Quote:
Originally Posted by The_Jazz
Perhaps you've already seen this; it was on The Consumerist and pretty prominently featured on the NYT home page. It goes to show how small the core group was that caused the AIG mess. If nothing else, it sheds new light on some of the politicians involved.
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I don't think Mr. DeSantis quite understands that the government now owns 80% of AIG and is estimating that even more bailout money may be necessary. AIG should be in bankruptcy and doesn't have the money to pay him. It is not AIG who is on the hook for his million dollar bonus but the American citizens, some of whom will not make that much in a lifetime of working. I wonder if he can even imagine how the guy working at a fast food restaurant for below poverty wages must feel when being told he has to contribute to Mr. DeSantis's million dollar bonus. It shouldn't take an MIT grad to comprehend the disconnect of his hurt feelings with the anger of those he expects to pay his bonus.
That being said I don't agree with the rushed through 90% tax either. The government should have made withdrawing the bonuses a condition for getting the bail out in the first place. I think AIG should not pay any bonuses while being kept alive by the taxpayers and instead let those who think they are owed bonuses fight it out in court for the next 5 years. AIG might still be around in some fashion and if not they can get in line with everyone else owed money including the American people.