It's time for some AIG executives to hear those words: You Are Fired. Indeed, the public, with the president is outraged about those bonuses. Enough of corporate greed that got us into this economic recession. This news writer reports hearing on MSNBC that AIG ups security afraid of public anger.

President Barack Obama expressed his outrage saying that he has instructed secretary of Treasury Geithner to pursue every leagl action to block the AIG bonuses.

The Wall Street Journal has a great article today filled with all the gory details of how AIG has blown through the $173 billion (and counting) in government bailout money.

The cynicism of some executives and decision makes has no limit. AIG, the American Insurance Group, which last year received taxpayer bailouts totalling $270 billion said that bowing the government pressure it will lower the salaries of the executive managers.

Multiple reports from "people involved in the discussions" indicate that American International Group (AIG) is about to receive another $30 billion in bailout funds.

This morning, we learned that AIG received yet another $150 billion handout. And this afternoon, we learn that last week -- last week, people! AIG sent its top executives to a "secret gathering" at a posh luxury resort in Phoenix.

If you haven't been asleep, you know that AIG was recently bailed out by the U.S. government, as part of the ongoing financial crisis. You might think that as they were just bailed out they might consider being frugal with their infusion of cash --- but maybe not.

Chongqing Lifan Group, China's largest motorcycle maker, says its operations and IPO plan will not affected by the Lehman Brothers bankruptcy in the United States, because its investor AIG is not directly related to the Lehman company and the U.S. government has bailed out giant insurer AIG, reported Jiefang Daily yesterday.

Daughter of Beatles producer after being hit by a car in Japan and lied to by a Japanese Insurance Company brought Japanese Insurance Non-Payment Scandal into the open, adding to the woes of AIG

With the Federal Government extending a $300 billion "helping hand" to financial giants Bear Stearns, Fannie Mae, Freddie Mac, and now AIG, one can't help but wonder why everyday taxpayers can't get a piece of the pie. 

Last night the Federal Reserve announced yet another bailout, this time of AIG. The Fed has agreed to a two-year, $85 billion loan to AIG in exchange for a nearly 80% stake in the company.

The decision by Lehman Brothers to file a petition under Chapter 11 of the U.S. Bankruptcy Code, in New York on September 15, is the latest in a swathe of financial skittles being systematically ploughed to the ground by the credit crisis in the West.