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    <title>Bradford Giaimo - Seeking Alpha</title>
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      <title>AIG's Bold Move and Why I'm Shorting the Long Bond</title>
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        <![CDATA[<p>Looks like our friends at [[AIG]] are trying to pull a fast one. After being given a second chance at life, thanks to a taxpayer bailout to the tune of $152 billion, AIG announced on Wednesday evening that 130 managers will receive &ldquo;cash awards&rdquo; including a $3 million &ldquo;award&rdquo; to one of them. I suppose they figured it may slip under the media radar by releasing the news just prior to the long Thanksgiving holiday. Well it didn&rsquo;t get by me.</p>  <div> </div>  <p>It wasn&rsquo;t but a few weeks ago that the public was in outrage after catching wind of a lavish &ldquo;retreat&rdquo; AIG put on. To calm the masses, many of whom are demanding their heads on a platter, AIG announced they would not be paying bonuses to their executives this year. To pull this &ldquo;cash award&rdquo; stunt on the heels of such an announcement infuriates me. We could debate all day long as to whether or not using taxpayer money to bail out financial institutions is good for this country, but the fact that you and I just paid a high-level AIG manager a $3 million bonus (or whatever they want to call it) makes me sick. Okay, now that I got that off my chest, let&rsquo;s talk about this market.</p>]]>
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      <pubDate>Mon, 01 Dec 2008 02:54:48 -0500</pubDate>
      <author>Bradford Giaimo</author>
      <description>
        <![CDATA[<strong><a href="http://www.q3assetmanagement.com/">Bradford Giaimo</a> submits:</strong><p>Looks like our friends at [[AIG]] are trying to pull a fast one. After being given a second chance at life, thanks to a taxpayer bailout to the tune of $152 billion, AIG announced on Wednesday evening that 130 managers will receive &ldquo;cash awards&rdquo; including a $3 million &ldquo;award&rdquo; to one of them. I suppose they figured it may slip under the media radar by releasing the news just prior to the long Thanksgiving holiday. Well it didn&rsquo;t get by me.</p>  <div> </div>  <p>It wasn&rsquo;t but a few weeks ago that the public was in outrage after catching wind of a lavish &ldquo;retreat&rdquo; AIG put on. To calm the masses, many of whom are demanding their heads on a platter, AIG announced they would not be paying bonuses to their executives this year. To pull this &ldquo;cash award&rdquo; stunt on the heels of such an announcement infuriates me. We could debate all day long as to whether or not using taxpayer money to bail out financial institutions is good for this country, but the fact that you and I just paid a high-level AIG manager a $3 million bonus (or whatever they want to call it) makes me sick. Okay, now that I got that off my chest, let&rsquo;s talk about this market.</p><br/><a href='http://seekingalpha.com/article/108495-aig-s-bold-move-and-why-i-m-shorting-the-long-bond?source=feed'>Complete Story &raquo;</a>]]>
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      <category type="symbol" link="http://seekingalpha.com/symbol/aig">AIG</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/tlt">TLT</category>
      <category type="author" link="http://seekingalpha.com/author/bradford-giaimo">Bradford Giaimo</category>
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