AIG execs should quit or commit suicide!

The economic crisis is rocking the foundation of many companies in the world today. Due to poor judgments by top banks and financial institutions now the governments of many countries are suffering a huge deficit.

The American government, led by President Obama has decided to use Tax payers’ money to bail out American companies to prevent further damage to the country’s financial situation. $165 million bail out money was given to AIG and Merrill lynch was bought over by “Bank of America”.

What does AIG do with the money? Instead of trying to clear out the mess, they are using the money to pay Bonuses as huge as 1 million to selected senior members in the company.

This people are the very reason why the economy slumped.
What the meaning of Bonus? I checked in the online Webster dictionary, it says “something in addition to what is expected or strictly due”.
For a company which is performing below expectations, they are paying out above expected money to the culprits.

This does not make any sense at all? No wonder President Obama is Furious.

AIG has shown lack of gratitude to the US government and their investors. Like senator Charles Grassley said “AIG execs should quit or commit suicide”. As I heard in the news later, that he took back the later part of his statement.
Imagine I am a football player, I would have scored 3 goals in the game and created many, but if my team lost, there is no room for glory. Similarly, the bonus idea is unjustified; this shows your lack of intelligence in management of money. With that why you any one want invest their life savings with you?

Time to ask my mom to try salvage the 21 year saving plan she has with AIG. Although it is still premature, why risk losing it all?