Argument: AIG bonuses blackmail taxpayers with threat of collapse
James Hamsher. "Great Idea, Let’s Let AIG Thieves Blackmail Everyone". Firedog Lake. March 17, 2009 - "So what Sorkin is saying is that we should just admit, in a very public way, that we have no ability to regulate the system. That if someone commits fraud and theft on such a massive scale, there's nothing we can do but pay everyone off or they will use their knowledge to steal even more money. He's saying that there is no authority, no viable regulation, no legal structure that can right this mess. All we can do is keep writing checks, pay off the blackmailers and hope that if we let them continue to get rich they won't make matters worse."