There’s an easy way to not pay the bonuses, there is good legal footing to deny them. What is lacking is political will. Let’s help those spineless twerps in DC out.
I should note that there are rumors that if the bonuses aren’t paid, the managers (or the French, it’s unclear) will declare a default event and trigger hundreds of billions of dollars more to come due. To which I say to the AIG management: bullshit. Go ahead and try it and take your economic terrorism elsewhere. Go Galt on us, please, you worthless shitbags.
Team Obama needs to get out in front of this. It’s a position so easy to spot that even Bill Kristol can see it, and if Obama doesn’t deny the bonuses, then they just gave the GOP a 300 pound birthday cake. With balloons.