goldenhinde

Current Popular Argument Against AIG Bonuses Takes the Wrong Viewpoint

Jim: Contracts are broken all of the time. Who are you kidding? It is standard fare for large companies to break contracts and then throw so many lawyers at the opposing side that they bury their opponent until they simply say uncle and give up or give in.

I do appreciate the sentiment you express, but you sound awefully naive.


On Mar 21 03:43 PM Jim in Virginia wrote:

> All of this is well and good but had they let the whole thing come
> tumbling down as bad as it would have been with a bankruptcy and
> the following fallout, we would not have been put in the position
> of the government (not a court) retroactively breaking a legally
> binding contract. We are a nation of laws or we are not. If any contract
> can be broken whenever public sentiment deems it necessary, we are
> in much deeper trouble than we are right now.