Friday, March 20, 2009

AIG Update

So here's an update, which I should provide in all fairness, since I panned AIG considerably in my last post. The Government of the US of A has decided to tax the bonuses received by AIG executives @ 90%, effectively ensuring that they keep only 10% of what they receive and the balance returns to the public, whence it came. That's justice and I'm considerably more at peace now.
Ironically, it also came to light since the scandal broke that it's not the CEO of AIG who's getting the lion's share of this "bonus" but his direct reports and their direct reports .. that only made me feel a bit worse as it were.

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