The truth is these executives should get their bonuses because there is a contract to give them the bonus, they cannot be taken away, due to the protection clause, and the stimulus protection,without legislative action, I.E.: another bill has to be passed overriding the protection.
If the government didn't want these people to get bonuses they shouldn't have given bailout money. The gov needs to get their face out of business, they are the problem, not AIG.
THIS IS A SET UP FOR HIGHER TAXES...”NEVER LET A GOOD CRISIS GO TO WASTE”
“If the government didn’t want these people to get bonuses they shouldn’t have given bailout money. The gov needs to get their face out of business, they are the problem, not AIG.”
Although I agree with most of what you said, far too many here are not holding AIG’s feet to the fire. They are as guilty as Congress.
What does the bonus contract say? Lose a billion, get a million? Lose 100 billion, get 100 million?