Another was even more irate, lashing out at the public for scapegoating AIG employees. “To be honest with you, I really hope it blows up. I think the U.S. taxpayer deserves to lose a trillion dollars over this thing for the way they have behaved.”
And then he turned on politicians who had joined the anti-AIG posse. “They only care about the next election, just like we only care about the next bonus. Well, none of them cares about the country, none of us cares about the institution,” he said, adding: “They really don’t care, and I really don’t care. And frankly, if a trillion dollars gets lost, fine.”
The AIG retention bonuses have rankled many in the public because the company has received a federal rescue package of about $180 billion in loans, stock investments and other commitments from the Federal Reserve and the Treasury Department. Closing down AIG Financial Products’ trading portfolio has been vital to stemming further losses and repaying the public money.
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The employees have a good point. Most of the ones in the news were hired post-bailout to wind down the financial products division, and their compensation packages offered performance bonuses as a major part of their compensation. They did their jobs, and just want what is due to them, not to become political punching bags for a bunch of politicians.
Oh, I’m not complaining about that, Brad. I’m just saying that whoever managed to get themselves transcribed saying that the taxpayers deserved to lose a trillion was a total prick.
Well, you tell me that the compensation part of my employment contract is going to be arbitrarily and capriciously voided because the media has turned me into a scapegoat and the only people they can find to interview seem to not be familiar with contracted bonus compensations…well, I’d probably be more than a bit prickish myself.