Next up is some poor executive vice president of the AIG’s financial products unit, who is taking his ball and going home. Read it all, it really is a monument to self-righteous indignation. It was all someone else's fault at AIGFP, up by his bootstraps, sense of civic duty, American dream, he's just an honorable man, he's suffered too, blah blah blah, and his feelings are hurt because a certain section of the American populace (read: all of them) felt that paying bonuses to avowed pederasts on a 'per kid' basis was preferable to paying out bonuses to AIG. He was right about one thing: we haven't dumped enough shit on the exact people at AIGFP who caused this mess. But that message was so scattered around the self-pity, it's hard to feel that was an integral theme.
With all the self righteous martyrs in the financial industry these days I'm surprised he was able to find enough wood to build his own cross. It all boils down to him bitching that he's being made to feel like a piece of shit because people don't like the fact he got paid $700,000 in bonuses of government money to clean up his own company's mess. News flash, complaining about the fact that you don't get to clear a million because your company failed so hard it took the world with it does make you a piece of shit. CC'ing the Times to get yourself a little sympathy for your "hardship" compounds it. The world economy is failing and we're losing about 700,000 jobs a month, dumping trillions into your industry, and you're bitching about honor in contracts, trust, political outrage, and public outrage because you aren't being allowed to accept a $700,000 bonus with a clean conscience. Boo, and might I add hoo.
So you weren't personally responsible for crashing the company. Congrats. Put it on your resume. Enjoy the back slaps from the other executive VP's this letter bought you. You got your bonus but maybe it'll be taxed, maybe you'll give it to charity, maybe you'll just keep it. No one cares. No one feels sorry for you. No one will ever feel you were hard done by. There's a certain level of expectation among us that we do have to bail everyone out and prop everything up and keep it all from going Mad Max. But the two things we don't like to have to suffer through are people making obscene wads of cash off the bailout and millionaires whining about the fact that we're bailing them out grudgingly and don't really like their industry. Want to complain to your CEO and the Times? You don't like it? Get fucked and stop whining.
Wednesday, March 25, 2009
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