Monday, March 16, 2009

Bail OUt Fiasco and the Golden parachutes!

Well, AIG wants more money and the big rip is that they are giving bonuses to the folks that dragged their dicks in the dirt and took the whole company down. They say they are contracts and I put out a comment on NPR about contracts. I said that let them go bankrupt just like like the airlines and auto makers and then abrogate those contracts just like the bankruptcy judges did to the unions.

But those big corporations, AIG and the banks have said we are to big to go belly up, all these things bad things would happen if they were to fail. Guess what, all the bad things have happened and now the tax payers are on the hook! I can't describe how angry I am about all the financial dealings of these companies. And it is not like we didn't know it was happening. The business model hasn't changed for at least 2 decades and we let these people continue to threaten us and rob us because we are afraid to let them fail, then shame on us.

1 comment:

  1. It's a shocker isn't it. How do they sleep at night?