Tuesday, March 17, 2009

The real numbers behind the AIG bonuses

We are watching the DC weasels screaming about the $165 million bonuses handed out to AIG executives. Barack Obama on down want us to believe that they are truly outraged on behalf of the American taxpayers - that's us.

Here is where the real dollars went from AIG:

$13 billion (that's billion) to Goldman Sachs

$7 billion (that's billion) to Merrill Lynch

$5 billion (that's billion) to Bank of America

and over $40 billion (that's billion) to affiliated banks in Europe.

So let's see, moral outrage and indignation over exec bonuses of $165 million (that's million) while this very company doled out mega billions to other institutions.

This can be a very long and painful 4 years or the American people can say "no more" and bombard our elected officials until the phones ring off the hook.

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