posted on Sep, 23 2008 @ 02:42 PM
AIG has just sent a memo out to its senior executives stating that employees that have put money into the savings plan may not be able to get it out!
Heres a little bit of it so far.. I am looking for more on it now, but I have posted the video and then a summery of the video just in case you can't
Video - www.cnbc.com...
Summery of video -
"AIG is not required by the Executive Plan to segregate differed monies, or purchase assets, or place assets in trust for the purpose of satisfying
AIG's obligations under the Executive Plan. You will have no rights under the Executive Plan other then as an unsecured general creditor of AIG.
However, AIG may place assets in a special type of trust, but any such trust assets will remain subject to the claims of AIG creditors and no
participant will have any secured interest in or claim on any such assets."
Basically from what I have gathered so far they are taking the money that the employees put into savings accounts and using it to pay off the
government.. That is NOT RIGHT!!! How long before something like this happens to your bank accounts?? This may not be relevant to some people, but to
me its a sign of things to come.
What do you guys think?? Is this relevant in your eyes, or simply AIG steeling from their employees.