Richard Webb -> Ross Cassell wrote:

 RC>> Bonuses may have been based on other criteria or numbers before the
 RC>> issues arose?? Either way it was in the contracts. NFL players get
 RC>> contract bonuses, get paid, even if the team didnt make the
 RC>> playoffs.

 RW> Agreed, but I have a problem with the whole concept of a
 RW> bailout.

The road to hell is paved with good intentions.

 RC>> As Mr Drum pointed out, the bonuses paid out were a mere fraction of
 RC>> the monies that comprised the bail out..

 RW> YEs, and imho the bailout should have been $0.

Too late now..

 RC>> What bothers me is the President Of The United States getting in
 RC>> front of the TV cameras, bloviating that the bonuses are wrong and
 RC>> that he intends to put a stop to it, when in fact he knew of them
 RC>> beforehand and in fact his treasury dept was pressuring Sen Dodd to
 RC>> put language in the stimulus bill to account or allow for them..

 RW> I was under the impression this bailout was engineered by
 RW> the previous administration.  Whoever did it, it's not the
 RW> thing to do.

Should Chrysler have been bailed out nearly 30 years ago?

If the Govt is going to stick its nose into regulating business, be it
rules, anti-trust etc, then some feel it is incumbent upon Govt to protect
it.


-- 
Ross
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