Finally!
A voice of reason!
Unfortunately, the Bail out Bill he signed had a provision in it that protects those bonus payments if the promise was made before 2/09. Its a comedy of clueless clowns!
Barack gets it.
He wants hysteria against Capitalism.
had he spent Valentines day weekend READING the bill instead of flying back to chicago to take his wife to dinner he might have seen that provision in the bill.
So, where would these people be if AIG went under? Just another creditor waiting in line in hopes that the bankrupcy court will pay them. If they received a base pay, then I think they should be stuck with it and no bonus.
The government's role in fostering systemic risk is no excuse for embracing that risk for the sake of personal and corporate profit. Welfare cheats should not be excused because the system is vulnerable to abuse, nor should looters be set free with their booty because the municipal power company had an outage due to poor maintenance and the city did not have enough police.
Also take a look at this.
http://freerepublic.com/focus/f-news/2207793/posts
This whole thing seems planned from way back. Look at the list of sponsors. This didn’t just spring up 2 days ago ... this has been in the works a long time.
We’re being played.
- Republican Congress 1995 - 2006: total $1.8 trillion budget deficit.
- Democratic Congress 2007 - 2009: total $3 trillion budget deficit and growing rapidly.
AIG bonuses = hysterical non-issue to stir up the humors of the hoi polloi.
This a$$clown needs to pay back the 125 large he received from aig as a bonus in 2008... the muzzie bastid!
LLS