Off With...

[lsanderson]

Off With the Bankers
By SIMON JOHNSON and JAMES KWAK
Published: March 19, 2009

A.I.G. can hardly claim that its generous bonuses attract the best and the brightest. So instead, it defends the payments by arguing they’re needed to retain employees who are crucial for winding down transactions that are “difficult to understand and manage.” In other words, only the people who stuck the knife into the American International Group can neatly extract it for a decent burial. More