It should be obvious that the AIG traders, and many others like them, deserved to be fired and perhaps prosecuted rather than enriched. The "too big to fail" argument for saving their sorry behinds always amounted to a kind of blackmail. The threat was stated explicitly in the remarkable letter sent last weekend by AIG chief Edward Liddy to Treasury Secretary Timothy Geithner that sought to justify the latest bonuses. |
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.