major malfunction.......
i told ya
this clown is a screw up......way to lead a
country....
----news snip--------------------
A tidal wave of public outrage over bonus payments swamped
American International Group yesterday. Hired guards stood watch
outside the suburban Connecticut offices of AIG Financial Products,
the division whose exotic derivatives brought the insurance giant
to the brink of collapse last year. Inside, death threats and angry
letters flooded e-mail inboxes. Irate callers lit up the phone lines.
Senior managers submitted their resignations. Some employees
didn't show up at all.
"It's a mob effect," one senior executive said. "It's putting
people's
lives in danger."
Politicians and the public spent yesterday demanding that AIG
rescind payouts that they said rewarded recklessness and greed
at a company being bailed out with $170 billion in taxpayer funds.
But company officials contend that the uproar is scaring away
the very employees who understand AIG Financial Products' complex
trades and who are trying to dismantle the division before it
further
endangers the world's economy.
|