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Article: Scripps Howard News Service; WASHINGTON - This [Derived headline]
- Article from:
- Burlington County Times
- Article date:
- November 18, 2008
- Author:
CopyrightCopyright 2008 Burlington County Times. Provided by ProQuest LLC. (Hide copyright information)
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By Dan K. Thomasson
Scripps Howard News Service
WASHINGTON - This could only happen in America.
The insurance giant AIG that is more than a little responsible for the current economic crisis reportedly has decided to lay out $503 million of early deferred compensation to top employees so they won't abandon a ship that is being kept afloat only by billions upon billions of taxpayer dollars.
Think about that for a minute, folks. These are the same guys whose unfettered greed and arrogance helped destroy the housing market and bring about the worst economic downslide since the Great Depression. Why would anyone want to keep them? Is it so that they can continue to exert policies that have ...