Wednesday, October 8, 2008

What Big Cojones They Have.....

I guess AIG stands for “Ain’t It Grand” because apparently working there, no matter what subdivision of department you’re in, is pretty cushy.

As most Americans, and the world, know by now, AIG executives went on “retreat” less than a week after the government authorized an $85 Million loan to them (once again the United States is a laughing stock).

Apparently the retreat didn't include anyone from the financial services division that nearly drove AIG under, but was for the executives of AIG’s main U.S. Life Insurance subsidiary – practically the only healthy subdivision left at AIG. And granted, the retreat was mostly paid for before the bailout. SO WHAT! Come on, AIG knew it was in trouble last year, AND still decided to go on with the retreat. Spokespeople for AIG are stating that the retreat was a business decision to ensure that current employees wouldn’t leave the company. Come on, where are they going to go? There are no jobs out there! How stupid do you think we are (don’t answer that). I want to know how going on a week-long retreat fixed AIG’s financial problems. I’d like to try that but only if someone else was footing the bill. America, can you lend me a few mill?

This is the typical American way of doing business. Nothing changes if nothing changes. The definition of insanity is doing the same thing over and over and expecting different results. The corrupt get bonuses, and the little guys (that would be us) end up paying the bill. Perhaps it is time to recoup the expenses from them personally. Make AIG, and ALL executives, accountable to pay back every dime. Make them give back their bonuses and give it to people who've lost their pensions. Rescind their raises and perks. Make them give back their retirement and severance packages. Really, how can they go to sleep at night or look at themselves in the mirror?

I work for a small law firm and when we have a problem we all sit around the table and work it out. We don't go on vacation to solve the problem, sometimes we get a free pizza.

To bad it is against the law to file charges against the government and big businesses for mismanaging our money and our futures.

As Ricky Ricardo would say: “Lucy, you have some splaining to do!”

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