Monday, March 16, 2009

Obama: AIG can't justify 'outrage' of exec bonuses:
"In a letter to Geithner dated Saturday, Liddy said outside lawyers had informed the company that AIG had contractual obligations to make the bonus payments and could face lawsuits if it did not do so."

Yeah, and...? So what? I'm sure AIG faces dozens of lawsuits each and every day so why would these new lawsuits be so special? And each one of those new lawsuits would LOSE. But the fact of the matter is, the way this was done, and Paulson started it all, was just to hand over a blank check to these firms. Why Obama hired Summers and Geithner is the single biggest mistake of his presidency. A VERY stupid mistake.

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