Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: koan who wrote (95302)	3/15/2009 8:41:55 AM
From: Provider	Read Replies (2) of 116555

"Liddy says in the letter that he personally does not receive a bonus, but that some bonus payments are unavoidable, because they are binding legal obligations of the company, and "there are serious legal, as well as business consequences for not paying."" Does anyone else find this hilarious??? A company that wrote billions of dollars in insurance with nothing to back it up which most would consider "binding legal obligations with serious business consequences"! Some of the things that come out of those involved in this debacle are truly amazing! Provider

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