Top AIG managers did not receive “bonuses”. “Bonus” synonyms are reward, honorarium, gift. A “bonus” is a gift to reward positive performance paid by a private employer. The AIG management received rewards/gifts for negative performance in destroying multi-billion dollar AIG. AIG management simply plundered remaining company cash assets under color of “bonuses”. No more than theft by planned premeditated fraud done with malice aforethought perpetrated by company managers and others for personal financial gain.
FRAUD is any trick or artifice employed by one person/company to induce another person/company to fall into an error, or to retain them in it, so that the second person/company makes agreements contrary to their/companies interest.
AIG demands the right of Public Purse plunder, doing so by maintaining balance sheets with false entries. Claimed is that company “assets” drove them into bankruptcy or the brink of it. “Toxic assets” caused AIG to fail, not fraud by AIG management. Today, it is claimed that ”liabilities” do not cause huge companies to fail. It is their “assets”.
“Toxic assets” are not and never were “assets”, they are the opposite of assets, namely liabilities. Known “toxic assets” never entered the liabilities column on the AIG company balance sheets.
AIG management admits to these balance sheet entries. No “toxic assets” column exists on AIG company balance sheets. It is admitted fraud by AIG management to knowingly enter “liabilities” as “assets”.
Fraudulent balance sheets deceive the public into believing that these companies are viable concerns. Top managers/plunderers continued to sell stock, enter into contracts, and create “confidence” in their financial structure. Top management even use fraudulent balance sheets as pretexts to pay themselves “bonuses” out of company cash assets. These things are inherently fraudulent acts.
Federal regulators concealed the fraud. The fraud continues after the cash assets of the companies are gone. Demands are now for Tax Monies. “Plunder as usual” must continue. Congress and the President enter the fraud and deliver Treasury Monies.
Where are the Federal and State indictments and prosecutions for fraud, theft and other crimes? Or is Nationwide corruption that complete.
