The Washington Post is reporting that AIG rage has officially arrived in suburban Connecticut where AIG Financial Products Division has offices. Here’s the story:Rage at AIG Swells As Bonuses Go Out I have no concern whatever for these ‘poor’ folks who are now receiving threatening e-mails and so on. Their behavior was sociopathic. They held […]

As if you hadn’t had enough. I have located the text of the ‘Retention Plan’ that AIG is using to defend its payment of the bonuses, it says it is obligated to pay. Here it is in all its glory: AIGFP Employee Retention Plan This is an extraordinary document. It lays out in detail exactly […]

Right on cue the administration seems to be launching a counter offensive against AIG to prevent the payment of those bonuses. As I mentioned this morning the public outcry against AIG was creating a potential political nightmare for Obama. Populist rage against massive payouts to failed companies is already bad enough, but for large amounts […]