Showing posts with label Financial bailout. Show all posts
Showing posts with label Financial bailout. Show all posts

Wednesday, March 18, 2009

AIG management are a bunch of douches


You've no doubt heard the news by now that AIG, the failed insurance company that is only being kept afloat through the courtesy of tax dollars (yours and mine), was caught paying more than $165 million in bonuses to the executives who basically put them in the toilet in the first place.

Are they that arrogant or that clueless? I don't care what you promised these people. If you're getting $130 billion in bailout money, you don't pay anybody anything extra. Especially the people who caused you to need to ask for $170 billion in bailout money in the first place!

This is not rocket science people. It's business 101. I do a bad job, I don't get a bonus. I get fired. End of story. But because they're "executives" at a corporation we owe them that money?

I don't think so. But I'll tell you what. I'll help you out with a little more cash. Here's a quarter. Buy a clue. AIG management -- you suck.

Wednesday, October 8, 2008

Enough already!


I don't know about you but I am sick and tired of hearing all this financial stuff on the news lately. It is just getting sickening and depressing, and there's really no reason for it. Especially all the stuff about Fannie Mae and Freddie Mac.


I mean, really. I like Fannie Mae's candy as much as the next guy. The assorted creams in particular are excellent. I know their decision to sell out and close some shops in Chicago was bad, but I hardly think it was the cause of all our nation's financial woes. There's always Dove, and even Russell Stover isn't too bad if you hold your nose when you eat it.


As for Freddie Mac, well, sorry, but the man is dead. I know Judge Smails didn't like him, but I think we should let him rest in peace. It's really easy to blame someone who's dead for your financial troubles because he's not around to defend himself. But seriously, Mr. 300 was a pretty good movie. It's no Bull Durham or Field of Dreams, and I personally think it's a cut below Mr. Baseball, that Tom Selleck movie where he goes to Japan and bangs the daughter of the team manager. But it's at least as good as Major League 3, and I think it's better than that other piece of shit baseball movie Kevin Costner made where he's a pitcher not too long ago, even if it was directed by Sam Raimi who usually does a pretty good job. Besides, he was in all three of the Ocean's movies so you have to give him that.


I say let sleeping dogs lie. Quit blaming chocolate companies and dead comedians for your troubles. And let's have some happy news for a change.

Friday, September 26, 2008

Paying for incompetence

As long as we're all weighing in on the whole financial crisis, I thought I'd add my two cents. I saw a couple of lines buried in a newspaper article yesterday that just made my blood crawl. It was just a throwaway to the main piece, but to me should've been the focus.



One bone of contention between Congress and the President, apparently, is a plan to reduce the pay of the executives who led their respective companies into this mess. How they hell can there be any question on this matter? Those guys should be happy they're not being put into the stocks so all the investors who are losing money left and right and all the taxpayers who will be paying for this bailout for many years while these ass clowns sip expensive brandy in their posh country clubs can throw rotted fruit and vegetables at them! Holy suffering Christ in a green hat!

I'm their defenders will be saying it's more complicated than that. But they are the leaders of their organizations and supposedly financial wizards. If that is true, how can they not know that lending money to people who don't have the wherewithal to pay it back is a bad idea? Even Cobb knows that, and he's no financial wizard. He can barely balance his checkbook.



These guys should be forced to work day and night to make up for what they've done. They should be forced to give up their hoity-toity lifestyles and pay the most of their personal fortunes to get the bailouts going. They need to take responsibility for their failures, just like they took ample rewards for manipulating the system to show short-term gains. If you do that, then I think you can pay them the generous salary of $30,000 a year so they can support themselves and their families.



But that will never happen. These so-called leaders are in the old boys' club, so they will get off with a slap on the wrist while us average joes take it up the ass yet again.



It says "In God We Trust" right on the money they squandered. Looks like we can't trust anyone else.