I guess Congress is just going to levy a huge tax on any of those bonuses that were paid out by companies accepting a certain level of public bailout, something in the vicinity of 90%.

Seems like the perfect solution. No illegal tampering with the actual bonus. They still get paid. They just have to give most of it back to the Treasury as their little token of sacrifice in these hard times.

In truth, it's a pretty spiteful thing to do and reeks of vigilantism and political posturing. However, I have to admit to going to see the Death Wish movies and cheering as Charles Bronson gunned down the sleazy criminals terrorizing his neighborhood despite knowing full well that a society cannot tolerate taking the law into one's own hands.

AIG CEO Liddy (any relation to G. Gordon?) said yesterday that some of the execs were planning on not accepting the bonuses. Good for them. Perhaps the sight of guillotines on the horizon gave them a heart.

Art