> Gel wrote: > Unless there was something written into the bailout bill that revoked all > bonuses, then how could AIG have avoided paying this money and still remain > operational?
I have no clue, but I'm sure there's a way. The bottom line is that bailing out, say, GM is a luxury while AIG was/is a necessity. AIG's failure would very likely cause systemic failure. Thus the federal government has to keep putting money into the zombie because if it falls down, it takes down everyone else. Now can "government" create a 3rd option where we dismantle AIG, wind down the toxic assets, and roll off the rest to the public? We'll see. But as I've saying with the banks, you need an end-to-end plan that wraps EVERYTHING, and the plan has to be done all at once and in secret. So it's a rock-hard-place problem: you can't tell people what you're going to do until you've done it and you can't do it until you have the staff and the plan and this admin came in 45 days ago. It's a real pickle. How it gets resolved will either be a model success example for the World for the future or - as with Bush - a model of failure and how NOT to do things. Time will tell ... ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:292150 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
