AIG Outrage
Out of context: Reply #12
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- TheBlueOne0
Save some outrage for Citibank and Morgan Stanley as well:
"Anticipating restrictions on bonuses, officials at Citigroup Inc and Morgan Stanley are exploring ways to sidestep tough new federal caps on compensation, the Wall Street Journal said.
Executives at these banks and other financial institutions that received government aid are discussing increasing base salaries for some executives and other top-producing employees, the paper said, citing people familiar with the situation.
The discussions are at an early stage, partly because the government has not yet issued specific rules on the bonus payments that will be allowed at companies that received aid under the government's Troubled Asset Relief Program, the paper said."
http://www.reuters.com/article/G…
Yup. "Free" market economics. Transparent as fuck and all privileged, leveraged asymmetrical information as far as you can see.
- You have government messing with the market for years, subsidizing, guaranteeing and now you blame free market?raf