Thursday - March 19, 2009

AIG Bonuses

I have little patience for people complaining about the bonuses given to people at AIG.  

It seems a bit duplicitous to give a company free money explicitly with no strings attached and then complain about how they spend it.

If I were a worker at AIG I'd tell congress to shove it.  

It's not that I have even the tiniest shred of respect for the scum at AIG, it's that I have even less respect for the monsters that gave them money.

So I'm somewhat torn.  I want AIG to fail, because the quicker they are liquidated, the quicker our economy will recover, but I hate wasting the money that was thrown at them.  The point is that the money is already lost, we're never getting it back, so whatever actions congress can do now to destroy the leadership of the company and prevent any of the losers that were associated with running it into the ground from profiting, I'd be all for it -- except that the Constitution prohibits taking property without due process and specifically forbids bills of attainder, or legislative declarations of civil or criminal liability.  If they can do it to AIG, they can do it to me, too.

But whether they take those bonuses back or not, I won't be shedding tears for the people of AIG.  I just don't want the ultimate losers, congress, to get their hands on that money.

Go Back to the Start, Do Not Collect $200   Send me your two cents
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