" or watch Congress tax it away with emergency legislation"
(Livid Democrats demand AIG return bailout bonuses http://news.yahoo.com/s/ap/20090317/ap_on_go_co/aig_outrage)
^^^^^ CB: Dems and Reps are playing one up on who does more to AIG. Will it spillover to the other financial bailouts ? Tax it away sounds like the best idea to me. Or even better, a Constitutional Amendment amending the Constitutional provision saying that Congress shall make no law that impears the whatever of contracts (smile)
Of course, the bailout itself is about a thousand times bigger than the bonuses. They are saying the US already owns 80% of AIG. So, its nationalized _de facto_. What does that mean ?
Is the bailout "working " ? What if the bailout doesn't "work" ? Are the other bailouts "working" ?