Monday, March 16, 2009

barney's frank

when it comes to aig and employee bonuses funded by government bailout money, the massachusetts congressman says it may be time to start handing out pink slips:
"These people may have a right to their bonuses, they don't have a right to their jobs forever. The federal government now is 80% owner (of aig.) It does appear to me we're rewarding incompetence. These bonuses are going to people who screwed this thing up enormously, who made terrible decisions. Since the government now essentially owns that company, maybe it's time to fire some people."
– barney frank
chairman of the house financial services committee

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