MORE BS ABOUT AIGFP

Andrew Sorkin in the NYT tries to justify the retention bonuses this way:

Let them leave, you say. Where would they go, given the troubles in the financial industry? But the fact is, the real moneymakers in finance always have a place to go. You can bet that someone would scoop up the talent from A.I.G. and, quite possibly, put it to work — against taxpayers’ interests.

There weren't any "real moneymakers" at AIGFP.

In an ABC News article.

Russell Miller, the managing director of Executive Compensation Advisors, said there may still be reason to retain them. ... 2) these employees are needed to help turn the company around

But there's nothing to turn around. AIGFP is going to be unwound, then shut down, according to the NYT:

Since November, A.I.G.’s financial products unit has been led by Gerry Pasciucco, a former vice chairman of Morgan Stanley who was brought in by Mr. Liddy with instructions to wind down the unit.