Don't hate the bankers, the top execs at AIG are hurting, too.

[StageLeft]

See:

http://finance.yahoo.com/news/AIG-t...FmZnM-?x=0&sec=topStories&pos=4&asset=&ccode=

Top executives at troubled insurer American International Group (NYSE:AIG - News) have been struggling financially after taking personal losses in the wake of the near-collapse of the company last year...Five other employees at the company's financial-products division, who are unwinding its derivative trades, lost $88 million in prior pay...But if you look at where they've been this year, they've been pretty much wiped out

See, these guys are reeling, too. They've been "pretty much wiped out". That means they are probably down to a net worth of only several million dollars or something, so don't for a minute think they are not hurting, too. It's tough having to downgrade to a non-turbo Cayenne as a daily driver. We are all in this together.

Isn't this like a starving man telling a morbidly obese man that he's hungry and the obese man saying "I haven't eaten in almost an hour, I know exactly how you feel!"?

 

[piasabird]

They caused their own problems. They can suffer like the rest of America.

If you can't do the time, don't do the crime, Don't Do It!

Just call Shaft!

 

[her209]

They should be at $0 net worth or pretty close to it.

 

[Robor]

They should be at $0 net worth or pretty close to it.

Exactly... They caused people to lose their jobs, houses, retirement, etc. Fuck them! :thumbsdown:

 

[soccerballtux]

Exactly... They caused people to lose their jobs, houses, retirement, etc. Fuck them! :thumbsdown:

They are a corporation. There are hundreds of them. If one hadn't done it another would have. So they all had to do it to remain competitive.
Yelling at them is the childish, uninformed thing to do. The right thing to do is yell at the government that made this all possible in the first place. Re-instate Glass-Steagall and we can talk about the bankers.

 

[werepossum]

Wow, five people lost $88 million, ten people lost $168 million because they bankrupted the company they ran, rendering their bonuses non-existent and their stock options worthless. Now they must somehow live on their half-million dollar salaries. They'll be forced to drink domestic champagne. Domestic!

On the bright side, there's now employment for the man playing the world's smallest violin.

 

[CitizenKain]

They aren't hanging from light poles yet, so they really don't have much to complain about.

 

[Acanthus]

Exactly... They caused people to lose their jobs, houses, retirement, etc. Fuck them! :thumbsdown:

Well, not to defend AIG or anything... Most of those people have left or were terminated from AIG. AIGFP is only ~41 employees.

 

[Blackjack200]

Love this thread!

I'm mad and they have money! WRAAAAH!!!!

Kind of reminds me of the old mob scenes in the Simpsons.

 

[Hacp]

Lol poor them. We should send all those AIG scumbags to Guantanamo... Too bad Obama is closing it.

 

[wetech]

Well, not to defend AIG or anything... Most of those people have left or were terminated from AIG. AIGFP is only ~41 employees.

It was actually about 400 employees, and the ones personally responsible for the mess have left or been terminated. And while they were paid well, most employees were not making the multi millions that everyone thinks. The total pay due that was lost when AIG went down was about $700 million.

 

[wetech]

Exactly... They caused people to lose their jobs, houses, retirement, etc. Fuck them! :thumbsdown:

Bullshit. They didn't cause anyone to lose their house. People buying houses they couldn't afford caused people to lose their house.