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Sorkin also said not paying the bonuses could spark problems across the business community. "If you think this economy is a mess now, imagine what it would look like if the business community started to worry that the government would begint abrogating contracts left and right," wrote Sorkin.[49] Joshua Zumbrun ofwel Forbes and Eliot Spitzer of Slate argued that the outrage aan bonuses distracted from a larger issue: that AIG had taken much ofwel the bailout money and used it to settle contracts with its counterparties, Wall Street banks, hedge funds and non-U dan ook.S. banks, at full price.[50][51]
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CNN reporter Carol Costello said "Some political analysts fear public anger has reached a tipping point."[5] Commentator William Kristol wrote "Can capitalism survive the behavior ofwel some capitalists? It's always been an open question. But if capitalism is to survive, shouldn't the Republican party, the party that defends democratic capitalism, be particularly vehement in denouncing its excesses? Isn't this a pretty spectacular one?"[30] Robert Lenzer wrote in Forbes that "The $170 billion bailout ofwel AIG and the $165 million bonus outrage are the result of reckless behavior by AIG and most especially by its egomaniacal former chairman, Maurice "Hank" Greenberg.
P. employees were assured many times following the government bailout in September 2008 that AIG would honor the pre-existing retention contracts with scheduled payments to be made in March 2009, and that AIG-F.P. employees believed they were let down by Liddy's lack of support against opportunistic political pressure. He also stated he was going to donate his March 2009 payment to those suffering from the global economic downturn.[69] References[edit]