Nine of the 10 executives who received top bonuses from US insurance giant AIG have agreed to return them, New York's attorney general says. Well done. To the nine and the attorney, Andrew Cuomo. He's about to get $80 million back into the AIG coffers.
But what about the tenth? Where is he? Keeping his head down, in a huge treasure chest no doubt. Mr.Cuomo says, "A number of them have risen to the occasion and I applaud them." But after Congress went through hoops, the president went on TV to denounce the debacle and every TV pundit had his/her ten cents worth.
At least the tide appears to be turning. Any chance of Sir Fred Goodwin get twinges of a similar nature?
The case for defence I made on GB News last night
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Why did the government watch 200 shadow tankers sail by, then take one
over? Is it going to take the oil cargo and sell it? Or will it let the
ship go afte...
4 hours ago
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1 comments:
The whole scandal is getting ridiculous. The politicians aren't much better then the AIG executives. They allowed such conditions where AIG got to big so that the state had to save it - and what about the mortgages? If the banks were told not to offer it to those who couldn't afford to pay it off, then the whole mortgage crises wouldn't start.
Take care,
Julie
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