Treason 1 : the betrayal of a trust : treachery 2 : the offense of attempting by overt acts to overthrow the government of the state to which the offender owes allegiance or to kill or personally injure the sovereign or the sovereign's family
Is AIG cocky or what? They intentionally missed a designated deadline (Monday, March 16th) to fork over details about the employees who were perched to receive millions in bonuses. Are they spitting in the wind? Well, whatever they are doing it is down-right treasonous when you consider the state of our economy versus the state of their bank accounts…Why doesn’t anyone want to use the “T” word anymore? TREASON! There…I’ve said it. Did I mention that their bonus checks were mailed Friday? This company has received more than $170 billion in bailout bucks, however, they have reported a $61.7 billion loss for last year’s fourth quarter. I believe this makes them the biggest corporate “losers” in the history of the world! Andrew Cuomo (Attorney General-N.Y.) started investigations into the AIG bonuses to see whether or not any of the recipients were instrumental in the near-collapse of the insurance giant. Additionally, Mr. Cuomo and his henchmen will check into any fraudulent payments under the laws of the state. Interestingly enough, now, he is issuing subpoenas for the information instead of during the initial “request”. When will this gentlemen's game end? Now, they have time to play the Bernie Madoff hide-the-money game! It's time to take off the gloves! It is interesting to note that my first blog was spawned due to AIG's mismanagement of funds back in September of 2008 and...six months later...they are still the bane of America's existence. Well, one of the top five anyway!
By JENNIFER MALLOY ZONNAS, AP Business Writer Jennifer Malloy Zonnas, Ap Business Writer – Mon Mar 16, 12:14 am ET: NEW YORK – American International Group Inc. used more than $90 billion in federal aid to pay out foreign and domestic banks, some of whom had received their own multibillion-dollar U.S. government bailouts. Read all about it!http://news.yahoo.com/s/ap/20090316/ap_on_re_us/aig_bailout
Note: I just pray that definition 2 of treason isn't the case with AIG. Treason:2 : the offense of attempting by overt acts to overthrow the government of the state to which the offender owes allegiance.
May God bless America...and may America deserve it!
Zanne Booker 03-16-09