Quote:
Originally Posted by Poppinjay
I must have missed a memo, aren't carriers host to Navy pilots, not Air Force?
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You are correct and I was wrong. I often use "Air Force" generically to refer to military people involved in flying aircraft. I will be more precise in the future, especially if it materially alters a point.
---------- Post added at 05:56 PM ---------- Previous post was at 05:45 PM ----------
Quote:
Originally Posted by roachboy
against my better judgment. if you look at the list of the latest institutions which got payouts from aig, it'll become obvious where the pressure came from any why:
http://www.marketwatch.com/news/story/aig-details-105-billion-payouts/story.aspx?guid={74DD6FC0-D2D8-4925-8B84-F8E4BEBEEADB}&dist=morenews_ts
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Here is a quote from the article you cited:
Quote:
President Barack Obama said on Monday that his administration will attempt to block the bonuses.
"This isn't just a matter of dollars and cents. It's about our fundamental values," said Obama.
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Obama's comments illustrate what you get when people who have never run a business or have had operational control of something take charge. Instead of acting like the "owner", which the government is, he fakes outrage and pretend he is not in control.
Here is how to handle the bonuses. Tell the CEO to meet with all the people contractually entitled to a bonus. Have the CEO tell them, they can either be fired or we can re-negotiate the agreement so that no bonus will be paid until after the bailout money is returned.
Obama, needs to act like he owns AIG and controls the check book. And, regarding the checkbook, he should tell the CEO about this new thing called an Excel Spreadsheet. Mr. CEO, in one column put the money we give you and in another list all outgoing payments - and send me a copy every day - and make sure it balances to what you have in your accounts.
We don't need hearings. We don't need legislation. We just need someone with business sense.