"Why can't the government act like a free-market entity?" whine executives from companies like AIG
Five AIG executives have threatened to walk if government overseers cut their pay, according to The Wall Street Journal. (Two members of the group reportedly changed their minds over the weekend.)
News flash, guys: There's nothing "free market" about being 80% government-owned, so I wish these people would stop making the "free market pay" argument. In a true free market, AIG would have failed. It would no longer exist, and the market would have rewarded its execs with a salary of zero dollars.
This is a major reason I was always opposed to bailouts for companies like Bank of America
Maybe these folks should feel grateful to have jobs in the first place. Given how many folks are currently unemployed through no fault of their own, I somehow doubt that a pay-related insurrection will earn AIG executives any sympathy.
Riff (or rant) in the comments boxes below.