90% tax on US AIG bonuses

[DominicStar]

http://www.guardian.co.uk/world/2009/mar/19/congress-tax-bonus-aig-geithner-resign

About time our spineless leadership came through and did the same in my opinion for any company receiving a state bailout.

 

[DominicStar]

I think it would be too politically sensitive to be seen to vote against to be honest right now.

 

[DominicStar]

It's a great way to ensure the government never gets their money back by brain draining all the best talent away from the company, that's for sure...

The best talent the company has caused them to lose c.$100bn in one financial year

The issue is the changing of the rules after the terms of the bailouts have been agreed.

The bailouts were rushed through very swiftly, sometimes in a matter of days involving regulators like competition commissions, governments, in the EU cases sometimes the EU itself. The priority was stopping the companies crashing and some of them wouldn't have survived a further 24 hours. Personally, I'm glad they sorted out the nitty gritty then came back to this later.

This bill is roughly the equivilent of me giving you money, then turning up a month later and demanding that as I gave you money, I can sleep with your wife, and I've got this policeman with me to ensure it happens...

?

they are going by the government rules. The government has now changed though rules after the contract has been signed. You have no clue do you.

As did some of our banks, forcing renegotiated terms which were beneficial to themselves and bigger settlements. We had to accept what they forced and renegotiated and I see no reason why they shouldn't reciprocate.