My Idea

Ken AshfordEconomy & Jobs & DeficitLeave a Comment

Pay the AIG executives' bonuses with the toxic assets they created.

UPDATED —  A better idea:  Congress is thinking about taxing the bonuses at 100%.  No, no, no.  Tax them at 150%.  That way, the exec will simply refuse to take them.

RELATED — From John McCain's twitter feed:

If we hadn't bailed out AIG = no bonuses for greedy execs

Interesting perspective.   Well, yes, that's true — the greedy execs wouldn't have gotten their bonuses, because AIG would have gone under.  You know what else would have happened?  The economy would have collapsed and millions would have found themselves unemployed and struggling to feed their family.

But I guess that's beside the point….