Monday, March 16, 2009

Bonuses for Boneheads

AIG is still stuck on stupid. They are paying out $160 million in bonuses, after accepting $140 billion in taxpayer bailout. Geithner claims to have jawboned AIG management about it and AIG said they were contractually obligated to pay the bonuses. The proper response should have been "Pay bonuses after loosing $140 billion dollars and that's the last bailout you are ever going to get."

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