THIS IS ASTOUNDING

There is no accountability at the top of the Free Market Fairy System. The people who brought AIG down are getting bonuses and there doesn't seem to be much we can do about it. If AIG reneges, the thieves can sue in court to get the money. So much for the morals of the market place.

Insurance giant AIG to pay $165 million in bonuses
Mar 14 10:41 PM US/Eastern
By MARTIN CRUTSINGER
AP Economics Writer

The large bulk of the payments at issue cover AIG Financial Products, the unit of the company that sold credit default swaps, the risky contracts that caused massive losses for the insurer.

A white paper prepared by the company says that AIG is contractually obligated to pay a total of about $165 million of previously awarded "retention pay" to employees in this unit by Sunday, March 15. The document says that another $55 million in retention pay has already been distributed to about 400 AIG Financial Products employees.

The company says in the paper it will work to reduce the amounts paid for 2009 and believes it can trim those payments by at least 30 percent.