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AIG bonuses reveal human greed

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SCMP Reporter

The financial crisis has brought down many companies and thousands of people are losing their jobs every month.

The US government spent a lot of money to save some companies from collapse. One such beneficiary was the American International Group (AIG) which has received huge amounts of government financial aid.

But AIG used taxpayers' money to hand out US$165 million in bonuses to its employees. This is a violation of basic business ethics and shows how selfish and greedy people are.

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AIG has treated the government bailout as a gift from taxpayers and everyone is angry about it.

But the real losers from the financial crisis, and the economic meltdown that followed, are the ordinary people. Social problems arise when companies collapse and people lose their jobs. There could be family quarrels with tragic consequences.

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I hope we don't have to bear this pain for too long.

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