AIG’s ceo belongs in JAIL

by jackie sheeler on November 11, 2008

who the FUCK are they kidding here? on the same day that AIG received another $40,000,000,000 taxpayer dollars to bail out their business, they skipped off to another upscale luxury executive retreat — one that is estimated to have cost close to half a million dollars.

that’s right, people. YOUR money just bought these bozos all the filet mignon and champagne in the world. YOUR money is still paying for AIG’s luxury suite at madison square garden.

pissed off, much? TELL CONGRESS WE WANT A REFUND.

and what do we get out of this deal? apparently not much, as AIG’s alleged financial crisis has already led to the cutting back or elimination of critical public transportation services like the washington metro and new jersey transit, to name just two.

corporate law experts predict a slew of indictments as a result of both corporate malfeasance before the crash and misappropriation of bailout funds after the fact. it can’t happen soon enough for me: let the perp walks begin with ceo robert willumstead.

can you tell that i am beside myself over here? these fat cat motherfuckers walking away with multimillion dollar bonuses that come out of OUR pockets. 

and it ain’t just AIG.  goldman sachs GAVE AWAY THEIR ENTIRE BAILOUT GRANT IN EXECUTIVE BONUSES. in other words, all they had to do was skip the bonuses this year, and they wouldn’t have needed a bailout. the people who mismanaged goldman sachs into near-bankruptcy get huge checks after running that company into the ground. and YOU are paying for it. I am paying for it.

new york city is cutting transit workers and cops and slashing every bit of fat out of its budget. a record-breaking 1500 newly homeless families entered the shelter system in september alone — and that’s just here. how many new homeless are there in your city?

but we sent over a hundred billion dollars to AIG. nine billion to goldman sachs. how many homeless people could be rescued (or at least housed safely) with a billion bucks? i can’t even begin to do the math.

who else is getting your money? unbelievably, the government refuses to tell us. get that? two TRILLION dollars have been distributed by the fed in some kind of deep throat operation, and they don’t want us to know where it has gone. further, the treasury department is even redacting the terms of the agreements they’ve made: the documents released so far look like letters that were censored by the KGB. and the way the bailout bill was structured means this kind of secrecy is par for the course.

and now the totally incompetent auto industry is revving into high gear and begging for a bailout of its own. NO FUCKING BAILOUTS FOR DETROIT, BARACK, OKAY? i mean, what’s next? DHL just announced it’s cutting 40,000 US jobs (yes, forty thousand, you read that right), virtually going out of business entirely in this country. should we be propping them up as well, putting the whole company on life support just because it failed to compete effectively with UPS and FedEx?

when i make bad decisions or follow a poorly thought-out strategy, i suffer the consequences. corporations should start to do the same.

if not, we’re all going to end up living on the streets:
**

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Aig’S Ceo Belongs in Jail | Get Angry with Me
11.11.08 at 10:32 am

{ 6 comments… read them below or add one }

Melissa 11.11.08 at 10:25 am

It is absolutely sickening!!!!! By the way, in the midst of all of this economic struggle some high ranking directors at national charities have given themselves raises as well!!! Meanwhile they have cut back on benefits to the populations they serve due to the financial crisis!!! Shouldn’t they take a pay cut? It’s a charity for God’s sake!

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cyndi 11.11.08 at 11:23 am

‘but we sent over a hundred billion dollars to AIG. nine billion to goldman sachs. how many homeless people could be rescued (or at least housed safely) with a billion bucks? i can’t even begin to do the math.’

That just about says it all, Jackie. They’re going to use up as much party and fun money as they can now because they know the partie’s over. Bastards. Happy holidays to their employees that were laid off this year, eh?! Scrooges.

genders 11.11.08 at 3:49 pm

I agree with Melissa; the treasury is being looted (not that there’s any money to loot, they’re just printing it) before the party’s over. I just hope we can trust Obama to cut off the pipeline, period.

Blog for Beginners 11.13.08 at 3:36 pm

..to another upscale luxury executive retreat?

I can’t believe this. WTF are these people trying to prove? Anyway, that’s the reality of public co. in times of crisis, all they care about is their own ass.

Yan

Blog for Beginnerss last blog post..8 Google Lessons I’ve Learned from Garry Conn

Blog for Beginners 11.13.08 at 3:39 pm

By the way, why are you center-aligning your comment text? did you do it on purpose?

I just thought I should let you be aware of it.

Yan

Blog for Beginnerss last blog post..8 Google Lessons I’ve Learned from Garry Conn

AmyL 11.15.08 at 1:43 am

I live in Michigan where the economy has already been just horrible for years, so the idea of the automakers closing is scary. Someone pointed out the other day that we survived the airlines going through bankruptcy a while back. I hate that it hurts local people, but I really don’t want to see any bailout money coming our way. And don’t get me started on cities asking for bailout funds!

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