The AIG Exec Bonuses
Don’t Expect an AIG Exec to Give Bonus Money Back. When the Government Pours Tax Money Into Pockets of Corporate Fat-Cats, a Fascist US Nation Takes Shape & NWO Grows Rapidly.
An AIG exec is in place to deflect blame for their failing company and collect taxpayer dollars.
Although the company’s leadership has proven themselves deficient, they have the gall to expect financial reward for their failure.
Throughout the media, many pundits and commentators have been condemning the actions of the executives of AIG for taking massive multi million dollar bonuses after they had received government bail out funding and were collapsing into insolvency.
Many have demanded that the executives pay the money back to the people, but few believe that they would willingly do so. Due to this scandal, President Obama wants to tax the executives bonuses heavily in order to get that money back, but many legal experts have pointed out that this can create an even larger problem legally.
This legal issue revolves around the fact the United States government does not have the power or authority to nullify existing legally binding contracts and by nullifying the contracts made with AIG it would essentially set a precedent that the government can abolish any contract it wishes.
This is especially alarming to legal experts because the Constitution of the United States is a contract as well, given by the people to the government in order to control its actions and limit its powers.
If the Federal government can eliminate executive bonuses by making valid contracts null and void just because the government deems it so, than what is to stop the same government from deciding that the Constitution is a null and void contract as well?
To force the executives to give the money back by nullifying a legally binding contract would perhaps become even more harmful politically than allowing them to just keep the money, because every contract in existence is at stake for government nullification.
AIG Exec Responsible
The executive leadership of AIG is directly responsible for the collapse of the company because the job of executive leadership is to make that that the corporation runs smoothly and that any source of major losses is dealt with and resolved in a timely fashion.
Due to the fact the leadership within AIG did not do anything to prevent the collapse of their own company, but rather participated in actions that sped up the downfall and created the conditions for which a collapse was possible, they are directly guilty for the problems created.
If the AIG exec was not directly responsible for the collapse of the corporation, than it was the executive leadership combined with greed and government regulations that were begging for fraud.
Many believe that all of those who participated in the scandals do not consider themselves guilty because they blame the problem on other factors, and always pass the buck somewhere else.
The cold hard truth of the matter is, the buck stops where the money went, and it went directly in the hands of those whom did not deserve it.
Taxpayer AIG Exec Bonuses
Government regulations have been blamed for playing an important role in the financial collapse because many of these regulations forced banks to conduct in extremely dangerous loaning practices and allowed for banking institutions to sale their debt off to other corporations.
As banks were able to dish out many sub prime loans and then sale the responsibility off to other entities, banks were given a great financial incentive to participate in terrible loaning practices.
Government regulators have been condemned as well for turning a blind eye towards the AIG exec and ignoring all of the highly questionable practices they were participating in.
When the police begin to ignore a particular group of criminals, those criminals become empowered and tend to step up their level of criminal activity.
So the collapse and bail out of AIG is a combination of the faults of many different people and organizations whose job it was to blow the whistle.
AIG Exec and Prison
Although it has become popular to call for the heads of the executives and demand they face justice for their crimes against the nation, many believe nothing will happen along those lines.
Common belief among the population indicates that there is no confidence in the government’s ability to crack down on white collar crime and punish the wealthy elite.
Despite the fact that many AIG leaders have been investigated by the FBI and many allegations of illegal behavior have been made, few expect to see any form of legitimate trial or punishment come from it.
Most citizens expect that the people behind the AIG scandals will get away and hide the money and escape justice.