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Law Practice

Mar. 18, 2009

BERG: Coalition of Faint-Hearted Needs to Buy Backbone, Not Pay Bonuses

The Obama Treasury Department needs to take a lesson from plaintiffs lawyers and cut through the AIG bonus baloney, Columnist Martin Berg writes.

If terrorists threatened to blow up the New York Stock Exchange unless their demands were met, we would call it extortion, summon our intestinal fortitude and special forces, and refuse to cave.

When the derivative experts at AIG threaten to blow up the economy if they don't get massive bonuses, the timid souls President Obama has chosen to rescue the economy stamp their feet on television, and then give in. Over the weekend, a furor erupted over the disclosure that AIG...

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