The Times: Reports on the political anger to the AIG Bonuses. As I have stated many times in this blog, the bailouts are a bad idea, its throwing money down the toilet, now we see the result. On the other hand, breaking a lawful contract is bad, it sets a bad example, the Politicians, the Government, the Congress will just have to accept that they rushed for bailouts without thinking and if you try to tax at a 100% the bonuses of AIG you will lose in Court, it is against English Common Law and the US Supreme Court will strike the measure down.
Wednesday, March 18, 2009
AIG Bonuses
The Times: Reports on the political anger to the AIG Bonuses. As I have stated many times in this blog, the bailouts are a bad idea, its throwing money down the toilet, now we see the result. On the other hand, breaking a lawful contract is bad, it sets a bad example, the Politicians, the Government, the Congress will just have to accept that they rushed for bailouts without thinking and if you try to tax at a 100% the bonuses of AIG you will lose in Court, it is against English Common Law and the US Supreme Court will strike the measure down.
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