Skip to main content

View Diary: 18 Billion Dollars? Talk is cheap - GIVE THE BONUSES BACK! (22 comments)

Comment Preferences

  •  There is an NYT article that is BS... (0+ / 0-)

    See the link.  This article claims there are precious few ways to get the money back.

    Some suggest that the easiest way for Congress to recover the money would be to impose a substantial tax on 2008 Wall Street bonuses retroactively, but that would hurt New York and other financial centers.

    But, as Jonathon Alter noted last night on KO, all the Congress has to do is pass a law taking back the bonus payments.  It can be crafted in such a way as to be general but only affect forms that failed to make a profit in 2008.

    This would not hurt New York or other financial centers enough to make me care.  It is far past time they were hurt like the rest of us.

    Never give a sword to a man who can't dance. Confucius

    by PhotogHog on Fri Jan 30, 2009 at 05:42:59 AM PST

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site