Thursday, March 19, 2009

Nonsense

The executives at AIG just don't get it.

I supported this administration's plan to inject capital into the marketplace, but like the President, I believe that there needs to be accountability. We need to stabilize the economy and help struggling homeowners, not reward failed corporate management.

The executives who brought insurance giant AIG to the brink of failure are set to receive about $165 million in bonuses - and they don't mind if taxpayers are footing the bill.

As someone who helped save a bank from failure, I can't describe how disgusting this is. It's rewarding failure. And I need your help to stop this nonsense.

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