Goldman Bonus Contracts Are Sacrosanct

URL:  http://www.huffingtonpost.com/2011/03/07/state-pension-...

 

 

When news of Goldmanesque bonuses first sparked public outrage, both Wall Street and the White House combated the criticism with a persistent argument: Yes, it might be deeply frustrating to see taxpayer dollars used to further enrich already wealthy bankers, but these bonus deals were were contractual obligations and America is a nation of laws. You just can't tear up contracts, the argument went. So, with few exceptions, the bonuses stayed.

Yet now, with state leaders planning pay cuts for teachers, firefighters and other public workers, contracts aren't described as so sacrosanct anymore...

Yes. OUTRAGE IS NECESSARY!!!

Why are Goldman compensation contracts sacrosanct when pension plans and collective bargaining rights for teachers are not??