Thursday, March 19, 2009

I didn't get to see all the hearings but behind the bonuses initially planned to be given away was their costs to be by far lower than the cost to the taxpayer right now funding the company of a disorderly unwinding of these derivatives still to be completely done.
A messy handling of this final phase could have cost a lot more to the taxpayer than the bonuses planned, I understood from Ceo Liddy that keep that team together to do the best job possible at the lesser cost possible for the company was the initial motivation whatever his opinion might be over the all experience. The urgence was to make sure nobody leaves while the fire was still burning as it would add to the company's problem.

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