Congress – in order to deflect attention from their stupidity – is talking very stridently about the executives of “their” company AIG.
These are incredibly stupid actions. While the folks getting the bonuses may have played a role in the losses, threatening them is extremely stupid. These are the only people who have the skills to unwind this mess. One click of a button (or failing to click a button after they quit) and they can make the entire global economy lose $75 trillion.
The problem was that the government stepped in to bailout a failed company, not that the employees want their earned income. The reason that there are bonuses at all is that Congress imposed a “salary cap” on “executives” and forced companies to pay employees based on performance. If you don’t pay the “executives” what they were promised, they -will- leave AIG. Will Chuck Schumer now force them to continue to work for AIG without paying them?
Fascism has arrived and it is bi-partisan.