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



To: koan who wrote (95302)3/15/2009 1:42:23 PM
From: mishedlo1 Recommendation  Read Replies (2) | Respond to of 116555
 
Koan, can you please put in links when you post an article? It will save many of us time if you do.

Thanks
Mish



To: koan who wrote (95302)3/15/2009 1:42:45 PM
From: mishedlo2 Recommendations  Read Replies (2) | Respond to of 116555
 
Bazooka Boomerangs: Banks Return Bailout Funds
globaleconomicanalysis.blogspot.com
In what any sensible person knew would eventually happen the moment the program was announced, Banks are now scrambling to return bailout funds. ...