Slamming the door after the horses escape...

Slamming the door after the horses escape...

03-19-2009, 05:17 PM

#1 (permalink)

Gary - K7GLD

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Join Date: Aug 2000 Location: Canyon City Oregon Posts: 11,666 Old Reader's Rigs Gallery

Slamming the door after the horses escape...

OR, perhaps tossing the baby out with the bath water:

House debates bill taxing AIG and other bonuses: Financial News - Yahoo! Finance

AS asinine and idiotic as the whole scenario is, of rewarding execs of failing institutions with huge bonuses - how is that so much different than the government giving the same failing institutions big "bonuses" in the form of taxpayer funded bailouts?

Where is the principle all that different? AND, while there SHOULD have been some controls and oversights to uses of bailout $$$, going after the recipients of the bonuses AFTER the fact seems excessively selective - after all, if a "special" taxation can be drummed up and applied to cover THESE guys, in THIS situation - what's to keep this same precedent from being applied to other individuals or groups who manage to displease the government.

I certainly am NOT in favor of the humongous bonuses - but I'm even MORE appalled at how the government proposes to "fix" the situation!

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