Whatever...
" We can have reasonable discussion about whether or not the government should have gotten involved in the first place, but contracts (and these were legitimate contracts)"
Produce the contracts! Produce the contracts these worthless morons had with the American taxpayer! Produce them, or your claims are as vacuous and empty.
It was written in the porkulus bill by Mr. Dodd himself.
Show us the proof that the SPECIFIC people who were given these contracts were worthless morons. Prove it or else your claims are vacuous and empty.
Are you unhinged? Do you not understand the most fundamental principles of business law and practice? Really, this is business 101.
Edward Liddy, in his sworn testimony to Congress yesterday, described in great detail the terms and conditions of these employment contract. If you like, feel free to Google his testimony. It might also help you to read the entire thread. A little self-eduction could do you wonders.
When a business in purchased, that business assets and liabilities are assumed by the purchaser. The employment contracts for these executives/employees are liabilities. When the US Taxpayer, vis-a-vis the US Congress, to an 80% equity position in AIG, it also took an 80% risk in the liabilities attached to AIG - AKA these employment contracts.
This is not complicated. What the US Congress is doing is clearly unconstitutional and a tremendous danger to our way of life.