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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: pompsander who wrote (9445)	3/17/2009 11:45:43 AM
From: Bill	Read Replies (1) \| Respond to of 103300

The AG of NY needs to issue subpoenas for the contracts and payment details of the bonuses. How in the world do you have information he doesn't?

To: pompsander who wrote (9445)	3/17/2009 11:47:42 AM
From: DuckTapeSunroof	Read Replies (2) \| Respond to of 103300

Yes, I know.... (And, as I've already posted today --- although they are contractually required to be paid out --- that may not be the final word.) For example, the CEO can suggest that the bonuses be 'voluntarily' returned --- (and those who do not can have their employment terminated). Good luck to any derivative trader in finding a job in today's market with the letters "AIG" on his resume.... :-) I understand that the A.G. in NY is also going after the bonuses --- claiming they were 'fraudulently conveyed' because at the time they were approved AIG (absent bail-out money yet to arrive) might have had a NEGATIVE NET WORTH. In other words: they did not have the money to pay any bonuses and so the bonuses represent an attempt to loot the company. Etc.