Bill of attainder ping to Today show list.
The Dim-o-crats trying to repair the AIG mess . . . If the current economical book of errors wasn’t so serious, this particular chapter would be downright funny.
The government is trying to create discrimination against AIG for the “rich” employees who were working there while some of their colleagues screwed up in getting the company way too far into CDS (credit-default swaps) that sunk a once great company. These employees getting bonuses have lost all of their 401k’s (for many this was considerable), stock savings and retirements. The bonuses were paid for retention (continuing to work there to keep the company going) as part of a contract to keep the company afloat while it works out its issues and gets more taxpayer dollars.
Now that they have taken the retention bonuses, many of these employees will leave AIG. I hope the federal government starts developing some insurance expertise as they will need to run AIG to be able to hopefully recoup some of the bailout money that has been lent to AIG.
The federal government has no business sticking its nose in and demonizing retention bonuses. They should stick their nose back somewhere the sun doesn’t shine.
Bill Clinton passed a retroactive tax law. Why can’t The Messiah?
“No Bill of Attainder or ex post facto Law will be passed.”
This is not the case... Tax law very often changes in the middle of the year, and it effects moneys earned for that year, even moneys earned before the change.
We don’t need no steenking constitution.
I don’t agree with the bonuses that people at AIG got, but was it legal? If it was, then Congress is to blame, not the people that got the bonuses.
EX POST FACTO laws are PERFECTLY legal in non-criminal cases, the US Supremes has ALREADY ruled. Historically, Ex Post Facto laws are most often used in tax law and gun control law situations.