AIG

I believe that banking institutions are more dangerous to our liberties than standing armies.
Thomas Jefferson

By now you have heard the disgusting news of AIG, recipient of the massive $100 Billion taxpayer bailout, paying yet again a round of bonuses totaling millions to the same leadership team that drove this company to the brink of insolvency. AIG is claiming that these incompetent assholes are grandfathered in due to contracts that rewarded them for acts that in any other business would be labeled as criminal.

Hey, here is an idea they probably never considered – why not fire these losers for dereliction of duty? Their job was to make money, not destroy the company. They made money, sure – lining their pockets while nearly destroying the economy of the entire Western World. If you were employed in any other private sector and exhibited such a grand scale of incompetence, you would not be around for long. In high-finance banking apparently you are rewarded so long as we have a president that is willing to steal tax money to bail your organization out.

Timothy Geithner, Obama’s faviorite tax dodger, defended the AIG bailout again and again. Apparently even this tax cheat has reached the point of exasperation at AIG’s blatant thumbing their nose at the taxpayers. The question remains, why would AIG have to be reminded that giving out a second round of bonuses, totaling $200 Million of what is in reality taxpayer money to the same people that cause the problem was not a wise idea?