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Why do we need to know the names of the AIG bonus recipients?
Joni L. Reynolds | Posted March 19, 2009 11:51 AMWednesday at the congressional hearings, Rep. Barney Frank demand the names of the AIG employees who received the bonuses. The CEO of AIG said it would not be a problem if he could assure him that the names would be kept confidential. Frank said that would not be the case.
Why do we need to know their names? So people can look them up and picket outside of their homes? Is that what we have come to?
This AIG situation is a mess, but like it or not these people had a contract. This is something that the Treasury Department, the Federal Reserve or Congress should have caught prior to the release of the TARP funds, but they didn't.
The horse is gone and even if you double lock the door the horse is still gone. In reality the funds should have never been released and punitive tax measures are not the answer. The blame game is in full effect, but the real question is where do we go from here, and I don't believe releasing the names to the press will fix this situation.
Doing that will create another debacle, and as mad as the public are about this, releasing those names would be like waving raw meat in front of a group of hungry lions.
Joni L. Reynolds, an African-American mother, writes a blog called Ebony Mom Politics.
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2009-03-19 15:05:36
Who received these bonuses? Who in the treasury department "leaned" on Senator Dodd to strip the executive compensation rules out of stimulus bill? Why is the treasury department bailing out foreign banks? Why are some folks treating these bonuses as part of a salary?
2009-03-20 04:42:08
2009-03-20 11:35:02
2009-03-20 17:23:52
2009-03-20 17:49:47
2009-03-20 20:03:15
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2009-03-21 21:21:29
2009-04-06 03:18:52
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