I am no financial expert; I have never even balanced a checkbook, so, I’ll keep this short.
But I just have to say something about this whole “bailout” mess that we are in right now.
Specifically, I want to react to something I recently read on CNN.com.
In this article, the Chairman of AIG (a company that got $170 billion in bailout money) said the following about the payment of huge bonuses using that money (OUR money):
“There are serious legal, as well as business consequences for not paying.”
Are you fucking kidding me!?
Of course there are going to be legal and business consequences! When you destroy a company, there are supposed to be consequences! But, since you ran your company into the ground, don’t you think you should suffer them? This money wasn’t given to you so that you could conduct “business as usual”! Nor was it given to you so that you could make a couple more payments on your spare maserati, ya’ dumb fucks!
Seriously… who had the bright idea to give hundreds of billions of dollars to people who appear to spend money like drunken sailors? Without any consideration for what they actually spend it on? Isn’t that like “bailing out” a person who is addicted to gambling by giving them money while they are still in the same Casino they just lost their life savings in? “Now, I’m trusting that you won’t spend this here… even though I am paying you in chips.”
It doesn’t take a degree in economics to figure out what the outcome of that would be.
As for the suggestion that you need to pay these bonuses otherwise you will lose talented people to other companies? Really? You’re serious? Read a paper lately? We’re all fairly screwed here. Where exactly do you think they are going to go?
You people are really amazing.
We were incredibly stupid to give you more money to burn.