Cynthetiq

I've not posted much about AIG, mostly because it's happening so fast and I've been too busy that I keep missing a good starting point.

What does it mean to you? How do you feel about the bonus situation? What do you think should happen?

I've been really upset about the AIG bailout from the beginning. As the companies that come out of this that show the monies that AIG paid out to German banks, Goldman Sacks, Merril Lynch, would have shown how the dominos would fall. I'm a believer that if you're taking risk, you should be taking that risk. When the bet is called and you lost. You lost plain and simple. Your company goes belly up.

The bonuses, is just unconscionable. Congress fucked up and didn't due the due diligence. Congress should not abrogate the contracts and fishing a 90% tax is all just puffering and PR.

Don't pin this on the Obama administration, he's got little to do with it because Congress voted for TARP. But stop feigning outrage... that's just stupid. You had your chance to vote when you were a senator and vocalize your concerns and opinions. And nothiong.

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