Wednesday, October 8, 2008

Top-down economics

Saw this coming a mile away:

AIG Execs go on Vacation

Ever wonder how a bunch of corrupt businessmen spend your tax dollars when you bail them out? This is how they show their gratitude. I also read today that Dick Fuld, the CEO of Lehman brothers, was punched in the face at a gym and knocked out cold. To catch you up on the story, he basically implicated everyone but himself in the failure of his firm and dodged questions about the $480 mil he's raked in from the company during his tenure as chief executive with esoteric financial lingo. Frankly, I'm glad someone had the cojones to knock him out.

Now check out the article about the AIG execs and how they spent your tax dollars after they were bailed out to the tune of $85 bil. This is why the dems were so adamant about tacking on stipulations about executive compensation to the bailout bill - because of corrupt assholes like this. Did you really expect these people to graciously accept our money and not throw a big party for themselves? I can't say I'm surprised.

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