Econo-Girl: AIG Bonuses and Raw Class Warfare

The economic collapse was not a surprise to everyone. The Economist magazine was predicting a major credit crisis for years. The Obama Administration is not acting according to the principles it speaks about. It was someone in the Treasury Department who authorized the AIG bonuses.

Everybody was hoping that they would be the ones bailed out. The homeowners were banking that the government would not let everyone be thrown out of their homes. The bankers thought they were too important to be allowed to fail.

Today, to Congressman Barney Frank (D-MA), some whining CEO complained about death threats. Really? And what were you expecting? That people would allow themselves to be treated so badly without striking back? The only way to prevent CEO lynchings is their public humiliation and pauperism.

No comments: