And now, of course, some Words:
"...it was his [POTUS Barack Obama's] own boiled carrots who acted shocked at bonuses that they should have known were coming, and should have dismantled before handing A.I.G. another $30 billion two weeks ago. It is bad enough that the billions are being laundered through A.I.G. to the likes of bailout double-dippers Goldman Sachs, Citigroup and Bank of America, not to mention foreign banks.
Mr. Obama belatedly tried to stop the tumbrels that began rolling toward the Potomac after Larry Summers went on Sunday talk shows to assert that there was nothing the administration could do about the blood-sucking insurance monstrosity’s venal payout.
Summers, who inspires lusty dreams of A.I.G. tormentor Eliot Spitzer, asserted that the government “cannot just abrogate” contracts with financial vampires. It seems as though it would be pretty easy to upend a bonus contract that must read something like: “If you ruin the world economy, we’ll pay you an extra million.”
As Andrew Cuomo pointed out on Tuesday, 11 of the A.I.G. executives who received retention bonuses of $1 million or more — including one who received $4.6 million — were not even retained. They’re no longer working at A.I.G. Bonuses were paid to 52 people who have left the company.
At first, on the nutty bonuses, Team Obama thought it could get away with the same absurd argument used to justify the nearly $8 billion in unnecessary earmarks it allowed Congress to jam into this year’s overdue spending bill: It was written last year; we’re just signing off on it; we’ll do better in the future.
What President Obama should have said to the blood-sucking bums at A.I.G., many of them foreigners who were working at the louche London unit, was quite simple: “We stopped the checks. They’re immoral. If you want Americans’ hard-earned cash as a reward for burning up their jobs, homes and savings, sue me.”..."
No comments:
Post a Comment