Rich Wall Street executives are robbing us blind
tags:YT poster:
After receiving bailout funds, Wall Street corporations are still giving multimillion dollar bonuses to their executives.
There's something perversly wrong if AIG's chief execs are more worried that their head crooks might sue them, than the possibility that everyone involved might end up in a Federal pound-you-in-the-ass prison for the rest of their miserable lives:
The US treasury secretary, Timothy Geithner, tried to block the payments last week. In a phone call, he is said to have "berated" AIG's chief executive Ed Liddy over the scale and timing of the handouts. While accepting the awards were unpalatable, Liddy responded that they were contractual requirements and AIG could not find a legal way to escape them.
Let me get ths straight: The insurance industry, you know the one that effortlessly conjures up scores of convenient reasons to delay or deny little jaundicing Johnny's liver transplant or pay up on Joe Punchclock's storm flattened house after collecting premiums for years, is suddenly helpless when it comes to finding the legal justification to withold hundreds of millions in "bonuses" to the guys who sunk their company along with the global economy? Yeah. And if you believe that, I've got a tranche of guaranteed-not-to-fail Credit Default Swaps to sell you.
After receiving bailout funds, Wall Street corporations are still giving multimillion dollar bonuses to their executives.
There's something perversly wrong if AIG's chief execs are more worried that their head crooks might sue them, than the possibility that everyone involved might end up in a Federal pound-you-in-the-ass prison for the rest of their miserable lives:
The US treasury secretary, Timothy Geithner, tried to block the payments last week. In a phone call, he is said to have "berated" AIG's chief executive Ed Liddy over the scale and timing of the handouts. While accepting the awards were unpalatable, Liddy responded that they were contractual requirements and AIG could not find a legal way to escape them.
Let me get ths straight: The insurance industry, you know the one that effortlessly conjures up scores of convenient reasons to delay or deny little jaundicing Johnny's liver transplant or pay up on Joe Punchclock's storm flattened house after collecting premiums for years, is suddenly helpless when it comes to finding the legal justification to withold hundreds of millions in "bonuses" to the guys who sunk their company along with the global economy? Yeah. And if you believe that, I've got a tranche of guaranteed-not-to-fail Credit Default Swaps to sell you.








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| 8 months 2 weeks ago | CH






