Friday, March 5, 2010

Let Them Eat Rotten, Festering Cake That Is Actually Poop And Not Cake

AIG's Financial Division wizards, you know, the guys that lost a trillion bucks?  They're not happy with you, the taxpayer.  In fact, they basically want your world to collapse for daring to think bad thoughts about financial traders as a transcript of an AIG conference call reveals:
The employees said that the corporate leaders who had driven the firm into the ground were already gone from the company. Those who had remained behind to help clean up the mess and repay the taxpayer bailout were due their compensation, they told Pasciucco.

"You made a commitment to us, and we made a commitment to you. And for anybody to look beyond that, as the politics and the media are at the moment, is missing the point," said an employee. "You can't expect us to just roll over and ignore that commitment because there is a bunch of immoral bigots that intend us to do something different. It's not going to happen."

Another was even more irate, lashing out at the public for scapegoating AIG employees. "To be honest with you, I really hope it blows up. I think the U.S. taxpayer deserves to lose a trillion dollars over this thing for the way they have behaved."

And then he turned on politicians who had joined the anti-AIG posse. "They only care about the next election, just like we only care about the next bonus. Well, none of them cares about the country, none of us cares about the institution," he said, adding: "They really don't care, and I really don't care. And frankly, if a trillion dollars gets lost, fine."

The AIG retention bonuses have rankled many in the public because the company has received a federal rescue package of about $180 billion in loans, stock investments and other commitments from the Federal Reserve and the Treasury Department. Closing down AIG Financial Products' trading portfolio has been vital to stemming further losses and repaying the public money.

As the employees were confronting Pasciucco last spring, lawmakers in Washington were contemplating a 90 percent tax on the bonus payments. AIG's chief executive, Edward M. Liddy, had been berated on Capitol Hill. Employees had received anonymous threats, some violent. 
You stupid bastards.  We give you guys at AIG a trillion dollars -- oh and we're still paying you billions and billion each quarter to cover your continuing losses because you're not fixing the problem, you're just losing more money, mind you -- and you think we deserve to lose this money because we don't acknowledge your inherent superiority as financial traders?

If you're so smart, how come you assholes keep losing money?  

On the other hand, they were smart enough to buy our political system, so there's nothing we can do about it.  Maybe they do get the last laugh after all.  because let's face it, when they need another trillion, and they will, they will get it.

1 comment:

In Ur Blog Eatin Waffles (Accept no fail imitations) said...

This is why we shouldn't have helped these companies, if they would have done the right thing with the money we injected into them then maybe things wouldn't be as bad, but obviously they didn't care about the others that are affected or they wouldn't have let their companies get into such sorry shapes to begin with.

And as for "blah blah blah commitment to bonus money blah blah blah"

You wouldn't have a company to even be working for right now if it weren't for the tax payers propping your sorry asses up.

Related Posts with Thumbnails