Quote:
Originally Posted by UGAalum94
I'm stunned that no one tried to safeguard against paying bonuses with tax dollars for pretty spectacular business failure.
One some level, I guess I can understand why: the idea that they needed to be paid retention bonuses never crossed my mind, so I wouldn't have thought to prohibit it.
Really AIG and Fannie and Freddie? You're worried that the people associated with catastrophic failure on the scale of bringing down the entire US economy are going to leave for better paying jobs elsewhere? I guess the US Treasury department IS hiring.
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I understand what you are saying, but I come from the school of thought that running the government does not equate exactly with running a business. We are coming out of that thought pattern that has gone on for so long.
I do agree with Larson out of California is the time is winding down for Geithner... He's had one too many "issues" that should not be all clusterf*cked as they appear to be...