[cups]

So what does this mean when these people sue AIG for failure to comply with contractual obligations?

While I’m opposed to my tax dollars paying for someone’s bonus. At the same time they are obligated to pay out. This is the baggage that comes with this TARP money people. get used to it

for f*ck sake, damned if you do, damned if you don’t.

[utahagen]

You are 100% right. Obama is a hypocrite. If you don't trust a business to spend money appropriately, don't lend that business any money! Once you do lend or give money with no strings attached, don't complain about how the money is spent. Obama has set Geithner up to take the fall on this, whichever way it goes down.

[packrat35]

I say let them sue. AIG is nowed 80% by US taxpayer.

Arrest any foolish enough to sue as they are the fraudsters who put us in this mess!

[woofer]

So what does this mean when these people sue AIG for failure to comply with contractual obligations?

AIG can use their own money for that, not taxpayers'.

What? They don't have any of their own money? Tough cookies then.

[21twelve]

“This is the baggage that comes with this TARP money people. Get used to it.”

I was just telling my wife that Obama’s plan is working chillingly well. Give money to companies. Then “expose” the company’s waste of taxpayer money. Both Conservatives and Liberals will make a fuss. They can’t do this - “The taxpayers are getting screwed” (Conservatives) AND “The rich get richer” (Liberals).

So - with huge support from the public, Obama gets to dictate to the companies what salaries will be made, how much profit is okay (remember his “Now is not the time for profits” line?), etc.

Of course you can refuse the bailout. And while being in a stronger in the long run, you might start off $70 million dollars in the hole compared to your competitor taking a bailout.

So - the capitalists will be weeded out, and those willing to have their company affairs dictated by Obama will stay. Revolution meets evolution.

Of course the solution is to not give the companies taxpayer money to begin with, and let the chips fall where they may. (Just evolution).

[Wil H]

So what does this mean when these people sue AIG for failure to comply with contractual obligations?

Remeber the howls of protest over the weekend at the luxury resort right after the bailout?

It was the same thing. The weekend was a sales competition prize awarded to the top independent agents. If they had reneged on it they would have been in legal jeopardy and would have destroyed their independent agent sales channel, which is a very cost efficient way of generating business.

But the media just piled on claiming it was profligate and insensitive.