It would seem to me ANY Risk Taking should only insue ensue when their public debt has been satisfied. Until that point, I don't believe any form of 'experimentation' of financial instruments should be conducted. The landscape hasn't changed that much and basically, AIG should never have existed anyway. There is no private entity capable of insuring banks or investment corporations. The only entity capable of such 'high roller' stakes is a sovereign government. When will the financial industry stop gambling with the lives of Americans and their future?
AIG heads back to pig trough for bosses' pay (Click title to entry - thank you)
Kenneth Bazinet and Bill Hutchinson Daily News Staff Writers
Friday, July 10th 2009, 4:00 AM
Just months after sparking national outrage by paying executives big bonuses, the American International Group is hoping to dole out $2.4 million more to top bosses.
AIG is hoping President Obama's new compensation czar, Kenneth Feinberg, goes along with dishing out more gravy to about 40 corporate officers next week, The Washington Post reported on Thursday.
Bosses are hoping approval by the government will shield the company from public furor.
A Treasury Department spokesman wouldn't reveal Feinberg's view on the bonuses but said, "Companies will need to convince Mr. Feinberg that they have struck the right balance to discourage excessive risk taking and reward performance for their top executives."
