Take This Job and Shove It
A lot of feigned outrage over the AIG bonuses have led to the worst of extremes, ranging from mob protests to the unprecedented use of punitive taxation by Congress (which is also a Constitutional breach).
However, there are two sides to every story, and a moving resignation letter from one of the targeted executives says it all.
To those in Washington who displayed such phony and hypocritcal outrage that sparked an unnecessary witch hunt: Shame on all of you.
It's bad enough that those targeted had to perform a thankless job to fix a problem with assurances of contractual compensation THAT WAS APPROVED BY BOTH THE OBAMA ADMINISTRATION AND CONGRESS are being shafted, forced to give up their rightful earnings, played as pawns in a game of class envy, and subjected threats of violence and death.
Today it's AIG; tomorrow it could be a private, non-financial firm that didn't need or didn't ask for goverment aid.
It never was about rescuing institutions that were considered "too big to fail"; it's about nationalization and government-led extortion.