Comments | akapinkie: Another Economic Lesson

akapinkie

Another Economic Lesson

Mar 24, 2009 12:32

I know, I know, I'm nuts. I get it ( Read more... )

economy

Comments 5

:( anonymous March 24 2009, 22:42:42 UTC

Now I'm depressed :(
Cait

akapinkie March 25 2009, 05:40:34 UTC

Awww Cait, that wasn't what I was going for ( ... )

Where is the Prozac? dragonwitchling March 25 2009, 08:13:04 UTC

I didn't wholly disagree with you about the AIG bonuses. I think it was heinously irresponsible of them to go ahead and give out the bonuses, especially when it turns out they were significantly more substantial than earlier reported. I wholeheartedly agree that a contract is a contract. If the terms are agreed to and they do not violate the law then they should be honored. It is a foundational concept both in business and law; PERIOD. What they should have done is simply renegotiated the contracts for significantly lower or nonexistent bonuses and this entire debacle would have been avoided. I disagree VERY much with the idea of arbitrarily using the tax code to penalize ANYONE, it sets a dangerous precedent and it is every bit as irresponsible as AIG's bonuses ( ... )

While we're on the subject... akapinkie March 26 2009, 17:10:38 UTC

Here's an op ed piece from the NY Times:
http://www.nytimes.com/2009/03/25/opinion/25desantis.html?_r=2&ref=opinion&pagewanted=all

Pretty interesting.

Re: While we're on the subject... dragonwitchling March 27 2009, 02:52:47 UTC

Nice piece... I like it a lot. I think a lot of people, myself included didn't necessarily look to the individuals of the company. I am not shocked that the contracts were honored. They were made legitimately and negotiated properly, they SHOULD have been honored as they stood. I also cannot believe that they didn't consider renegotiation when they knew they were headed south in that giant hand basket. Sigh... no easy answers for anyone.