Catpaw – diary of an angry cat

So… the figure I quoted on the AIG bonuses was a wee bit off. It was revealed today the figure is about $55 million more than previously reported. Looks like they paid out $218 million in bonuses. The execs at AIG are looking more and more like a bunch of drunken frat boys on spring [...]

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US President Obama instructed the Treasury to look into the massive bonuses being paid to AIG staffers. AIG, which is seeking more huge government bailout funds and helped fuel the current economic meltdown, planned on handing out $165 million in bonuses to the same staffers who helped create the collapse. They say they are “contractually [...]

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