[Alberta's Child]

If we cheer the demise of the unions shouldn't be cheer the reneging by the government of the AIG bonuses? Or am I comparing apples and oranges? Don't flame me, I'm just trying to understand.

You raise a good point, but something to keep in mind is this . . .

By rescuing a company like AIG from bankruptcy, the U.S. government actually eliminated the one legitimate measure that could have been used (a bankruptcy filing) to negate those executive bonuses. A contractual agreement that can be negated in a bankruptcy court cannot be negated under a government "rescue" measure unless the changes in the contract are included in the rescue process.

[pepperdog]

Thank you and everyone who replied. I see the light. I was having a slow mental day, not too unusual for me anymore, to much O distraction. I totally overlooked the Bankruptcy aspect, which when brought to my attention made things clear. Note to self: It’s a bankruptcy court ruling dummy!