Like the rest of the media, the Post was anxious to tell the public that there is nothing that can be done to prevent bonuses from being paid to AIG executives. Did they really give this a huge amount of thought and talk to the experts before reaching this conclusion?
How about breaking off the financial unit from the rest of AIG and then take away the government life support? The highly valued executives can then try to get their bonuses from a hopelessly indebted company that has debts that exceed its assets by tens of billions of dollars. That should provide good entertainment for us all.
–Dean Baker
