Warning, this is a little bit of a rant. However, I think this is VERY important. Today the House passed a law to tax bonuses at 90% ex post facto. I am not a lawyer, but it appears to me that our Congress in on the verge of unraveling the very fabric of our society. Partisan politics aside, ex post facto laws are unconstitutional.
Now the President and Secretary of the Treasury are going to try and control the compensation that is paid at A.I.G. Should we just renamed it to U.S.A.I.G – United States of America Insurance Group?