Wednesday, October 08, 2008

Quick thoughts on the (latest) AIG scandal


There's a fair amount of outrage in the US Congress, the media and the blogosphere about AIG's profligate behavior in the wake of their bailout.




Days after it got a federal bailout, American International Group Inc. spent $440,000 on a posh California retreat for its executives, complete with spa treatments, banquets and golf outings, according to lawmakers investigating the company's meltdown




You would think that a bunch of monkeys clever enough to wrangle themselves into the corner office would have had a hell of a lot better instincts for political survival to know to keep their heads down when Congress is itching to play Whack-a-mole with potential corporate scapegoats.

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1 comment:

Flatland Pastor said...

We can fix the liquidity problem in the market right now. Here's how:

Institute an international lottery. For $2 (US/Can/Euro - I don't care) you get a weekly chance to "pie kill" an investment banker on national TV in your home country. Victims are to be voted on by phone with the surcharge going to cover the cost of producing the TV show. I suspect this show will become more popular than 'Dancing With the Stars', 'Survivor', 'The Incredible Race' and 'Big Brother' all rolled into one. Weekly winners get put into an annual draw to be allowed to 'slime/chicken cannon/hose down' an entire board of directors of a major financial investment firm (also voted on by the public). This keeps up until either the flow of Toonies bails out the banks in a particular country or we get tired of watching fat cats get their just desserts. I don't think this is ever gonna get old.

Think of the possibilities for 'specials' too. Getting Ken Lay and the gang of miscreants from ENRON on the tube for some much needed payback. There are so many deserving candidates - Worldcom, Bre-Ex, it just goes on and on.

And here's why it will work - the money generated will save those fat b**t**d's **s*s and they won't have to pony up dollar one. You KNOW they'd do it.

Somebody call FOX! NOW!