Here is the interesting news of the reaction of AIG $165 million bonus. Of course these AIG leaders will not take a deep bow and then commit suicide. I think 100% tax on the 2008 bonuses paid by those firms who accepted government money is a very good idea.
Since President Obama announced his ambitious 2010 deficit budget (titled: the New Era of Responsibility), the landscape shaped by President Regan of macroeconomic policy and government's role for 30 yeasrs had changed significantly.
I am an Associate Professor of Economics at Winona State University, where I teach Macroeconomics, International Economics and Forecasting Methods. This blog will provide my observations and collection of news, information, articles, and videos on the issues of global economies, finance, and business.