2009-03-20

AIG bonuses: Hoover and Roosevelt all over again

Americans vote for 90% tax on AIG bonuses
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article5942865.ece

This is exactly the same mistake Hoover and Roosevelt did in the great depression.

Sure now is bonuses only (for now). But tomorrow will be same for dividends. After tomorrow - everything else.

I am wondering how Governments (not only US), if they must choose between two bad options, always choose third one - much worse option.

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