From AIG bonus checks may be taxed at up to 100%, says Sen. Chuck Schumer:

"They should voluntarily return them. If they don't, we plan to tax virtually all of it," New York Sen. Chuck Schumer declared on the Senate floor.

"To those of you getting these bonuses: be forewarned, you will not be getting to keep them."

Cuomo, in a letter to Congress, said he had learned that 11 AIG executives who got retention bonuses of over $1 million no longer even work there.

In total, Cuomo said, the top 10 bonus recipients at AIG shared a combined $22 million, 73 got more than $1 million and the most handsomely paid got a whopping $6.4 million.

Schumer called it "Alice in Wonderland business practices" to give bonuses to executives at a firm that lost nearly $100 billion last year and had to be rescued with $170 billion in taxpayer money.

"It boggles the mind," he said.

Isn't Schumer adorable when he gets all outraged?

So answer me this, because I feel like am missing something here : Where was he when TARP was being written up? What exactly did he do to ensure that the books of these financial institutions saw the day light and came under the scrutiny needed to prevent this kind of chicanery?

And for that matter, where was he along with the whole NY State Congressional delegation all these years? What were they doing to make sure Wall Street was accountable for their gains in good times and in bad?

This is not a rhetorical question. You guys know more about the trappings of the NY politicosphere way more than I do. Was he really a crusader?  read more »