Tuesday, March 17, 2009

More Flames from the Bush Fire

AIG 'forced' to give $450 million bonus to those responsible for the financial crisis.

Apparently, the commitment to pay was made before AIG collapsed, so they are legally bound to honor it. A different matter that without the bailout, there would be no AIG, no job and no contracts left to honor. Ed Libby seems to be a firm believer in Marie's policy of "letting them eat cake". With a little help from the no-strings package deviously devised by Henry Paulson (Treasury Secretary in Bush administration)

In related news, a large part of the bailout money to AIG, organized by then-Treasury Secretary Henry Paulson (ex Goldman Sachs), ended up in the hands of Goldman Sachs. A friend in deed...


Angel's Flight said...

lolz Loved the cartoon!

Sonal said...

Good post as always :)

Sonal said...

pls do check!