Big Ado about Poo Poo
Allow me to summarize.
AIG made some risky decisions.
They gambled and lost.
Government gave them a few hundred billion dollars (which gov doesn't actually have, so must borrow from your grandchildren)
AIG (the ones who wrote the contracts that define the conditions under which bonuses are issued even when their job performance is poo poo) used some of it to give the guys who made these poor decisions huge bonuses.
Government is now "Upset, Outraged, and otherwise Incontinent"
What exactly did Government expect?
UPDATE: here is another view http://justoneminute.typepad.com/main/2009/03/some-reality-for-the-reality-based.html
And another: Gov knew about the bonuses all along http://hotair.com/archives/2009/03/20/video-congress-geithner-knew-about-bonuses-on-march-3rd/
It just keeps going!!!
Geithner asked Dodd to change his bill to allow bonuses. Matches? what matches??
http://hotair.com/archives/2009/03/19/video-demint-calls-on-geithner-to-resign/
AIG made some risky decisions.
They gambled and lost.
Government gave them a few hundred billion dollars (which gov doesn't actually have, so must borrow from your grandchildren)
AIG (the ones who wrote the contracts that define the conditions under which bonuses are issued even when their job performance is poo poo) used some of it to give the guys who made these poor decisions huge bonuses.
Government is now "Upset, Outraged, and otherwise Incontinent"
What exactly did Government expect?
UPDATE: here is another view http://justoneminute.typepad.com/main/2009/03/some-reality-for-the-reality-based.html
And another: Gov knew about the bonuses all along http://hotair.com/archives/2009/03/20/video-congress-geithner-knew-about-bonuses-on-march-3rd/
It just keeps going!!!
Geithner asked Dodd to change his bill to allow bonuses. Matches? what matches??
http://hotair.com/archives/2009/03/19/video-demint-calls-on-geithner-to-resign/
posted by The petulant ninny at 8:13 AM
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