AIG Rage
The Washington Post is reporting that AIG rage has officially arrived in suburban Connecticut where AIG Financial Products Division has offices. Here’s the story:Rage at AIG Swells As Bonuses Go Out
I have no concern whatever for these ‘poor’ folks who are now receiving threatening e-mails and so on. Their behavior was sociopathic. They held the public in extreme contempt and were only concerned with a self-centered race for greed. Not only that, but they became a cancer on the company they worked for and grew so fast and malignant that eventually they destroyed it.
So while I deplore populist rage spilling over into actual physical action I cannot summon any sympathy for the traders etc at AIG. They deserve to be humiliated so that their arrogance can be exposed, and their so-called skills revealed as an illusion.
Meanwhile …
It is looking more and more likely that the government will have to cave in on those bonuses. It is sickening to learn that we have been scammed by these morons to this degree, but we seem to have no choice. Once the administration backed away from a court fight, which they appear to have done last night, there was no choice but to cave.
So we now are in a world where a rogue and demented group of sociopaths can hold the entire country to ransom for pay. They can earn a fantastic salary for ruining not just a once proud company, but an entire financial system. Apparently their manifest incompetence and earth shattering failure is of no concern to them. And, equally, we all have to suck it up and support their overly lavish lifestyles and their enormous egos for one more year.
Why?
Because they might throw a hissy fit and walk off, leaving us with the pile of muck they created.
Kindergarden children have a better sense of social comportment than these nasty people.
Still let’s look on the bright side: these pay outs are the last. We will be done with them soon. Their only job currently is to dismantle the play house they erected for themselves.
Or at least I hope so.
AIG has become a monumental stain in the history books. A rotten company. Rotten management. And a particularly virulent form of hubris.
How can you not be mad at these people?
