« Why It's Cutting | Talking Points Memo Home | TPMDC Morning Roundup »

Required Some Redacting, But ...

03.16.09 -- 12:39AM
By Josh Marshall

DH makes a decent point ...

As Liddy surely knows, when a company wants to get out of a contract that is questionable or troubling, it can generally find some legal theory to justify disavowing the contract. Here, given what has happened at AIG, it would be shocking if there were not a plausible argument that the AIGFP ******* breached whatever contracts allegedly entitle them to bonuses. Assume that AIG refuses the bonuses, and the ****bags sue to collect them. AIG gets a jury trial. What jury in the USA would award bonuses? It's damn near inconceivable. Liddy is paying the bonuses because he wants to pay them and could give a **** about honor, decency, taxpayers, responsibility, whatever.

I was going to write this up tonight; hopefully I'll be able to tomorrow. But the real issue for these people at AIGFP is criminal jeopardy. As noted earlier, a lot of the stuff these folks were doing looks like fraud. It would be helpful to make that clear. It might lead to more constructive decisions on stuff like these bonuses.

Recent Archives

November 22, 2009 - November 28, 2009
November 15, 2009 - November 21, 2009
November 8, 2009 - November 14, 2009
November 1, 2009 - November 7, 2009

Boehner Accuses PhRMA Of Health Reform Appeasement

John Boehner sent an angry letter to PhRMA's Billy Tauzin charging that the drug industry is appeasing Obama on health reform.

Poll On Obama's Birth: If Not Here, Where?

Of 38% of respondents in a new poll who did not say Obama was born in the US, 10% said he was born in Indonesia.

Inside The '90s 'Viper Militia' Tied To Armed Anti-Obama Activist

TPMmuckraker takes a look at the 90s-era group whose most prominent defender staged the show of arms-bearing at an Obama event in Arizona.

Does Tom DeLay's Quadriplegic Protesters Tale Add Up?

DeLay says quadriplegics were "dumped" in front of him at a town all -- but was he modifying a story of a protest he wasn't even present for?

Share
Close Social Web Email

"To" Email Address

Your Name

Your Email Address