Sunday, March 15, 2009

Make That $170 Mil In Bozo Bonuses

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

They waited until the weekday news cycle was over to tell us they were skimming off $100 mil of bailout money in Bozo bonuses at AIG, only now its $170 mil. Feeling queasy yet?

Last Nov. 21 MSNBC gushed "Geithner has been a key player in the current economic crisis -- helping Treasury Secretary Hank Paulson and his team manage the wall street bailout."

TimmyG was president of the New York Fed, in charge of Wall St. oversight. He let BofA get away with billions in Merrill Lynch bonuses paid out of your bailout money. He let AIG get away with doling out $50 bil to third party trading partners they won't identify and who, tentatively identified by the Wall Street Journal, won't comment. The $440 large in AIG bailout party money? Way too small to get much attention after the initial insult.

It is simply not credible that TimmyG didn't know that Wall St. lives on bonuses. If we give a failing company $170 bil of our money, shouldn't we at least tell them "By the way, no bonuses this year." Timmy, this one is all your fault, yours and the prez.

White House spokesman Robert Gibbs told us in January, “The president-elect chose Tim Geithner to be his treasury secretary because he’s the right person to help lead our economic recovery during these challenging times.” Thank you, Politico.

The same Bobby Gibbs who told us of TommyD "Nobody's perfect". The prez has an uncanny knack for hiring "nobody's perfect" help, only his hires lean more to "nobody's competent."

In more honorable times, AIG's government-appointed CEO would have resigned in protest over this. Nope, not today, but he does tell us that he finds the bonuses distasteful. Me too.

Capitalism is the legitimate racket of the ruling class. Al Capone

No comments:

Post a Comment