The damage is done.
No reversing now.
And our government is only going to pound bigger mistakes on top of these miserable mistakes. :(:(:(
The overreaction is extreme, counterproductive, and wholly predictable. These jackasses brought it on themselves. A lot of people in this country will say good riddance. We would have been better off without their “expertise” over the last dozen or so years.
“....Moscow.....where the rule of law still prevails.”
Is this the same Moscow where Putin’s cronies throw business rivals in jail and take over their companies? Or maybe you mean Moscow, Idaho.
Wondering how many FReepers actually think that the Obama misAdministration’s goal is to really fix the economy?
Clue: Obama is a Marxist, an anti Capitalist.
They come after bankers. Who’s next? Gun owners? Bloggers? These libs want to destroy America so hungry people will join the force so they can eat.
They should be and they should stop the government right in their tracks.
*sigh* another defense of corporate welfare thread...
These douche bags are lucky to even have a job. If the government had let them go into bankruptcy, like they should have most of them would be on the street without their precious little contracts. The sense of entitlement that these under performing losers have is outrageous.
I do’t want to pay for these losers mortgages in the form of taxpayer funded bonuses. In what bizarro world do you award and defend bonuses for miserably performance?!
bump
Obama, et al, are talentless...except at getting government tit jobs, and using the force of law to bully the sheeple. The only way they can seize power over the society, absolutely, is get rid of smarter people....or getting them to shut up, or get aboard. "O" doesn't want a vibrant economy; he wants an obedient brand X. There'll be plenty of wealth for him and the marxist elite without financiers. All they need is the IRS, ACORN, brown shirts, and lawmen and soldiers...and the finance folks who would simply want to be on the winning side.. who value their paychecks over their souls. Hugo and Kim Jong are doin' awright. Right?
Dachas on the Potomac for them. Tar-paper shacks for you and me.
[and civil service jobs for the servile boot lickers] This ain't stupidity, IMHO: Evil genius.
The American frogs jump out of the pan...and land in Switzerland. Better they get out now , before they're liquidated.
It'd be nice if there were some testicled patriots in congress and the SCOTUS. We want Pat Henry; we settle for McCain; we get Dodd, Kennedy, Frank........
If this keeps going, we'll be wanting and needing Pinochet.
When it comes to business brains vs. Congress brains, it’s no contest - businessmen are far smarter than Congressmen.
never saw that coming...whodathunk
Paul Revere has been not just ignored...but mugged and gagged...
Since the whole world economy is in the toilet, pardon me if I say “let them go”.
Seriously, these “genius” bankers are the one who flushed the worldwide economy. Exactly who is going to keep paying these mega-bonuses as the economy continues to tank.
Europe and Asia are worse off than us, so this is all spin!
Cheers!
Does that mean they'll get their taxpayer bailouts from "London, Shanghai, Moscow and even Paris" from now on?
With the megamelt of companies that gorged on CDS's and CDO's as backdrop, you can make this statement with a straight face?
Buy a clue, bud. Wall Street in 2005 was not a shining beacon of "the rule of law".
Some “reality” points here. AIG should have been allowed to fail in an orderly fashion after propping up the Insurance side of the Company. But it wasn’t...so we have something here called “contractual law” and the IRS being used by mob rule to punish a group of unpopular individuals.
If I have lost anyone here....let me be more specific. What are you “populists” going to do when this administration comes after you...after whipping up a fury with more propaganda?
You had better open your eyes to what is going on here. Geithner knew about those retention bonuses, so did this administration....now here is a bonus question. Who is busing those bozos to those AIG employees homes? Did anyone see the pictures of those fine upstanding citizens?
Get real here....GM and AIG should be in bankruptcy court...why aren’t they?
By the way.....there is another little forgotten problem...THE CONSTITUTION...we wrote up that little document after a hard fought revolution against a Country that practiced the same sort of tactics that our Congress pulled on these AIG employees. Remember the Boston Tea Party...that was a punishment tax targeting a select group of people as well.
I could go on...but, I think I have made my point.
What will be next? Health care industry? These mean-spirited HMO's, hospitals, employers, doctors, ... They don't let me deduct my expense for massage, sex change, ...
Oil and gas industry? They are gouging us while polluting the environment.
Talk radio? These people are full of hatred and want the messiah to fail. This is unacceptable for our "enlightened" society.
I forgot! Before health care industry, they probably will come for "big drugs" first. It's an easier target.
How about "big food," "big car" and big bad Walmart?
The last one is us, individual.