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Read other letters about this article
On March 18th (see sig for link to read in context) I wrote:
The "Geithner plan" to have AIG "repay" these bonuses does no such thing. The "plan" is to "recover" an amount equal to the bonus money (which despite what is commonly said is closer to 500 million than it is to 165 million) by withholding it from the next 30 billion dollar check.
Bottom line? The AIG bonus "revelation" has been known for a while. Like many other fuzzy numbers, those who took pronouncements at face value without looking deeper may regard the 454 million dollar figure as a "revelation", but more than a few people who are long since tired of trying to choke down fuzz were already well aware.
Fuzzy numbers everywhere...when what we need is reality. See http://www.chrismartenson.com/crashcourse/chapter-16-fuzzy-numbers for more...
