Shame on AIG

I am so disgusted with the news that AIG pay hundred million dollars in bonus to the executive (Marketwatch: AIG plans bonuses to financial-products employees). Shame on you. Why you can award our tax money to the top level executive and laid off the middle management and low level employee? Can the AIG executive get the bonus money if we don't bail out?

I agreed with senator Dodd: "You can write a tax provision targeted specifically at 98 percent of the taxable proceeds." (Fox News). Let do it, Congress.

Another Bad Day on Wall Street

Dow lost 450 points after the FED loan 85 billion to AIG. Hope tomorow, it better.

Lehman Files For Bankruptcy

What a crazy weekend!

Lehman Brothers to File for Bankruptcy After Suitors Drop Out
Bank of America to Buy Merrill
AIG Scrambles to Raise Cash, Talks to Fed

Tomorrow will be a nasty trading day. Market may be drop about 3 digits, I guess.

AIG down too...

Along with Lehman, Washington Mutual Bank, AIG down too. At the close on Friday, Sept. 12, 2008:

AIG: $12.14

LEH: $3.65

WM: $2.73

The financial sector is no good. Be careful.