Sunday, March 15, 2009

In the Name of God, Go.

CNN informs us this morning that AIG-you know, the "insurance" company that did such a good job with credit default swaps that they had to run whining and sniveling to the taxpayers for relief from the consequences of their greed and stupidity to the tune of $170 billion because they were "too big to fail"-where was I?

Oh, I remember. AIG, which managed to lose another $62 billion in the fourth quarter of 2008, is now prepared to hand out $165 million in bonuses to their employees.

Barney Frank thinks we can't violate legal obligations to pay. What in the hell is the US Attorney's office doing? Tell the bastards to sue if they want their bonuses.

Wait a minute. In my world, you get a bonus if you exceed expectations and produce more than you're expected to.

Apparently, in AIGworld, you get rewarded for f**king up, and you get more the worse you f**k up.

Lose money? Get a check. Fail to perform? Get a check. Lose billions? Get a check.

This has simply got to stop.

You know what I think? Here's my recommendation.

Break that bastard up.

Take it over, sort out the business units, sell off the ones that make money, scrap the ones that do not, and get these shameless sons of bitches the hell out on the street where they belong.

I'm in mind of the words of Cromwell to the rump Parliament all those years ago: "In the name of God, go. You have sat here too long for the good you have done. Go, I say, and let us have done with you."


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