AIG recently disclosed that it will be paying out $165 million in bonuses, despite having recently received billions of dollars in U.S. Government bailout money. AIG says that it is contractually obligated to pay out these bonuses, and that it risks extended litigation if it does not pay out. People on both the left and […]
Entries Tagged as 'bailout'
March 16th, 2009 No Comments
April 14th, 2008 3 Comments
I will be one of the first to admit that the subprime mortgage meltdown in the U.S. is harrowing and completely devastating for whole swaths of the U.S. economy. Foreclosures are occurring left and right, and the areas hardest hit are seeing entire sections of neighborhoods now sitting empty, due to foreclosures. The societal impacts are […]