This is an historic day. It is the day that I actually agree with Republican Senator Arlen Specter. (Okay, everyone... just breathe deep, and sit down if you need to).With everyone up in arms over the prospect of paying the incompetent executives at AIG millions of bail-out dollars in the form of bonuses, Specter is the only one who has kept a cool lawyer's head. Larry Summers says, "We're not going to abrogate the law." (Which law is that, Lar? Tort law is one of the most fluid, evolving aspects of law that exists!) Senator Max Baucus of Montana says we're going to tax the bonuses (yeah, because taxes are so effective in getting rich people's money). President Obama has called on the consciences of these executives to "make America whole" (yeah, because so far, these guys have proven that they have trouble sleeping at night).
Specter? Specter says (and I'm paraphrasing here), "Screw 'em. Break the contract. If those executives (whose identities are currently being kept secret by AIG) want to get their retention bonuses, let them go into open court and sue for them."
DAMN SKIPPY!
Come on, you low-life wusses! You want it? Come and get it. Step out from under the rocks where you've been hiding, get a lawyer and have your picture taken as you walk up the courthouse steps to claim our money. Then, your neighbors, your families, your coworkers, your fellow PTA members at your kids' schools, will know that you are the squirming, slithering piece of crap that is working every day to benefit from your prior bad acts.
Specter, who has been a lawyer since 1812, says that the utter failure of the executives to perform renders the retention bonuses moot anyway, and he's prepared to argue that in federal court, if necessary. I wouldn't bet against him.
Break the contracts. Make them come and get their money. I'd like to see them try.
~C~
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