Friday, October 2, 2009

From The "Just Unbelievable" Department:

Obama Administration Approves $10.5 Million Pay Package For AIG Chief - here's the link: What A Tragic Waste

Is Obama a Robin Hood in reverse?  A Robbing Hood, perhaps?  I guess you could call this Obama's "Trickle Up" Theory - socialism for the wealthy.

Let's think about this for a moment.  AIG should have been allowed collapse from the beginning.  But it is being used as a thinly veiled conduit to transfer billions from the the Taxpayer to the big Wall Street banks - first and foremost Goldman Sachs - in order to cover Wall Street's derivatives exposure to AIG.  And it owes the Government (i.e. the Taxpayer) $120 Billion that will NEVER be repaid: Link to AIG invoice

To me it's absolutely insulting to my intelligence that Obama and his gang keep this charade going, dressing up this corpse with a CEO, who is being paid millions in taxpayer dollars, and waving it around in front of us in an attempt to convey the illusion that AIG is alive.  Why not just bury AIG and give Obama's Wall Street supporters the same kind of guarantees that stand behind Fannie Mae and Freddie Mac, and soon the FDIC and the FHA?  At least we, the Taxpayers, would save the expense of operating AIG. 

When will this fraud and corruption end?
Will the wind ever remember
The names it has blown in the past
With its crutch, its old age, and its wisdom
It whispers, "No this will be the last"
And the wind cries Mary (James Marshall "Jimi" Hendrix)

No comments:

Post a Comment