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A.I.G. Plan for $100 Million Bonus Payout Draws Fire

So reads the headline today, following the others about Sachs Goldman back in the profit column (in part because they got $1 on the dollar in their dealings with guess who – AIG – when they should have gotten a few pennies), which was issuing itself mere billions in bonuses.  As these things happen we hear the chorus of complaint – how could they do this when millions are losing their mortgages, their jobs, have they no understanding of what is going on.   They just don’t get it ! The answer, though, is yes they know very well what is going on, they “get it,” more than you or I, and they are out to get while the getting is still good.  They know the house of costly cards is already a heap on the ground and they’re extracting every last buck out of it that they can, and J.Q. Public, living down the street under a cardboard box be damned.  Those millions, stashed away out of reach to the tax-man will build a nice house in some warm clime, etc.

Edward Liddy, current CEO of AIG

Robert Benmosche, last year’s CEO of AIG

BofA Approved More Than $4 Billion For 2009 Pay

Brian Moynihan, CEO of BofA at Davos

Now do these guys look like some regular old Joe’s or more like a bunch of nut crushing thugs?  I can guarantee you there’s only one way you get to where they are, and that is by smashing whoever gets in your way.  Pin-stripes are no longer the banker’s uniform.  I once saw Mr Gotti on Elizabeth Street in New York’s Little Italy.  He dressed very classy too.

Meantime our well-intentioned President has produced the headline below, either showing the he really doesn’t get it, or he’s in for a final round of rope-a-dope before letting the hammer down.   You would think one didn’t really need any more evidence as to what the Republicans want – they want Obama to fail, at whatever cost to the country, and nothing else.  Perhaps he’s merely setting them up in case anyone didn’t get it yet.  Or perhaps he’s just a terminal nice guy.

Obama Acts to Engage G.O.P., Testing Party’s Intentions

Pence and Boehner


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