Showing posts with label Obama administration's various responses to AIG bonuses. Show all posts
Showing posts with label Obama administration's various responses to AIG bonuses. Show all posts

Wednesday, March 18, 2009

Adding my voice to the no-to-AIG chorus.

One can't help but wish that the ghost of Moe Howard, leader of The Three Stooges, would appear on Earth to administer a few slaps and head-bops to Christopher Dodd and Edward Liddy. And extra slaps to the too-cautious Tim Geithner and Larry Summers as well.

Don't forget to read Matt Taibbi's long-but-explanatory article about the current financial mess--and AIG's key role in it--in the current issue of ROLLING STONE (the one with GOSSIP GIRLS Blake Lively and Leighton Meester on the cover).

Taibbi still has his Achilles heel of disdain for blue-collar America (sort of like Gene Kelly playing H.L. Mencken railing about "all-American idiots" in the 1960 film of INHERIT THE WIND), stereotyping over-their-head-in-mortgages-they-can't-pay-back homeowners as meth-addicted boobs.

Look past Taibbi's occasional spasms of condescension and you'll find a chilling tale of how Wall Street gambles with your money--and has no intention of changing its ways or giving up its opulence. And our current administration doesn't want to get too tough with the high-living titans and their destructive incompetence (and to be fair, a McCain administration likely wouldn't be any better)--because they "know things" about their complex money-castles-in-the-air that "ordinary" people don't.