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Commentary Topic from greenfaucet

Two Washington-to-Wall Street Outrages

This $100 million AIG bonus story is truly outrageous. Here's a company that remains TARPed and bailed-out to the staggering tune of $124 billion, courtesy of the taxpayers. AIG already has received $230 million in prior bonuses from the taxpayers. Let me state unequivocally: This is not free-market capitalism. I'm making this case against AIG bonuses as a market-based conservative, not as a left-wing populist. As I have argued before regarding commercial-bank bonuses, TARPed firms on the taxpayer dole should forego bonus payments.