AIG Creed of Greed

Here we go again with the political finger pointing and corruption within the system... it's unbe-fucking-lievable how greedy banks are these days... AIG got a $170 billion bailout paid by the American taxpayers and what do they do with it? they spend $165 million on "retention bonuses" to corporate executives of the "struggling" enterprise... the sad part is that over 50 of the recipients of these bonuses that were in extreme excess of $100,000 each have left the company... there are "rumors" that these bonuses were bribes to avoid leaking sensitive information on the business practices of AIG to potential employees that could leave the company to join one of their competitors... government supported extortion is what I call it... I have the utmost respect for President Barack Obama for accepting full responsibility for resolving the banking debacle that has bringing down capitalism for years now... Geithner does admit that he should have known about the bonuses earlier... meanwhile, Democratic Senator Chris Dodd from Connecticut admits his guilt in his part in the removal of the contract stipulation included in Obama's Stimulus Bill signed last month that would have prevented these bonuses from being distributed... Dodd also called for a 90% retribution tax on the money received from these bonuses, which is somewhat of a positive step forward... Obama has refused to join in on the finger pointing, supports Treasury Secretary Tim Geithner and is not making excuses... no double talk, no empty promises, he's just telling the American public that these issues will be addressed and measures will be taken to ensure that this does not happen again.

this entire issue is just proving my theory that every creation is destroyed by its creator... capitalism was created by wealthy, business-minded politicians and businessmen and the greed which fuels the "American Dream" is causing its collapse... hopefully our government steps up and takes back the power from the corrupt corporate America and reverses the pipeline burst we're seeing that gives big business too much power in this country... not only in the banking and financial industries, but in healthcare, education and energy companies... it makes me sick that PA Governor Ed Rendell failed in trying to prevent Sunoco from laying off 750 Sunoco employees in Pennsylvania in the next few months... these layoffs arent to allow Sunoco to stay afloat as a leader in the oil industry, they are corporate decisions made in order to increase profit margins in the near future... I know that our Federal government is already tackling an enormous problem in the financial industry, but as soon as that is stabilized, oil companies should be investigated and better regulated to protect employees from heartless corporate greed.

Greedy bastards like AIG CEO Ed Libby and Sunoco CEO Lynn Laverty Elsenhans need to be locked up for crimes against the American labor force.

_Edward M. Liddy_____________Lynn Laverty Elsenhans