When I read things like "The panel sharply criticized AIG's former top executives..." I want to pound my head against the wall. Is that it? Is that all we can do to the executives that made one poor decision after the next and then hid the true results from both inside and outside auditors. How is this not fraud? And why aren't these people in jail? Or better yet, we aren't they paying ginormous fines, which they're clearly able to pay as all of the execs I've read about that are embroiled in this financial clusterf--k still managed to salvage outrageous salaries and bonuses for themselves even as the companies they worked for were skirting dangerously close to bankruptcy?
Do you think being sharply criticized by Congress means anything to them? It's all just a bunch of b.s. showboating. For the congresspersons, "Look, dear constituents, we are doing something about these scoundrels." For the executives, "Look, Congress, we are solemnly contrite." Meanwhile, they are laughing all the way to the bank.
4 comments:
I've decided I want the WaMu guy's job. $20 million for 16 days work? Nice.
I worry for my kids. Will they be able to keep their house? Will the other one ever be able to afford one? And what about when John retires? Sure, we'll have some health coverage but if something really nasty happens, am I gonna spend the rest of my life sponging off my kids because I HAVE no retirement funds left, having paid catastrophic medical bills?
McCain: "Government spending is outta control and needs to be reined in."
Prudence demands I live within my means. If I choose not to, who "bails" me out?
Best bumper sticker I've seen in a while: "Hail to the thief."
I read yesterday that a week after AIG was rescued, the executives went on a retreat that cost over $400K (nearly half a million), of which $23K went toward spa treatments.
What kind of a spa was that??!?!!?!!
Are the repubs still trumpeting the idea of privitizing social security - letting people handle it on their own with the stock market? Seems like such a supremely, completely insane idea now, even more than before.
Apparently, that privatization deal is what's going to cost a lot of Rep. senators their jobs in November. Merkley sure is spending a lot of money letting folks know that Smith was in favor of the plan.
Post a Comment