Crooks and Thieves – All of Them

Today, President Barack Obama vowed to try to stop AIG from paying out hundreds of millions of dollars in bonuses to the very same executives that caused AIG’s problems.

Tonight there’s a new report from Reuters that shows that “Citigroup Inc awarded Chief Executive Vikram Pandit $10.82 million of compensation in 2008, a year when the government propped up the bank with $45 billion of capital.”

They are crooks and thieves… All of them. I’m mad as hell over all of this and everyone else should be too, but I got to say, Chuck Grassley’s an ass for making a statement like this on air.

President Obama had damn well better find a way to reign in these crooks and thieves on Wall Street before it’s too late. I think NY Attorney General Andrew Cuomo has the right idea.

As far as I am concerned AIG should be shut down. Done. Finished. Finito. And let that be a lesson, as they say, to any other corporate ho’s on Wall Street who play bonus games with taxpayer’s money.

UPDATE: Via Steve Clemons at The Washington Note:

AIG and Goldman both lied about their positions last September. And Hank Paulson and other major financial elites involved in the AIG bailout new it also.

That is the story we should be following — but few are paying attention.

Bookmark and Share

Bookmark the permalink.

3 Responses to Crooks and Thieves – All of Them

  1. SBO says:

    Senator Grassley expressed the exact same sentiment that Rep Barney Frank did about AIG. It’s nice that both parties can express outrage, and can pontificate and bluster. Think anything will come of it, or will it just be more populist, political banter?

    It seems the Democrats and Republicans share a moment of bi-partisanship for once. Maybe it isn’t the time to name-call. Your comment about Sen Grassley didn’t add anything to your blog. Is it really the time to be partisan for the sake of being partisan?

    Over the next 6-9 months, the American people are going to have to hold their nose while they take their medicine. We are all in the same boat, and we will all suffer together. This will be one helluva hangover…

  2. SBO

    Thee was nothing partisan about what I said about Sen. Grassley. I did not associate which party he belongs to with the sentiment – if I did that would have been partisan. Furthermore, I would have said the same thing if any other member of Congress suggested that exec’s at AIG should kill themselves. That was the part of Grassley’s statement that offended me, FYI.

  3. flicka47 says:

    The AIG bonuses are nothing but a red herring (they are something like 1/10 of 1%.of the $$ AIG has. Quit with the envy already.
    The thing to worry about is the amount of money that AIG sent to foreign banks, Question should be why the money went overseas?