You load sixteen tons
and what do you get?
Another day older
and deeper in debt..
http://www.youtube.com/watch?v=boXa8c6OuRQ
a little credit where credit (for this “crisis) is due, so we don’t lose perspective (3 part video, beginning with Bear-Stearns final days)
http://www.youtube.com/watch?v=xUKSU1qahgE
meanwhile people on this site hurl invectives at some AIG executive in a che t-shirt who was brought in to clean up the mess...focus, people! don’t waste time on such diversions
>Treating all of A.I.G. like Public Enemy No. 1 is a pretty dumb way for a majority shareholder to act when he hopes to sell the company for top dollar.
Very true. The government’s actions here make NO sense... unless it’s just stirring up public dissent.
Thanks for posting. My attitude towards the Times being what it is, I would never have seen this very trenchant analysis of what’s wrong with the lynch mob attitude towards AIG.
This after how many front pages bashing AIG?? Even the Bankrupt Times can spot the hypocrisy in this.
Pray for America
Yup, dead on. The trouble is that it didn’t occur to these a-holes back in 2006 that the government majority had just been handed over to 100% incompetent, reckless, corrupt demagogues. They’re a little late to the party. Screw ‘em.
this AIG faux outrage is the new crystal nicht (sp?)
think about it folks, we have the new scapegoats to blame.
The next step is some disaster attack on the USA which can be blamed on conservatives or americans themselves.
(remember all those leftists who said the usa had it comming? if gore was in charge the phantom domestic militias would have been blamed and osama bin ladden would never have been mentioned)
The New York Times knows that if the Obama Administration is allowed to destroy the financial sector, NY is going to suffer bigtime.
The beating is not indiscriminate since it is known that the bonuses is being awarded to the FAILING division of AIG and as taxpayers we are the owners of AIG. Hence it is imperative to express dissatisfaction at such incompetent management.
To be silent on the matter would simply condone and propagate such incompetence. The notion that we should be silent or forgiving is foolish.
What is not said and I believe is that AIG had it in it’s mind to screw the tax payer, pay off it’s debt to foreign countries, come back for more money and do business as usual.
The Constitution of the United States, Article I, Section 9, paragraph 3 provides that: “No Bill of Attainder or ex post facto Law will be passed.”
“The Bill of Attainder Clause was intended not as a narrow, technical (and therefore soon to be outmoded) prohibition, but rather as an implementation of the separation of powers, a general safeguard against legislative exercise of the judicial function or more simply - trial by legislature.” U.S. v. Brown, 381 U.S. 437, 440 (1965).
“These clauses of the Constitution are not of the broad, general nature of the Due Process Clause, but refer to rather precise legal terms which had a meaning under English law at the time the Constitution was adopted. A bill of attainder was a legislative act that singled out one or more persons and imposed punishment on them, without benefit of trial. Such actions were regarded as odious by the framers of the Constitution because it was the traditional role of a court, judging an individual case, to impose punishment.” William H. Rehnquist, The Supreme Court, page 166.