Insurance Giant AIG To Pay $165 Million In Bonuses

[Aleta]

On TV this morning they were saying that the bonus's weren't necessarily for the financial parts of AIG that failed but to the the insurance side where they seem to do well in and the bonuses go to those who performed well. These bonuses are also spread out. It's not like one person receiving 25 million. Some of the bonuses are smaller ones.

It's anyone's call as to the real story because everyone that has a dog in the race is spinning the story in their own favor.

[cptacek]

Declaring bankruptcy might have given them the right to cancel bonus contracts -- unfortunately getting bailed out from the government didn't.

Good point sweeps! With the bailout, we are in kind of an Alice in Wonderland situation where everyone is wondering which laws we should follow (should we honor contracts? If not, which ones can we break with impunity? Which ones have to be upheld, and who decides that?)