Interesting news tidbit:

U.S. House Set to Vote on 90% Tax Targeted at Executive Bonuses

U.S. House Democratic leaders have set a vote for today on a proposed 90 percent tax on executive bonus payments by companies receiving more than $5 billion in federal bailout funds.

The move is obviously targeted at AIG, but will include many other companies receiving bailout money.

One thing that people tend to forget is that Congress makes the rules, and if you screw people over badly enough, even if what you did was technically legal, you will be the target of political backlash and revenge.

Congress is effectively saying, when all else fails, change the rules.

In my opinion, it’s about time.