TGIF: Definition

This week was all about Definition.  Defining what contracts really allow for was at the center of the debate over the AIG bonuses. Congress did the right thing and defined its power by approving a 90% tax on the bonus money, essentially negating the BS contracts anyway.

I also tweaked the definitions of certain finance terms the other day with my New Glossary and defined the word Bonus for the kids.

Thanks to all for reading this week and have a great weekend!  I leave you now in the capable hands of Mos Def and Talib Kweli, who together form Blackstar. Here is “Definition“:
X

[vodpod id=ExternalVideo.798547&w=425&h=350&fv=m%3D1686775%26type%3Dvideo%26a%3D0]
posted with vodpod