Music Banter - View Single Post - Obama Threatens to Abrogate AIG Contracts
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Old 03-25-2009, 01:37 PM   #28 (permalink)
TheBig3
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Join Date: Aug 2004
Location: Boston, Massachusetts
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I think some of the issues are slightly askew here. What I've come to understand is that a large degree of AIG was well functioning and profitable. The mortgage lending component, that got into the sub-prime mortgage market was three times more profitable, albeit 3 times more corrupt.

The issue here being that the company and some employees are getting unneeded ire because they work for that company.

Now I'll say, the idea that there associated isn't our fault, if the company wants to run themselves into the ground, so be it. but if thats out position, then we can't pick and choose. They either are allowed to play ball as a company and hand out bonuses to anyone they want, or we need to say quite a few people don't deserve to loose there jobs because they were "accomplices" in fraud.
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