It was also stated that if the company went into bankruptcy, it would have prevented the payments...
There are lots of options that could have been done to prevent the immediate payment...
Liddy made it clear that he relucting paid the bonuses for the reasons I already detailed. It was also discussed in the meetings that Liddy said it was a tiny fraction of cost compared to the total loss if the company fails to wind that business down... Why is that so hard for people to understand?
Sounds like Congress had some chances to halt those bonuses too yet they fail to point the finger at themselves. They had a couple of chances to write laws to prevent them. They also could have given bailout money with stipulation that the company goes into bankruptcy.
We should have hearings on Congress can pass billion dollar legislation without reading them...
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