What the Hell is Wrong With AIG Supporters?

So I realize that drastic measures had to be taken to “help” out AIG as their collapse really would have effected a lot more than just their company. The “American Way” has its own flaws just like any other system. Businesses go belly up all the time and nothing is done to help them stabilize. The reasoning? Usually bad business management. Obviously AIG had that in place. To lose billions of dollars in a quarter is unconscionable. The knee-jerk reaction of the US Government really wasn’t the savior that it had touted to be at the time, but it was a rush job and they felt they had to do something before the domino effect destroyed everything. I get that, it happens, but it failed. My questions are now, why are we still funneling money into this company. They need to liquidate and wrap up NOW. Sorry but AIG just has to deal with what mess they created.Working for another insurance company who is currently THRIVING and doesn’t require a dime in government support, It’s hard to watch so much money funnel into a company who pretty much screwed its own self up.

The kicker? Yes… the 1.65 million in bonus’ that were given out. I know the new chair of AIG and the government are working on “fixing” this situation but how dare you think that that was appropriate to PONDER nevermind distribute, on a Saturday evening as well. That’s not sketchy is it? I don’t care what is contractually obligated, the game has changed, and that means you change with it. A bonus for a group that lost billions in 3 months because of bad business decisions should cause pink slips not bonus’.

My first reaction when I heard this was WOW their stock is going to just plummet, people weren’t happy in the first place, personally my house has devalued over 20,000, I have lost thousands in stocks and in my 401k, yet they are getting billions.. and I know I am one of millions with this issue. So the day this bonus fiasco exploded what did the stock do? IT WENT UP. It was at 30 cents and today it has continued its upward ascent to 1.50 (at around 3:00 today). I see the side of buying low, but i really think that this company needs to just tie up loose ends and that’s that.

I know that a full collapse would be tough, and if I hear “they plan to sell their Manhattan headquarters” one more time, DO IT. Get the cash to pay back everything that is causing the domino of other failed businesses and say goodbye. I know I wont be sorry to see you go.