A couple quick comments that I expect to expand upon later: From an article I can't recover yet, I read that the people who earned these "bonuses" from AIG were being paid $1 in salary. So let's call these things what they are. They are not "bonuses," they are multimillion dollar salaries. I can understand why folks in the financial world are balking at the government's efforts to quash the use of taxpayer-paid bonuses. In the real world, we have another term for these negotiated deals: Bullshit.
To my ears, this is yet another example of duplicity coming from major financial companies — nose-thumbing at the financially unsophisticated, ignorant public. Not that anyone's asking me, but I have no problem with the administration taking the company to task.
But I also believe that what's happening is the administration is looking to the courts to play the bad guys and determine legally that the bills must be paid while providing political cover for the administration's collective asses. Like I said, more later.
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