Comments on: AIG Bonuses Have You Pointing the Finger in the Wrong Direction

By: Weekend Link Love - Amateur Asset Allocator

Weekend Link Love - Amateur Asset Allocator — Sun, 29 Mar 2009 23:44:07 +0000

[...] much like me, thinks the AIG bonus controversy is a red herring. How would you like it if your Christmas bonus were cancelled merely because some of the [...]

By: Weekly Personal Finance Links- Almost Final Four Edition

Weekly Personal Finance Links- Almost Final Four Edition — Sun, 29 Mar 2009 12:51:05 +0000

[...] AIG Bonuses Have You Pointing Your Finger in the Wrong Direction at Weakonomics [...]

By: Your Two Bits » AIG Bailout and Bonuses

Your Two Bits » AIG Bailout and Bonuses — Tue, 24 Mar 2009 06:22:44 +0000

[...] After publishing this post, I ran across a post on the Weakonomics blog that covered this same topic, with some additional interesting points. “AIG Bonuses Have You Pointing the Finger in the Wrong Direction.” [...]

By: Michael

Michael — Tue, 24 Mar 2009 06:15:42 +0000

This post and the comments are right on the money (literally). I just blogged about this tonight and then an hour later found this post, with great points in it. I’m glad to see others who have similar thoughts about where the blame lies (Revanche and Darwin’s Finance) and how this uproar from our elected officials seems to be more about distracting us either from the fact that they are inept in their efforts or that they are trying to sneak something else past us (Ron@TheWisdomJournal).

Like everyone else, I thinks it’s a mess that AIG gave bonuses to people who performed poorly enough that they did not prevent AIG from essentially going bankrupt. However, I also think we as taxpayers get shafted twice in this deal. To quote a point that I made in my post: “In normal conditions, our disgust could be demonstrated by not buying the company’s product, causing it to fail or severely stumble…. However, in this case with AIG, because we have bailed them out and won’t allow them to fail, it will only cost us more as the government has to pump more money—our money—into the company to make up for people not wanting to do business with them. That means we end up paying twice for a product we don’t want.”

It’s a quagmire, I just hope our government officials can stop digging us deeper into this mess in their short-sighted attempts to dig us out.

By: Carnival of Personal Finance 197 | Paying For Retirement

Carnival of Personal Finance 197 | Paying For Retirement — Tue, 24 Mar 2009 02:31:31 +0000

[...] Weakonomics offers his view on the AIG bonuses. [...]

By: Happiness Is Better

Happiness Is Better — Mon, 23 Mar 2009 13:26:33 +0000

Great article. I had read about how AIG was contractually obligated to give the bonuses out, but to my knowledge, the contractual agreement wasn’t highly publizied.

I am not intimately familiar with the auto bailout, but I hope that our representatives learned something from the initial AIG bailout.

Great post!
-Dustin

By: Carnival of Personal Finance #197 | Growing Money

Carnival of Personal Finance #197 | Growing Money — Mon, 23 Mar 2009 13:01:28 +0000

[...] AIG Bonuses Have You Pointing the Finger in the Wrong Direction [...]

By: Carnival of Personal Finance #197 : Carnival of Personal Finance

Carnival of Personal Finance #197 : Carnival of Personal Finance — Mon, 23 Mar 2009 10:09:27 +0000

[...] The 197th edition of the Carnival of Personal Finance is live, hosted by Four Pillars. The focus this week is on basic investing topics including asset allocation, indexing, and financial goals. Here are the editor’s picks for the week: AIG Bonuses Have You Pointing the Finger in the Wrong Direction [...]

By: Learn The Basics of Investing - Edition #197 of Carnival of Personal Finance

Learn The Basics of Investing - Edition #197 of Carnival of Personal Finance — Mon, 23 Mar 2009 02:10:34 +0000

[...] points out that the AIG bonuses are a red herring. It’s the government you should be looking [...]

By: Ron@TheWisdomJournal

Ron@TheWisdomJournal — Thu, 19 Mar 2009 16:27:23 +0000

With all the attention being paid to this AIG dust up, it makes me wonder what our attention is being diverted from. It’s like buying a $25,000 car and getting all crazy over a $25 floor mat.