AIG and Hypocricy

Treasury Secretary Geithner told congressional leaders that "the U.S. Would recoup executive pay by deducting the amount from the next 30 billion dollar installment". What!? Does that make sense to anyone? This company should be allowed to fail. I would take a 2000 point drop in the market any day rather than pay 30 billion a quarter to keep AIG alive for the rest of it's life. Can you say corruption? Yes, the executives do not deserve the bonuses. However, if you signed a contract with your company, and it was still in business and you had fullfilled your obligations...would you expect fullfillment of your contract? Instead of spending all this smoke screen time taxing their bonuses without representation and saying that this is an outrage...why aren't we pissed that we have given a company over 170 billion dollars that is dead 5 times over. GM is a black hole, AIG is a black hole, Citigroup is a black hole. If we don't let things fail we will just create another huge bubble. The next bubble will be worse than the tech or real estate bubble...way worse. It's the old fashioned phrase "you get what you pay for"
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