http://www.sundriesshack.com/2009/03/16/the-administrations-response-to-the-aig-bonuses-smell-like-desperation/ Delivering the Best of the New Media Since 2004. Fri, 25 May 2012 06:20:26 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://www.sundriesshack.com/2009/03/16/the-administrations-response-to-the-aig-bonuses-smell-like-desperation/comment-page-1/#comment-682705 suek Tue, 17 Mar 2009 09:51:40 +0000 http://www.sundriesshack.com/?p=8094#comment-682705 If they had any brains, they'd have devised another "chapter" for the bankruptcy law...one that basically said "if the government is on the hook for bailing you out, all existing contract negotiations are null and void, and must be renegotiated and approved by the government before being put into effect." Right now, that happens if you go into bankruptcy court, but for some reason, going to bankruptcy court is a major no no - the earth will tumble. So how about a _special_ category - one just for government bailouts - but not _called_ "bankruptcy". They always think of something else to call things they don't want to admit to - I'm sure they can come up with some nice name... If they had any brains, they'd have devised another "chapter" for the bankruptcy law…one that basically said "if the government is on the hook for bailing you out, all existing contract negotiations are null and void, and must be renegotiated and approved by the government before being put into effect." Right now, that happens if you go into bankruptcy court, but for some reason, going to bankruptcy court is a major no no – the earth will tumble. So how about a _special_ category – one just for government bailouts – but not _called_ "bankruptcy". They always think of something else to call things they don't want to admit to – I'm sure they can come up with some nice name…

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