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A.I.G. Bonus Rage is Useless & Harms Efforts to Shore up Economy:

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amborin Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-21-09 02:29 PM
Original message
A.I.G. Bonus Rage is Useless & Harms Efforts to Shore up Economy:
----the real cuplrits....like Joseph Cassano, the former head of AIG's London "financial products division" is counting his money in retirement.....

----pounding AIG is destroying AIG's value and harming taxpayers

----it's beside the point----the bigger issue is the money AIG funneled to its counter-parties, especially Goldman Sachs....

----it's destabilizing----how can anyone run any company when the rules keep getting changed?

----it's aiding and abetting rethugs....who are loving this


etc......

<http://www.nytimes.com/2009/03/21/business/21nocera.html?ref=business>
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earthside Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-21-09 02:36 PM
Response to Original message
1. Nuts!
AIG, especially in the past few years, has become a giant scam whose purpose was to gamble risk -- they lost and now we get to pay.

And people like the author of the NYT article and apparently Obama and Geithner act like we are supposed to feel privileged to be bailing out the con artists.

Pain is coming one way or another ... we can go hundreds of billions of dollars into debt and still experience the pain, or we can let AIG fold and suffer the pain now (and hopefully get it over with sooner).

The outrage at the bonuses is symbolic, most of us understand that -- it is time to end this corporate 'rescue' scheme that is simply transferring even more of our wealth to the Wall Street elite.
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amborin Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-21-09 03:16 PM
Response to Reply #1
5. most of AIG was/is fine....it's theLONdon office that did the scamming
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earthside Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-21-09 04:41 PM
Response to Reply #5
8. "Most of my body is fine ....
... but the cancer in my pancreas ..."

Well, you get my meaning,, don't you?
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-21-09 02:37 PM
Response to Original message
2. So the average person struggling to make ends meet
...should just shut up about the greed of the upper class that put us in this mess that the AIG bonuses represent?

I say we have ignored the greed too long, its healthy for our society to get upset about it after the last 30 years of being sheep.
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-21-09 02:46 PM
Response to Original message
3. AIG lied and
continues to lie


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liberalmuse Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-21-09 02:50 PM
Response to Original message
4. That's interesting.
What makes people presume to tell others how to feel, and worse, have the audacity to tell others their feelings are somehow fucking up our collective ability to resolve some greater issue? Bullshit! :banghead:
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amborin Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-21-09 03:17 PM
Response to Reply #4
6. yep, feelings trump rationality, often
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Kurt_and_Hunter Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-21-09 03:20 PM
Response to Reply #4
7. Thank heavens you never had the presumption to criticize invading Iraq
Edited on Sat Mar-21-09 03:20 PM by Kurt_and_Hunter
Personally, I felt that people thinking it appropriate to murder Arabs because of their irrational feelings about 9/11 were somehow fucking up our collective ability to conduct rational foreign policy, and I had the audacity to tell them so.

What an asshole I am.
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amborin Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-21-09 04:58 PM
Response to Reply #7
9. huh? i and many others condemned any iraq invasion, pre-invasion, for rational reasons, not sure
what your post is even saying
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Uzybone Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-21-09 08:19 PM
Response to Original message
10. K&R, for reasoned perspective
I just read this article. The armed robbers are counting their cash, and we are ready to lynch the pickpockets.
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