Kenneth Feinberg, AKA the “pay czar”, has folded like wet broccoli on AIG salaries:

Feinberg said the insurance company also will be allowed to pay the employee incentive payments worth about $4.3 million, made up of an annual long-term restricted stock grant worth about $1 million and a stock grant valued at about $3.3 million on the grant date.

That’s just marvelous.

Maybe we should return to the days of Dwight Eisenhower, and raise the maximum marginal tax rate to 91%, it would help deal with the pillaging parasites.