AIG has lost billions of dollars due to its dubious operations. The American government pumps in billions of dollars to rescue it but the management is contemplating using millions of dollars to pay for the bonus and directors` fees. This is ridiculous.
While many Americans are homeless nowadays, AIG is thinking how to enrich its directors. It is using tax payers ` money to enjoy. This is against the wish of all Americans.
Unless and until Obama can stop this type of day light robbery, there is no way the economy can recover.
The rich gets richer. The poor gets poorer. The world`s economic system needs to revise its rules and regulations.
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