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Government Strikes Again
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Blog

Government Strikes Again

A recent CNN article states that:

06/26/2009
Dear AIG,
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Dear AIG,

"It is with deep regret that I submit my notice of resignation from A.I.G. Financial Products." The New York Times on Tuesday ran an op-ed entitled "Dear A.I.G., I Quit!."  It's the real letter of resignation of Jake DeSantis, executive vice president of AIG's financial products unit.  Read it here.

03/26/2009
AIG: "A Mistake at the beginning"
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AIG: "A Mistake at the beginning"

The media and political furor of the week is the employee bonuses paid by AIG under contracts that existed prior to the government’s effective takeover of the company. And while the President as well as politicians of both parties are fulminating about the payouts, voter anger should be directed more at those very politicians than at AIG.

03/18/2009
Congress Angry about Irresponsible Use of Taxpayer Dollars
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Congress Angry about Irresponsible Use of Taxpayer Dollars

David Harsanyi of the Denver Post has written an amazing article on Congressional outrage over AIG bonuses.  "Here's an idea: If you stop nationalizing banks, there will be no need to engage in phony-baloney indignation over bonus payments anymore."  He's exactly right!  I can't say it any better than he does: 

03/18/2009