What action? Abrogate contracts? Punish employees for politicians’ hubris? Throw uncertainty into the commercial world and see how fast it gets us out of this malaise? If these people fairly earned these bonuses, then we tamper with it at our risk. A “feel good” gotcha will cost us much more in terms of extending this downturn by tossing predictability to the wind. Besides, this money was not a “bailout” but a loan, anticipated to be repaid at a future date. If the government loaned money to a serious credit risk, that’s its (our) problem but punishing these employees is silly and ultimately cutting off our noses to spite our faces.
“What action? Abrogate contracts? Punish employees for politicians’ hubris? Throw uncertainty into the commercial world and see how fast it gets us out of this malaise?”
EXACTLY...that’s the Dimocrat ANSWER...distract, diffuse and dominate...the three D’s of the Dimocrat party...watch the hearings today with Bawney Fwank...