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Sunday, March 15, 2009

An AIG Solution


We tax all the others and pass the revenue on to you



And those of us who manage the public's dollars will be held to account, to spend wisely, reform bad habits, and do our business in the light of day, because only then can we restore the vital trust between a people and their government.

Barack Obama's Inaugural Address



* * * * *

If your husband is killed in Iraq, here's what you get:
$100,000

Here's what Merrill Lynch boss Thain paid out of bailout money to redecorate his office:
$1,200,000

Here's the bonus Thain asked for in December:
$10,000,000

Here's how much Merrill Lynch's top investment banker was paid when M-L lost $27 bil last year:
$33,800,000

Here's the 2009 AIG bonus fund:
$170,000,000

Here's what Merrill-Lynch's 2008 $27 bil loss looked like:
<$27,000,000,000>

Here's how much TimmyG overpaid in the first tranche of TARP purchases:
$78,000,000,000

Here's the AIG bailout to date:
$170,000,000,000

Here's what a three tril bailout looks like:
$3,000,000,000,000

* * * * *

Here's the solution: Stop bailing out companies and individuals who looted our nation. It's America that's too big to fail, not AIG.

Put AIG into operating liquidating bankruptcy RIGHT NOW! It's coming anyway. Execs are keeping the AIG zombie moving solely to line their pockets.

Cowboys shot broke-leg horses, even their favorites, because they couldn't be saved. It's time to put down the dying AIG mule.

2 comments:

  1. Shoot the horses. The mules, the elephants and the jackasses too. This is sickening!

    ReplyDelete
  2. I read about and see these events on the news and feel absolutely powerless about what to do. It is beyond robbery. There are many things I would like to do to these thieves, but I am afraid none of them are legal.

    It is extremely frustrating when you feel that you have absolutely no way of stopping this thievery and must watch from the sidelines as it builds exponentially with none of our elected representatives doing a thing to stop it.

    ReplyDelete