AIG Bonuses Unconscionable

By Robert Weiss

Along with millions of other Americans, I found the AIG bonuses to their executives unconscionable. AIG's use of taxpayers' monies to pay millions of dollars in BONUSES felt like a dagger in the back of America. News of Democrat Senator Chris Dodd's involvement in the drafting of the stimulus bill to allow such compensation felt like a dagger jabbing deeper and deeper into the pockets of the American people. Over the life of Senator Dodd's career, his top five campaign contributors include Citigroup, Bear Stearns, and yes - AIG. In the 2008 presidential race, the top contributors to President Obama's campaign included Citigroup, Chase, and Goldman Sachs. We all know what happened during President Bush's tenure - restrictions and oversight from the SEC and FDA relaxed. What is to come in the next four years? [more...]