March 25, 2009
Thugs Called Out

This letter to Edward Liddy addresses at least three questions:
1. Why do we need to give the AIG executives bonuses? After all, do they really have any alternatives?
2. Didn't they just lose a bunch of money, and now they want to be compensated for incompetence?
3. What are the identities of two of the thugs who are leading this witch hunt?

Posted by Wilson Mixon at 09:56 AM in Politics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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