“This decision by AIG is offensive to the American taxpayer and at odds with the free-market principles they claim to support. I opposed the bailout for these banks as bad policy and I oppose these bonuses as bad morality. I am outraged that middle-class taxpayers who have worked hard and played by the rules are watching their retirement savings and home values shrink, while those who caused our economic pain continue to prosper."Update: Jim White has a video of Rep. Perriello and other congressional representatives standing together to block the AIG bonuses.
“AIG hides behind claims of contractual obligations, but the car companies who received bailout funds found a way to cut wages to line workers. Why is it okay for companies to force cuts on workers but not scale back million dollar bonuses for the executives who knowingly caused us this mess?”
Tuesday, March 17, 2009
Quote of the Day (updated)
Rep. Perriello on the AIG bonuses: