<!-- Begin meta tags generated by ORblogs --> </meta name="keywords" content="progressive, liberal, politics, government, edit, language, grammar, accuracy, honesty, clarity, world, news, media" /> </> <!-- End meta tags generated by ORblogs -->> Editor at Large: They should have listened to Ron Wyden

Wednesday, March 18, 2009

They should have listened to Ron Wyden


Oregon Senator Ron Wyden says the fiasco with AIG's bonuses could have been avoided if Obama and Congress had backed legislation that he and Sen. Olympia Snowe introduced more than a month ago. Their provision would have forced bailout recipients to cap bonuses at $100,000, with any amount above that being taxed at 35 percent. The language made it through the Senate, but during conference committee with the House it was inexplicably removed.

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