tag:blogger.com,1999:blog-1508595818128780410.post5209078870319436640..comments2023-05-23T06:07:01.738-07:00Comments on RELENTLESS LIBERAL: A.I.G. Bonuses - The Last StrawUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1508595818128780410.post-29462365463030039232009-03-23T12:03:00.000-07:002009-03-23T12:03:00.000-07:00While the top management makes obscene bonuses, th...While the top management makes obscene bonuses, the majority of other workers (who do not make policy and are not traders) get no raises from year to year. For them, the bonus is in lieu of earned and deserved salary. It is sad that those who comment see only the blatant faults of the system but really don't understand most of what they criticize. They offer solutions that are not applicable nor equitable.Yiayiahttps://www.blogger.com/profile/04635595137716797570noreply@blogger.comtag:blogger.com,1999:blog-1508595818128780410.post-47829715325905410672009-03-22T15:25:00.000-07:002009-03-22T15:25:00.000-07:00Jerome People are peeved but as I keep saying, t...Jerome<BR/> People are peeved but as I keep saying, this was done on purpose and is still just beginning regardless of what anyone thinks!<BR/> <BR/> Have you seen this? Liddy made AIG sound like an orphan begging in a soup line, hungry and sick from being left out in someone else's financial weather. He conveniently forgot to mention that AIG had spent more than a decade systematically scheming to evade U.S. and international regulators, or that one of the causes of its "pneumonia" was making colossal, world-sinking $500 billion bets with money it didn't have, in a toxic and completely unregulated derivatives market.<BR/><BR/> Nor did anyone mention that when AIG finally got up from its seat at the Wall Street casino, broke and busted in the afterdawn light, it owed money all over town — and that a huge chunk of your taxpayer dollars in this particular bailout scam will be going to pay off the other high rollers at its table. Or that this was a casino unique among all casinos, one where middle-class taxpayers cover the bets of billionaires.<BR/><BR/> People are pissed off about this financial crisis, and about this bailout, but they're not pissed off enough. The reality is that the worldwide economic meltdown and the bailout that followed were together a kind of revolution, a coup d'état. They cemented and formalized a political trend that has been snowballing for decades: the gradual takeover of the government by a small class of connected insiders, who used money to control elections, buy influence and systematically weaken financial regulations.<BR/><BR/> The crisis was the coup de grâce: Given virtually free rein over the economy, these same insiders first wrecked the financial world, then cunningly granted themselves nearly unlimited emergency powers to clean up their own mess. <A HREF="http://www.rollingstone.com/politics/story/26793903/the_big_takeover/2" REL="nofollow">The Big Takeover</A>jmsjoinhttps://www.blogger.com/profile/17631105639275375922noreply@blogger.com