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2009-03-16 Home Front Economy

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Posted by tipper 2009-03-16 18:50|| || Front Page|| [11131 views ] Top

#1 Guess Bambi has never heard of the word "contract" before. Most of them bonuses are due to contractual signed agreements. Go ahead donks destroy AIG for fulfilling its signed agreements and kiss goodbye to any hope of businesses staying in the US. It wont be a safe haven for any type of business if the goverment can come in at anytime and say any or all of you contracts are void.

Posted by Valentine 2009-03-16 20:22|| 2009-03-16 20:22|| Front Page Top

#2 Watch it. The One is a professor of constitutional law. He knows all about Middlebury v Vermont.

Posted by Nimble Spemble 2009-03-16 20:26|| 2009-03-16 20:26|| Front Page Top

#3 I don't remember anything in AIG contracts saying that the US taxpayer will fork over $160 billion in what is a deal between two private parties. Nor do I remember any clause that the US taxpayer has to pick the $2 trillion of AIG possible liabilities.

Posted by ed 2009-03-16 20:42|| 2009-03-16 20:42|| Front Page Top

#4 Read the fine print suckah. You own it.

Posted by Nimble Spemble 2009-03-16 20:50|| 2009-03-16 20:50|| Front Page Top

#5 Meanwhile, New York's top legal officer vowed to take AIG to court if it did not provide full details of the bonus payments.

That will prove interesting. But a point, Nimble Spemble: the autoworkers' unions have had to give back contractual pay and benefits, and likely will have to give back more, because conditions have changed significantly since the contracts were signed. How does that differ from what the government is demanding from AIG?

Posted by trailing wife 2009-03-16 21:20|| 2009-03-16 21:20|| Front Page Top

#6 Well, now he understands how we feel about the Donk Porkout Act of 2009 Bonus that his party rewarded itself with. Not that the federal budget has had much of a better year than AIG.

Posted by Procopius2k 2009-03-16 21:44|| 2009-03-16 21:44|| Front Page Top

#7 hahaha, I heard this today and LMAO. What a bunch idiots our congresscritters are - they are only getting what they asked for. Of course the $$$ was going to fulfill contractual obligations, especially since Obama and Sheriff Joe Biden didn't put any strict stipulations on how AIG was supposed to divvy it up from the beginning. What a bunch of morons. Thank you again to the ignorant American electorate for electing these two clowns.

Posted by Broadhead6 2009-03-16 22:09|| 2009-03-16 22:09|| Front Page Top

#8 remember Andy Cuomo at HUD in the Clinton Admin? Remember the threats to make loans to those "less able to qualify"?

Posted by Frank G 2009-03-16 22:13|| 2009-03-16 22:13|| Front Page Top

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