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Why would some of the tax-payer billions given to AIG end up going to European Banks instead of American ?
Because AIG is a world wide company...they don't all live here, or bank here...AIG is HUGE...
For all our crying over these bonuses, there were bigger bonuses given before the first of the year to other companies...which cannot be touched...and I highly doubt Congress can single THESE people out and tax them at a different rate than the rest of the country...If it turns into legal wrangling, why would Congress care?? It's still not their money their spending on legal fees...it's OURS...
They really did us in, when they decided they couldn't bother to read what was in that bill...they should all tax their own annual salary, for a job poorly done.
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Speaking of those bonuses, Senator Christopher Dodd (D-Conn) went wobbly last week when asked about his February amendment ratifying hundreds of millions of dollars in bonuses to executives at insurance giant AIG. Dodd has been one of the company’s favorite recipients of campaign contributions. But it turns out that Senator Dodd’s wife has also benefited from past connections to AIG as well.
Political favors, seemingly...not what I voted for.
Me, I'm curious to see what the stand is from leaders in both parties on what & how to tackle the mess we're in...nobody seems to be doing the right thing, NOR advocating it.
The question had nothing to do with the bonuses - they were in the millions - the question referred to the bailout $93 billion sent to European Banks and Goldman Sachs instead of American Banks - our tax-payer money.
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