I know I’m not the brightest bulb in the chandelier when it comes to economics and the government. I admit that I reside in my own near-lunatic fringe with how I usually feel about this sort of thing, but I can’t help but be infuriated about this sort of thing:
New York Times: A.I.G. Planning Huge Bonuses After $170 Billion Bailout
This is absolutely unbelievable. As an American, dare I say “proud American”?, I am outraged at this! The article says (emphasis mine):
“We cannot attract and retain the best and the brightest talent to lead and staff the A.I.G. businesses — which are now being operated principally on behalf of American taxpayers — if employees believe their compensation is subject to continued and arbitrary adjustment by the U.S. Treasury,” he wrote Mr. Geithner on Saturday.
Are we really to believe that they really have the ‘best and brightest’ when A.I.G. is one of the major contributors to the financial mess currently in progress?
Greedy, greedy, greedy.
It is crap like this that makes me spew words that makes me sound unAmerican.
This crap must stop. Now.
U.S. taxpayers now own 80% of AIG. We should fire the whole nest at the top. The company can’t do any worse without them.