controlled company.

Rival mortgage finance company Freddie Mac is planning similar awards, but has not yet reported on which executives will benefit.

The two companies, which together own or back more than half of the home mortgages in the country, have been hobbled by skyrocketing loan defaults. Fannie recently requested $15 billion in federal aid, while Freddie has sought a total of almost $45 billion.



http://finance.yahoo.com/news/Fannie-plans-bonuses-of-up-to-apf-14679491.html
Order is restored, I disagree with you 100%. Assuming these are not the people responsible for causing the problem and that they are the best chance at fixing the problem, they need to be paid.
 

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Order is restored, I disagree with you 100%. Assuming these are not the people responsible for causing the problem and that they are the best chance at fixing the problem, they need to be paid.
Actually I agree with you now.......LOL.

Of course the same COULD be said of the AIG bonus money......I have read conflicting reports on that so I don't really know the truth of that.
 

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If they were brought in for the salvation of these companies. And they achieved that goal. I have no problem w/them being compensated for it.

That's called salary.

I do have a problem with the idea of bonus. For what? Doing their jobs??

That's called excess.

And if a company wants to do that w/its own profits, whatever. Who am I to argue.

But when excesses are paid with MY money.

That's called ripoff.
 

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If they were brought in for the salvation of these companies. And they achieved that goal. I have no problem w/them being compensated for it.

That's called salary.

I do have a problem with the idea of bonus. For what? Doing their jobs??

That's called excess.

And if a company wants to do that w/its own profits, whatever. Who am I to argue.

But when excesses are paid with MY money.

That's called ripoff.
Salary, bonus whatever - we need to pay the going rate necessary to fix the problem. Does (did) your company ever pay bonuses? If so, did you stand your ground and say no thank you, my salary is reward/incentive enough?

A properly designed bonus plan [and we don't know anything about this one] puts a portion of your pay at risk, giving you an incentive do to a better job.
 

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If what was said on the radio this morning is correct, some of those executives that received the bonus's aren't even with AIG anymore.That would be really screwed up
 

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If what was said on the radio this morning is correct, some of those executives that received the bonus's aren't even with AIG anymore.That would be really screwed up
Maybe, maybe not. It depends on what the bonus was for.
 

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Does (did) your company ever pay bonuses?
Not performance-based.

We had a program whereby employees who recommend another professional for work receive a small stipend if that person is hired and remains for six months.

But cash atop a paid salary. For being extra-special good?

No.
 

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Discussion Starter #15
The bonuses themselves are a completely different issue than the actions of the administration and guys like Chris Dodd who all just looked into the camera and lied their asses off. And frankly, if the President says "well, we've got a lot on our plates right now" again as a means of excusing it, my head may explode.

There is something about mock outrage that pisses me off.

I could easily argue either side of the bonuses themselves. Anybody willing to argue in favor of the actions of the Admin. and Congress in lying about what went into making them possible? It seems that the same people around here who have spent a considerable amount of time defending Obama and saying that anybody who doesn't like him just can't get over losing the election, are strangely quiet when it comes to this particular little issue.
 

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If what was said on the radio this morning is correct, some of those executives that received the bonus's aren't even with AIG anymore.That would be really screwed up
It is true, AIG FP division is paying people retention bonuses. People who work for FP are losing their jobs after their particular piece of their job is unwound. They are being paid to stay and finish their job, knowing that they will lose their job once they finish their task. Those people who received bonuses finished their task and no longer had a job.. they got the bonus because they did stay until the work was complete.
 

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It seems that the same people around here who have spent a considerable amount of time defending Obama and saying that anybody who doesn't like him just can't get over losing the election, are strangely quiet when it comes to this particular little issue.
Obama also said "the buck stops here" and took responsibility.

I'm watching it and waiting to see what happens. While I recognize this stuff has been going on longer than he's been president, he IS responsible for what he does now and what has been done over the past couple of months.
 

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The bonuses themselves are a completely different issue than the actions of the administration and guys like Chris Dodd who all just looked into the camera and lied their asses off. And frankly, if the President says "well, we've got a lot on our plates right now" again as a means of excusing it, my head may explode.

There is something about mock outrage that pisses me off.

I could easily argue either side of the bonuses themselves. Anybody willing to argue in favor of the actions of the Admin. and Congress in lying about what went into making them possible? It seems that the same people around here who have spent a considerable amount of time defending Obama and saying that anybody who doesn't like him just can't get over losing the election, are strangely quiet when it comes to this particular little issue.
Your not the only one who's head is about to pop off, did you see all the Tea Party Protesting going on around the country, doesn't matter if democrat or republican party, people are tired of what's going on with our money and our country!
 

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It seems that the same people around here who have spent a considerable amount of time defending Obama and saying that anybody who doesn't like him just can't get over losing the election, are strangely quiet when it comes to this particular little issue.
mwah! I kiss you.

And how many of these birds were in a MORAL HUFF over "lies" told by the prior administration?

Any guesses as to how long it is before IMPEACH OBAMA bumper stickers start churning off the presses. And 01.20.12!

THIS is exactly why I found myself unable to get all hepped up about the new administration coming in. BobPR took my reticence as being an OBAMA HATER. It's not that. It was just the knowledge that something sooner or later was going to cause his stock to drop.

And now it has.

FWIW, I would have expected the same disappointment -- at some point or another -- over the McCain Administration.
 

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I can't imagine Pres. Bush or the 2008 McCain saying "the buck stops here"

I am all about expressing my displeasure when I think Obama Admin is doing something wrong (see Veteran's Healthcare thread)

Like I said... I'm waiting to see what he does now.
 
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