The U.S. unemployment rate has risen to 8.1% – yet taxpayers are providing more than $170 billion in bailout assistance to help keep American International Group (AIG) afloat while they pad their executives' pockets with generous bonuses.
It's unconscionable. Amidst the worst financial recession since the Great Depression, AIG executives have been given $175 million in extravagant executive bonuses, while they have driven their company to the brink of failure. What kind of priorities does AIG have if these executives still have jobs, and why are they doing this with your money?
Taxpayers are keeping AIG afloat – it is time that you get better protection for your investment. Tell U.S. Secretary Geithner that you want him to do everything legally possible to block the AIG bonuses and to hold those who are responsible for AIG's failures accountable.
Dear US Secretary Geithner,
It's unconscionable. Amidst the worst financial recession since the Great Depression, American International Group (AIG) is providing extravagant executive bonuses without any accountability to the taxpayers who are providing more than $170 billion in bailout assistance to help keep AIG afloat.
AIG is a corporation in financial distress because of reckless investments. How do they warrant 175 million dollars in extra pay?
[Your Comments]
I am outraged that AIG executives are receiving extravagant bonuses while the U.S. unemployment rate is at 8.1% and growing.
Taxpayers are keeping AIG afloat. It's time for you to use your leverage to do everything legally possible to block the AIG bonuses, and pursue every legal avenue to hold those responsible for AIG's failures accountable.
Sincerely,
[Your Name]
[Your Address]
CC: President Obama
