AIG (American International Group, Inc.) is a major insurance corporation based at the American International Building in New York City. AIG made huge, bad bets on the housing market that have so far cost taxpayers $170 billion in bailout money. But this company gave it’s employees $450 million in bonuses! This is outrageous! Any company that is so bad off that it needs bailout money should not be allowed to give out bonus money to anyone! They helped to destroyed our economy, and now their executives are being rewarded with bonuses?! WTF!
What can we do about this? Call, write or email your Congressmen. Also, sign this MoveOn.org petition
Addendum, 3/17/09: Obama tries to stop AIG bonuses: ‘How do they justify this outrage?’