Sunday, March 15, 2009

Money Well Spent


NEW YORK -- Jacob Frenkel, vice chairman of American International Group vows to go forward with the company's plan to "make it rain" to the tune of $165 million at, AIG's corporate offices, after receiving billions in taxpayer dollars. "Our people are kind of down right now", said Frenkel, "you know, almost bringing world's the financial system to it's knees and all has really taken it's toll. No one dreamed we had the cajones to do something like this, so I think it's really going to go over big with our employees." Acknowledging the fact that the American public is outraged at the prospect of hefty bonuses paid with taxpayer dollars to managers who, by any reasonable standard, have been utter failures, a spokesman referred to the company's new, post-bailout slogan "AIG: The Company You Hate."

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