Thursday, May 28, 2009

Huh

This was sent to me by my senior senator, example of the confusing bullshit rammed down our throats by the feds;

Dear Mr. Studmuffin (Added for my amusement) Thank you for writing to me regarding your concern with the potential blockage of the bonuses awarded to the employees of AIG. I agree with you that it is critical that we not abrogate contract law, which forms the foundation of the American legal system, no matter how offensive we may find the actions of those individuals. For that reason, I wrote a letter, cosigned by 43 of my Senate colleagues, to the CEO of AIG asking that he immediately renegotiate or rescind the bonuses the contracts, so as to recoup the payments and make the American taxpayer whole. As a result of the pressure from this letter and other actions taken by Congress, AIG employees have committed to paying back much of the $165 million dollars in bonuses handed out without the abrogation of contracts. I will continue to monitor this situation closely, and explore every available avenue to achieve the goal of recovering bonus money without damaging contract law.Again, thank you for contacting me on this important issue. Please do not hesitate to contact me again if I can be of further assistance on this, or any other matter.Sincerely,Charles E. SchumerUnited States Senator

So let me see if I understand. Chuck did not want to the Fed Gov't to interfere with private contracts in a publicly traded company, so he used his position in the Fed Gov't to force AIG to rescind said contracts. What is the difference?

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