“President Obama and his top economic advisers scrambled to calm a nationwide furor on Monday over bonuses paid at the American International Group, even as administration officials acknowledged they had known about the issue for months. One day after the economic advisers insisted that their hands had been tied by contracts requiring the payments, Mr. Obama ordered the Treasury Department to ‘pursue every single legal avenue to block these bonuses’ and make the American taxpayers whole.” (New York Times, Tuesday)
Who bailed them out?
FEE Timely Classic
“Reflections on Self-Responsibility and Libertarianism” by Nathaniel Branden