enthalpy

enthalpy

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The truth shall set you free, but first it's going to piss you off

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Sunday, March 15, 2009

Posted 3/15/2009 05:22:00 PM by Douglas

Where is the public outrage from the bailout money? The first half-trillion was bad enough, but now where're encouraging failure by paying for bonuses.

White House officials and some members of Congress reacted strongly Sunday to news that insurance giant AIG had intended to pay out $165 million in bonuses and compensation. The company has received at least $170 billion in federal bailout money.

I like the way this one's worded. "Had intended" to. As in "had intended to, but didn't." That's not what's happened, is it?

I just don't understand how the bonuses are mandatory, yet without money from Uncle Sucker, they wouldn't get squat. Pretty fucking arrogant for AIG to thumb their nose at the rest of us. Since the Fed firmly affixed the "unfailable" stamp on them, they realize they can do whatever they want.

That's how this is going to go down. GM, I hope you're taking notes.

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