The money should not have been given in the first place...as for those that caused this mess being gone...nope...many execs who caused this are the very ones receiving bonuses at taxpayer expense.
Feilbogen's situation can't reasonably be compared with DeSantis's.
Not from what I understand, and the basic premise I put forth is still the same. This is stealing, plain and simple. These “bonuses” were set up before the TARP or bailout money was given to AIG.
If you want to talk about the bailout money and whether or not it should’ve been given, then that’s an entirely different discussion. I would agree that the bailouts never should’ve happened - that’s what chapter 11 is for. However, you’d probably be crying about the effect that had on the economy and your personal finances too.
To me, that’s the biggest piece of the puzzle here - what really would’ve happened if we let capitalism work and let these companies that were “too big to fail” actually fail.
I’d like to see verifiable proof that the execs that caused this mess (AIG FP execs that were there causing the problem - still being there fixing it and receiving bonuses). Even at that, if they caused the problem and fixed it, they still performed as expected per their contracts - and likely sacrificed as did DeSantis.
There may be some room for argument that if someone caused a problem and is now benefiting from fixing the problem they created in the first place, well that’s pretty unethical. At any rate, politicians are famous for that and the general public tolerates that pretty regularly. If you want to show outrage, where’s your equal indignation for that - many politicians had equal hands in this and benefited from everything that’s going on here (political contributions, special interest kickbacks and loans given to pet projects, insistence on providing loans to people that could never pay them back, credit default swaps, etc...).