[FoRK] Scary

Simon Dann simon at photogabble.co.uk
Thu Mar 19 04:24:59 PDT 2009


Just nationalize the whole damn system until it is sorted out. As soon as
they see their government paychecks, after crying, they might understand the
shit they are in.

On Tue, Mar 17, 2009 at 10:22 PM, Stephen Williams <sdw at lig.net> wrote:

> Narrowness...  Bonuses are not policies.
>
> Simply delay the bonuses until A) all policies are paid and B) the
> government gets paid back.  In fact, that is an even better plan.  Give all
> of those supposedly smart guys a reason to stick around and make good.  If
> those bonusable guys leave, it could be a death blow to AIG regardless of
> how propped up they are.  In that case the money might just go to pay off
> existing policies and the company would cease to exist as a going concern,
> leaving no ability to pay back the government.
>
> So, simply delay the bonuses, perhaps with a kicker, until such time as the
> hole is resolved.
>
> sdw
>
>
> Kevin Elliott wrote:
>
>>
>> On Mar 17, 2009, at 1:39 PM, Damien Morton wrote:
>>
>>  I read a great suggestion: indemnify AIG against any lawsuits resulting
>>> from
>>> non-payment of bonuses. We can do it for telcos, why not insurance
>>> companies.
>>>
>>
>> Because the goal of propping up AIG is to make sure they pay off the
>> policies they've sold.
>>
>> -Kevin
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