Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Dan3 who wrote (219663)	9/10/2009 9:48:09 AM
From: ChanceIs	Read Replies (1) \| Respond to of 306849

>>>Sounds like it's time for $50 Billion in bonuses for the executives<<< Yes, that's correct. The pecking order in bankruptcy goes something like this: wages, taxes, bond holders, unsecured creditors, and then stockholders. One could argue that bonuses were part of wages. I have no idea how that would fly. Much better to spend the cash on the bonuses today than to have the situation muddied up in BK. I believe that AIG did get its bonus pool and executive retreat under the debtor in possession financing - aka taxpayer bailout.