AIG gets taxpayer bailout...BONUS?

[Puckstop31]

Puckstop,

Get over yourself will ya? Crawl back under the rock you slithered out from.

Good grief people....

Just good grief....

[cassiesmom]

Okay, I have another question that shows how little I truly understand this situation. Remember when the phone companies had to be split up because they constituted a monopoly? They were a lot smaller, and then some of them merged with each other, and then there were more mergers and now there are huge companies again (for example: Illinois Bell -> Ameritech -> SBC -> AT&T). Why was that not done with AIG? Why was AIG allowed to continue to operate as one enormous corporation that was recently deemed "too big to fail", instead of being split out into its component businesses? Will the company be divvied up now, I wonder?

Thanks,
Elyse

[smokey the elder]

Part of the conditions of the "bailout" is that AIG sell parts of itself to pay back Uncle Sam (read: us taxpayers.) Unfortunately, with the credit market mired in the Ice Age, and cash flow nonexistent until recently, there was no one in the market for the pieces.

[blue]

THe same congress braying about bonuses, gives themselves a $93,000 increase EACH* in spending money!!!!??

http://www.youtube.com/watch?v=wNRt9R7S8aM

*Edit