It is no fun when it is real. I remember the civil rights riots and those after the death of Martin Luther King. The last thing President Obama wants right now is to have to bring home the National Guard from Iraq early to quell riots in the streets. Fortunately he read the handwriting on the wall.
Obama Tells Geithner to Block A.I.G. Bonuses
President Obama has instructed the Treasury secretary to try to stop the faltering insurance giant American International Group from paying out hundreds of millions of dollars in bonuses to executives, as the administration scrambled to
avert a populist backlash against banks and Wall Street that could complicate Mr. Obama's economic recovery agenda.
Complicate at the very least. If I was not angry enough at the bonuses the list of banks AIG gave bailout money to - mostly foreign banks - really got my dander up. And then Cheney has the gull to go on air and say the financial crisis was not caused by GW and his administration. Give me a break. They had it last. It was under their watch. They took off all the regulations and let the CEO's run rampant. And then they doled out our money in TARP funds with absolutely no strings attached.
Off with their heads!
You know what really sucks? The folks getting the bonuses are in the AIG division that caused them to nearly melt down in the first place, and now they want to reward that with fat bonuses?
ReplyDeleteUm, so where's MY bailout money for slaving in a library for mere pennies serving underserved populations in our outreach department? Oh, I forgot, I didn't lose anyone's money......