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This is hardly a partisan fight.
Author:
LanceHarbor
(13363 Posts - Original UHND Member)
Posted at 11:33 am on Mar 18, 2009
View All
Both sides seem to be equally (and, in my opinion, wrongly) pissed.
Replies to: "This is hardly a partisan fight."
Admittedly, I have not paid much attention to this AIG stuff, however...
-
LanceHarbor
- 11:28am 3/18/09
(43)
[View All]
If they are contractually obligated, why is it called a bonus?
-
Lady_Irish_27
- 1:03pm 3/18/09
If someone has already answers this, I apologize.
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Trucker2
- 2:49pm 3/18/09
Yeah, cause the IRS taxes "bonuses" less than "lump sum payments". Thanks.
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NDFaninNJ
- 2:54pm 3/18/09
I knew just you'd appreciate my imput! ;^)
[NT]
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Trucker2
- 3:02pm 3/18/09
Almost as much as I'd appreciate your "input"
[NT]
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NDFaninNJ
- 3:33pm 3/18/09
Yup.
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Trucker2
- 4:50pm 3/18/09
They were necessary to unwind the instruments that got them into the mess.
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LanceHarbor
- 1:51pm 3/18/09
Because that has become the terminology for any one-time lump sum payment.
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NDFaninNJ
- 1:32pm 3/18/09
I'm sorry, I don't think anyone is irreplaceable. Including entire corporations.
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Lady_Irish_27
- 1:55pm 3/18/09
Don't misinterpret what I'm saying. AIG should have been allowed to fail.
-
NDFaninNJ
- 2:04pm 3/18/09
That's all well and good we don't live in a utopia.
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LanceHarbor
- 2:00pm 3/18/09
The provision that allowed for these payouts was very specific in the bill.
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Lady_Irish_27
- 2:14pm 3/18/09
They were payable anyway. They were agreed to in 2007.
[NT]
-
NDFaninNJ
- 2:16pm 3/18/09
No, they weren't. The agreement was made in 2008 that folks would get as much as those in 2007.
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Lady_Irish_27
- 2:34pm 3/18/09
This populist bullshit is a spectacle created to distract people from the real problems.
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NDFaninNJ
- 2:41pm 3/18/09
I think it highlights the real problem.
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Lady_Irish_27
- 2:59pm 3/18/09
Exactly
[NT]
-
LanceHarbor
- 2:22pm 3/18/09
I'm not a BHO fan but I don't think this one is his fault...
-
Frank L
- 12:56pm 3/18/09
I think people think there should've been an exception, given that their cash came from the bailout.
-
jakers
- 11:51am 3/18/09
Agreed. We gave them bailout money specifically for obligations like these.
[NT]
-
LanceHarbor
- 12:23pm 3/18/09
Agree.
-
jabbadoody5
- 11:50am 3/18/09
That's the real issue - stop succumbing to fear of what might happen and let these losers fail.
[NT]
-
LanceManion
- 12:02pm 3/18/09
Because they can
-
Hank Scorpio
- 11:44am 3/18/09
Based on article below - looks contractual + Feds knew about them last year. Retention bonuses - hah
[NT]
-
LanceManion
- 11:31am 3/18/09
Agree. I can't wait to see if Barry and co. attempt to tax their bonuses 95%....
-
Domer From Hell
- 11:30am 3/18/09
This is hardly a partisan fight.
-
LanceHarbor
- 11:33am 3/18/09
It's absolutely a partisan fight....
-
Domer From Hell
- 12:20pm 3/18/09
delete
[NT]
-
Domer From Hell
- 12:20pm 3/18/09
Equal protection suit waiting to happen, as well as ex postfacto legislation (money earned in 08
-
LanceManion
- 11:32am 3/18/09
Lance, you should know that's not a standard.
-
NDFaninNJ
- 11:46am 3/18/09
Why is that bull shit?
-
SouthPhillyDirtbag
- 11:53am 3/18/09
Because, if the government wanted to avoid this, they should have done some due diligence...
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NDFaninNJ
- 12:11pm 3/18/09
If the government can legally get this money (ie rewrite 2008 tax law), they should do it
-
SouthPhillyDirtbag
- 12:41pm 3/18/09
It doesn't sound like the government effed up. They specifically provided for these bonuses.
-
Lady_Irish_27
- 1:19pm 3/18/09
There should be something stating that after date X, not another bailout penny will be handed out
-
LanceManion
- 1:30pm 3/18/09
I thought you were against a timeline for withdrawl
-
SouthPhillyDirtbag
- 1:48pm 3/18/09
I actually thought the same thing. Funny.
[NT]
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NDFaninNJ
- 2:04pm 3/18/09
Oh sure. But these are the people in charge - and we the people put them there.
-
Lady_Irish_27
- 1:37pm 3/18/09
I the people didn't vote in this turd, and really if someone had said the blank check would continue
-
LanceManion
- 2:04pm 3/18/09
What would you need to hear to be convinced that the AIG bailout is worth it?
-
SouthPhillyDirtbag
- 1:47pm 3/18/09
That's not my point here.
[
LINK
]
-
Lady_Irish_27
- 2:08pm 3/18/09
Me. This is how AIG compensates its employees. That's why we gave them money. To pay bills.
[NT]
-
NDFaninNJ
- 12:58pm 3/18/09
Well, those guys have about 80 mil to figure out how to successfully defend the tax, if imposed
[NT]
-
LanceManion
- 11:49am 3/18/09