If they can't even keep these numbers straight, it's no wonder this company is such a disaster. It's difficult to say what it will take for AIG to register how serious the situation really is but continuing to lavish the failed company with bonuses that grow by the minute doesn't appear to be the way. Again, if Washington wants to kick around Detroit, how about we apply the same rules for Wall Street? Wall Street is much more costly and they've been much more central to our economic problems.
AIG has been provided too many chances, but then again, there's that all important Goldman Sachs connection and we all know nobody on either side in Washington wants to get tough with Goldman. Timmy Geithner might not have a tennis partner or be invited to big parties if he makes them angry and we wouldn't want that. Politico:
In a response to detailed questions from Rep. Elijah Cummings (D-Md.), the company has offered a third assessment of exactly how much it paid out in bonuses last year.
And the new number, offered in a document submitted to Cummings on May 1, is the highest figure the company has disclosed to date.
AIG now says it paid out more than $454 million in bonuses to its employees for work performed in 2008.
