Former AIG CEO to sell $1 billion worth of stock after bailout

OK, now this is what pisses off everyone with the bailout. The government propped up AIG and now the former CEO (who is still being charged with fraud dating back to his days at AIG) Maurice Greenberg is selling his shares which are currently valued at $3.02 per share for a cool billion dollars. Maybe it's not too late to include something in the AIG bailout that prevents such profiteering after a bailout? Let taxpayers get their money back first and then let sleazy CEOs like Greenberg to get paid later. Again, it is very questionable whether the American government will ever see the bailout money back from AIG no matter how many people talk about 12% interest returns. Talk it up after we get the initial investment back and then tell me about profits.

Too bad McCain's last second addition had nothing to do with such payouts, but was focused on creating the problems that led to this crisis in the first place. It wouldn't surprise me if McCain's tax cut addition would benefit Greenberg as he cashes in. After all, he certainly benefited from less regulation.