AIG pays $165 million in Bonuses; Obama's Small Business Plan; Babysitter tape sex with kids

A.I.G. Planning Huge Bonuses After $170 Billion Bailout
•Planning to pay $165 million in bonuses to executives in the same business unit that brought the company to the brink of collapse.
•This is after the taxpayers gave $170 billion in to AIG.
•Treasury Secretary Timothy F. Geithner told the firm that it was unacceptable, but it didnt matter.
•Apparently, he firm was contractually obligated to pay them.
•The new bonuses are in addition to original $121 million in previously scheduled bonuses for the companys senior executives and 6,400 employees
http://www.nytimes.com/2009/03/15/business/15AIG.html?_r=2&hp

White House May Want AIG Money Back
•Administration Investigating Ways To Retrieve Some Of The Millions AIG Used For Bonuses
•AIG disclosed Sunday that it used more than $90 billion in federal aid to pay out foreign and domestic banks.
•Some of these have already received billions in bailout money.
http://www.cbsnews.com/stories/2009/03/16/business/main4868077.shtml

California's state work force grew despite budget woes and cut promises
•despite Gov. Arnold Schwarzenegger's order to freeze hiring
•From June 2008 to February 2009, most state agencies either increased or kept the same number of full-time employees
http://www.sacbee.com/topstories/story/1702192.html?mi_rss=Top%20Stories

G-20 Commits to Recovery Measures, Not Stimulus Spending
•Finance ministers and central bank governors from the Group of 20 leading nations met and agreed to some measures, but theyre not backing the stimulus spending.
http://online.wsj.com/article/SB123702789137730081.html


HIV/AIDS Rate in D.C. Hits 3%
•At least 3 percent of District residents have HIV or AIDS, a percentage that far exceeds the 1 percent threshold that constitutes a "generalized and severe" epidemic.
•2,984 residents per every 100,000 over the age of 12 have HIV/AIDS
•"Our rates are higher than West Africa," said Shannon L. Hader, director of the District's HIV/AIDS Administration
•*AIDS has the black community incredibly hard.
http://www.washingtonpost.com/wp-dyn/content/article/2009/03/14/AR20090314021...

Baby sitters accused of taping sex with children
•According to Veedersburg Police, a couple ran a baby-sitting service out of their home videotaped themselves performing sex acts with children, some as young as 2 months old,
•Stephen E. Quick, 31, and Samantha Light, 25,
•Apparently, police found a videotape depicting sex acts involving Quick and Light and at least four different children between the ages of 2 months and 6 years old
http://apnews.myway.com/article/20090314/D96TME501.html

Obama says US economy sound, reassures investors
•Obama met in the Oval Office with President of Brazil
•Obama said, "I think that not just the Chinese government, but every investor, can have absolute confidence in the soundness of investments in the United States,"
http://apnews.myway.com/article/20090314/D96U1UF02.html

Obama to unveil plan to help small businesses
•$730 million from the stimulus plan that will be used to immediately reduce small-business lending fees and increase the government guarantee on some Small Business Administration loans to 90 percent.
•Small Business Administration currently guarantees payment on 85 percent of a loan up to $150,000, and as much as 75 percent on loans of more than $150,000.
•*Obama going to raise taxes on the people who make over 200k/year, so will his policies be a net gain or a loss for small business owners.
http://www.msnbc.msn.com/id/29704267/

Bernanke: recession could end in '09
•Bernanke said, America's recession "probably" will end this year if the government succeeds in bolstering the banking system
http://news.yahoo.com/s/ap/20090316/ap_on_bi_ge/bernanke60_minutes

Global Stocks Rally on Improving Economic, Banking Outlook
http://www.bloomberg.com/apps/news?pid=20601087&sid=aErhJ6WjgzPw&refe...

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[KhmerD0g]

what the hell wrong with your webcam? it's flashing

[DEMCAD]

I'll fix it. Sorry. I need to get more light.

[russomania75]

bring back the mob!!!!!!!!!!!!!!!!!!!!!!!!!!!­!!

[evane1989]

Obama isn't on your side, do you not understand?

[amcanmike]

ARE YOU SHOCKED THEY RUN THE WORLD

[candiceevans1]

people dont realize how huge 8 trillion dollars is,,,when I say TONS of money,,,itis actually tons for 1 trillion,,,8 trillion could fill an entire city,,,its more than the entire value of a country,,,we transferred our entire wealth to these people and we are all iunemployed,,,we need to raise up and march on DC every day until we are given a fucking bail out

[AAAAkuuuu]

All bonuses should be confiscated till they pay back the whole bailout.

[7jerryv7]

Welcome to capitalism

[phantomcharger]

Even if the stock market rallies it wont change the fact that the country is very deep in debt and the trade deficits continue in the billons, as long as we dont make things here in the US, and we continue with huge trade deficits nothing can really change only get worse

[phantomcharger]

Shit, they want to make the government bigger by nationalizing healthcare!!!

[daddyyy58]

Son, Its true PAPER pushers who mke shit loads of money, its true Im a paper pusher, but Im not a fat ass, I paid my dues as a kid lifting shit diggin' ditches working in warehouses. Just always knew I was better than that.....And so are you, if you want to be. If you do the right things your resume will become a portfolio and your outlook on the world will change....your shit is your shit! The first thing you need to do is learn decent grammer, its sit not set, its their not there..IDIOT

[12235117657598502586]

No one in America wants to vilify/hate rich people/companies who have successfully created their own wealth using their own money or money from private investors...What the American people strongly and rightfully object to is rich people who fail & then get public money to help keep them rich..while the public get poorer (eg AIG)

That's what the people hate - cos it's unfair & socially greedy!

It's like some rich business saying: 'whats mine is mine & whats yours is mine too'!

[DEMCAD]

Who are you trying to?

I know you're not talking about me. Ironically, I spent all Thursday moving furniture. lol. In Flint, i used to clean out houses and unload trucks in landfills (as a side job.)