Quote Originally Posted by lizbud View Post
This sounds like a great idea. Now, they should just get this moving on
to law. I don't know anyone who isn't PO'd about AIG's demanding endless
outputs of cash.

I too think this is a good idea. Not only would it be a vessel where the peoples anger could be tamed, but it would be a wonderful way to convince companies that taking money that is not theirs is a bad way to do business.

But also note that the stimulus bill has language in it that allowed AIG to do what they did. Bonuses were to not be allowed by companies taking the money. But a exception was made, Senator Dodd added it, that did allow bonuses that were contractually obligated to be paid. And as ES mentioned earlier, a contractual bonus is kind of a oxymoron.

I reckon Senator Dodd, who is now verbally frying AIG, learned a little something about hindsight, eh?