Bailouts and Bonuses


	Bailouts and Bonuses

sillysam

3-18-2009 12:41 PM

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3-18-2009 12:50 PM

ColoradoRight

I mean its less than .1% of the money we've already shoveled into this pit. With more to come. And weren't we told by the Messiah himself that stimulus is spending? So let them spend.

or we could pull our heads out of our butts and stop the bailout nation nonsense.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/3ce644b2-c513-4f63-97fd-0e6900187cc6/4C0AAAA3-F5CF-49CF-95DD-7C3A0A709A5F/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://article.nationalreview.com/?q=ZDE0MzU5NzZlY2Y2NGMxM2U5MmE3NmU0NzYxOGIxMzI=" href="http://article.nationalreview.com/?q=ZDE0MzU5NzZlY2Y2NGMxM2U5MmE3NmU0NzYxOGIxMzI=" style="font-size: 11px;">article.nationalreview.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://article.nationalreview.com/?q=ZDE0MzU5NzZlY2Y2NGMxM2U5MmE3NmU0NzYxOGIxMzI="><SPAN class="drop">H</SPAN>ats off to Larry Summers. The president’s chief economic adviser told ABC News’s George Stephanopoulos on Sunday that there’s nothing to be done about the fact that American International Group is contractually obliged to pay millions of dollars in bonuses to thousands of employees, some of whom helped ruin their company — and, to some extent, the national economy. “We are a country of law; there are contracts. The government cannot just abrogate contracts.”     </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://article.nationalreview.com/?q=ZDE0MzU5NzZlY2Y2NGMxM2U5MmE3NmU0NzYxOGIxMzI=">When the federal government, on behalf of taxpayers, opted to essentially nationalize AIG — we now own 80 percent of the company — we made a choice to keep it alive. If the firm had gone out of business through bankruptcy — what the gods wanted in the first place — there would be no bonuses. But we chose not to do that. Which means those bonuses are just one more toxic debt for which we are on the hook. For good or ill, we chose to defy the natural order. And now we own this monstrous white elephant.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/4C0AAAA3-F5CF-49CF-95DD-7C3A0A709A5F/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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