There were $165 million in bonuses paid to executives at AIG with 73 employees getting bonuses of at least $1 million each. AIG got $170 billion in taxpayer bailout money.
Freddie Mac and Fannie Mae also gave bonuses of 1.5 million to executive VP, $850,000 to its chief financial officer and $700,000 to a senior vice president at Freddie, and Fannie gave its chief operating officer $871,000 as well as three other top execs getting $600,000 to $737,000, according to USA Today.
The people that reaped the harvest caused the problem.
UAW workers were forced to give up their $750 Christmas bonus, give up sub pay when laid off, and new changes in overtime policies with thousands of laid-off workers, and plant closings so Ford, GM and Chrysler can get a loan from the government that has to be paid back.
Does this sound fair?