Really, AIG? Really?!
Those familiar with SNL's news skit informally known as "Really?", may remember the likes of some of these hysterical lines:
"Really Blagojevich? You're not going to resign? Even Illinois politicians think you should resign -- and when Illinois politicians think you're too corrupt --you're too corrupt. Really!".
Or the more relevant uproar over American International Group's (NYSE:AIG) prior year luxurious California "team building" retreat:
"Really AIG, really? You went on this retreat 6 days after receiving an $85B bailout, really? Even the mafia knows not to spend money that soon after a heist. Really?! You spent $150K on your personal waiters, really? Was your waiter Prince? I mean really?"
Which brings me to today's news: AIG requested permission from the government to dole out millions of dollars to their top executives. Although they don't actually need permission from the Fed, they feel a bit "gunshy" due to the outrage unleashed upon them a few months ago when attempting to give out similar bonuses. An AIG executive is quoted as saying, "Anytime we write a check to anybody, it's under tight scrutiny.....we want to feel comfortable that the government is comfortable with what we're doing".
Well, excuse the general public for putting the company under tight scrutiny. Last time I checked, the government had a 79% stake in the company -- I mean, really, AIG?! Bonuses, already?!