Posted On: October 3, 2008, 1:41 pm CDT

Posted By: Sheltowee

Ding Dong

And do you know what else they did? They gave their top employees a raise. I know of one employee that his posistion included critical oversight of the financial books for AIG, already making $5,000,000 per year that got a promotion and a raise to $7,000,000 per year after this so called bail out. His wife conveniently is a lobbyist (she can make $30,000 for just showing up, shaking hands, drinking the best wine and eating the best steak- this is her work). How do I know - his wife likes to brag. By the way did the House and Senate even vote on this bail out?
And they've already cashed in on 90% of the line of credit. This is outrageous.

And as far as the P & C. It remains in jeopardy until it is sold. Regardless of what the company says. Brokers will stay away from it unless AIG is offering a rate signicantly lower then the competition. The Broker will be selling price only. This will effect the companies profitability. Believe it or not this could happen very quickly (6 months), it will take much longer to find a buyer.