Administration: Changes May be Needed in 90-Percent Tax on AIG Bonuses
1. You GOTTA read this!
2. From the mouth of Bawney Fwanks his-own-self [emphasis mine]:
Rep. Barney Frank, the Massachusetts Democrat who heads the powerful banking committee, supported the legislation but said it may not be enough. He suggested that Washington should consider more steps, including suing AIG to recoup the money. The GOVERNMENT HAS AN 80 PERCENT EQUITY STAKE IN THE FINANCIAL GIANT, a position Frank said should be used “TO ASSERT OUR RIGHTS.”
Excuse me?!?!? The government now has RIGHTS?!??!
Where is THAT in our Constitution?