honor a contract????, how about the Constituion, and the Bill of Rights. That trumps any other contract. if the two afore mentioned “contracts” had been adhered to by congress, and the so called president, AIG would have gone bakrupt, and we all know what happends to contracts at a bankrupt company, they become voided.
that is legally what should have happened, that would have legally voided these so called contracts.
but know the politicnas, greased with bribes from AIG, broke the contract they have with all Americans, broke the Oath they swore when they took office.
the right thing to do is to try to take back all the bailout money we can, (as it was illegal use of tax money, the breaking of our contract with government) and let AIG go bankrupt. let lawsuits proceed aginst the AIG bosses by any investors that were lied to, and let AIG bosses AND politicans go to jail for bribbery, and finally tar and feathers for the crooked politicans.
Woulda’, shoulda’, coulda’ but didn’t happen. I do not disagree with the bailouts should have never happened.
But...that is not where we are today. Congress wrote those contracts into the legislation. Bribes, greased, corrupt...nice charges, but they need to be proven. Otherwise we’re on the hook like it or not.
How can we get out of this situation? Turn them over to the appropriate courts. Will that happen? No, I don’t think so. The crisis is too valuable to waste. The courts could still administrate the companies, demand accountablity, etc. Yet...Congress won’t let that happen.
These AIG folks have amounted to “useful idiots” in the propaganda class warfare.
The oath of office means nothing to these asswipes. AIG must be destroyed...along with the government.