Sorry, spunkboy, wrong again.
Any bill of attainder is unconstitutional and illegal, and the requirement to name a person or persons is a fig newton of your imagination. Once Congress gets a list of names, the group or class is named.
The bonus money structure was in place when we got 80% control of the company. AIG was deliberately NOT put into bankruptcy, because it would have collapsed the entire company and sent the world financial markets into meltdown. The goal was to keep the company going until the elements of AIG could be spun off under more favorable market conditions. That would pay the loaned $ 80 billion back and in the immortal words of Hank Paulsen, the American taxpayer would make a profit.
Once the government took the stock deal and passed on the bankruptcy, the contracts were valid and enforceable. That’s contract law in general, and certainly Connecticut State law.
The stimulus bill protected these contracts, and any such contracts entired into before February 11, 2009 by AIG or anyone else.
There are four layers of law that the House violated today. Any lawyer worth his salt would make any absolute killing taking the case of the AIG execs.
The bonuses did not go to reward failure. These execs, regardless of what they did before the bailout, were the key in reducing AIG’s exposure in the credit swap derivatives market by over $ 1.1 trillion. That kept the company intact and afloat until now, and that is why they were paid a retention bomnus, not a performance bonus.
They performed a task, and are due the compensation promised under state and Federal law and general contract law.
You have shown yourself ignorant on these matters. If you shut your piehole you might learn something, but somehow, it is my impression that you think you are already omnisicient.
BS.
"These execs, regardless of what they did before the bailout, were the key in reducing AIG’s exposure in the credit swap derivatives market by over $ 1.1 trillion."
Yeah, right. Their job was to have a good handle on the matter in the first place by providing a real valuation of what they were insuring. They didn't have a handle on it then and they still don't. They're just brain dead lying monkeys passing out taxpayer dollars and attempting to consume the same to the tune of their idiot cheerleaders.
What you've laid out is exactly why no one who fancies themselves as a conservative and respects the Constitution, Capitalism and the rule of law could be anything other than outraged at this piece of legislation and the evil, subversive motivations behind it. Period.