Blogs on bailout bonuses

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March 22, 2009

Blogs on bailout bonuses

One of my longtime favorite local blogs waxes salient, in a post by smijer, on the question of whether the bonuses paid by troubled insurance giant AIG to its employees should be returned, in light of the billions put up by taxpayers to bail out said firm.

Now we learn that Obama's treasury [secretary] and Chris Dodd - the very clowns ready to pull the trigger on legislation to get the bonuses back - are the ones that made sure they could get paid to begin with.
All this noise. The bonuses are bad, and Obama+Treasury+Dodd should have let the stimulus stipulations nullify them. But it isn't worth going back to get now. With the energy and noise being put into this, something useful could be accomplished.

Read the whole thing. And there's more, albeit of the dueling conventions somewhat decried by smijer, from Sean Braisted and Bob Krumm.

Also: how your Tennessee Members of Congress voted on the 90% tax measure.

Business , Government , Policy | By joe lance | 11:25 AM

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