AIG gets an additional $38 billion loan from the Fed.

I dont understand why the Fed has to keep helping these companies. I think that things are out of control. I think the executives were to blame for how these companies fell apart. I think them going on a time to the "spa" shows how much they carried for their "little guy" employees that are now worried about paying their bills. I think a few months from now the Fed needs to look into how AIG spent the money if all of it goes to the big executives then it feels to be brought into court and people need to do some jail time.

I agree with you that this was outrageous! I'm in the same situation as you are with the company I work for. Our bonuses this year, if we get any at all, will be smaller to relect the economy's effect on our business. We still worked just as hard this past fiscal year but what responsible corporation gives unnecessary perks to employees after having to be bailed out by the government?

A company that needs $120 billion dollars to bail them out can't possibly have "top performers" in their employment pool - and a company that is that far under should not be spending the money to reward anyone - expect perhaps the homeowners that they scammed.

Bottom line...EVERYONE has to be held accountable for their actions. The CEO's have to held accountable for their company's operations. What I like to know is, who determines these outlandish salaries for top executives? Yeah, companies go under, the poor smuck (i.e. you and I on the floors below) suffer being put out of a job, possible lost pensions, yet the Executives lose nothing....EVEN if they have to do jail time. Same thing can apply to our elected officials.

It is in all CEOs contracts that they get bonuses. Reguardless of how well the company is or is not doing. Stupid I know but that is how it works (it is good to be a CEO). So the companies have to use the money the government gives them to pay these bonuses if they do not have enough money in the bank to cover it. If the company does not pay out the bonuses than it is in breach of contract and the CEO can sue. So basically a CEO can drive a company into the ground and still collect his multi million dollar salary PLUS his multi million dollar bonus. Trust me, it ticks me off bad that we have to bail these companies out. But then to have that money going to the corrupt CEOs that caused these problems get makes me right down livid. You do not want to know the ugly words I have muddered over this.

This whole thing makes me sick... the government is going to piss away 700 billion dollars and the economy will not get any better, They should take that money and disperse it to the taxpayers and let them pay bills, and the money will eventually turn the economy around. these execs are just going to call it free money, blow it away, and keep screwing the government, tweaking paperwork, and raping the middle class. 440,000 would pay two mortgages. If my mortgage was payed off, i would go on a spending spree and help the economy. I hate politics and I hate money and I hate the government for being so naive.

Forget bonuses, they treated their employees to the SPA after they were bailed out...and nevermind THAT they're planning to do it AGAIN now that they've been given more money. This is definitely "WTF" territory. What's really going on? Um...well, it seems like our government's decided to be generous to a bunch of jacka$$es that don't even take how serious of a problem their failure would be to the economy...seriously. This basically says, AIG doesn't give a crap that it's wasting taxpayer dollars. It doesn't give a crap that if it falls under it'll contribute to not only affecting OUR economy, but also the world's. AIG's top people are probably wealthy enough that they could walk away at any time -- screw all of us! *shakes my head* What's going on. *mutters* ^_^' Yeah, obviously, I'm most displeased about all this.

cbreeze, In the first place, I cannot believe that the bailout could be approved without removing some bad apples in the barrel. The people responsible is just so evident here and this government is just supporting more looting. I would not say much for what AIG did for their top executives here but any kindergarten drop out would have curtailed that retreat. It is just simply another failure and flaw of capitalism. Downright foul play. I tell you this is not going to stop, and unless your government start using the strong hand; I just do not see a positive outcome from this painstaking bailout.