Just yesterday I was at the U.S. Embassy here in Madrid. While waiting there for a looong time is a usual thing, I’m usually greeted at the end of it by a smiling Spanish face. Yesterday, the U.S. government employee loomed large (and less friendly), and the whole thing brought back memories of going to the Post Office in New York on April 15. Suffice to say that I was all fired up and anti-government-employee when I got into work today. Then I saw this:
Andrew Cuomo has gotten most of the huge AIG bonuses back.
Yup, the American recipients of the horrifyingly disgusting super-bad no-good bonuses at AIG have surrendered them to Cuomo, after he made them an offer they couldn’t refuse.
The attorney general noted that about 47 percent of $165 million in retention bonuses was awarded to Americans, accounting for nearly $80 million. All told, Mr. Cuomo said, A.I.G. employees have agreed to return about $50 million in bonuses.
Mr. Cuomo acknowledged that some bonus recipients declined to give back bonuses, especially those overseas who are outside the jurisdiction of New York State…
A.I.G.’s chief executive, Edward M. Liddy, told Congress last week that he had asked employees to give back half of their bonuses. Mr. Cuomo responded that this was inadequate.
Oh, Congress, this is how it’s done. Use legal means (meaning: Don’t fuck around with words like “attainder” and “post-facto”) to get their names, then give them 2 options: Give it back, or those bus tours terrorizing AIG houses will be parked outside your door in the morning.