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Bailout: Who insures the insurance executives -- apparently we all do - Alex Belits
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abelits
Bailout: Who insures the insurance executives -- apparently we all do
If anyone was following the news about massive bailout of American financial companies, he probably heard about AIG and its brilliant decision how to use some of those money -- that is, placing them directly into the executives' pockets. Uncharacteristically for American government, US Treasury insisted on changing that, and apparently AIG will have to bring executives' salaries closer to the sane level, however AIG Chairman insisted that some "bonuses agreed to in 2008, before the firm's problems became known, could not legally be blocked", and therefore tax dollars are still going to line the pockets of those people.

O RLY?

Since apparently everyone involved is either a crook or an idiot, here is a solution that taken me a whole 20 seconds to find: if they won't do it, tax 100% of those bonuses. Yes, government can do that. No, I don't expect it to happen.
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