Whom Should We Be Angry At?
Baron Bodissey at at Gates of Vienna has an unconventional interpretation of the manufactured outrage over AIG-exec bonuses. Leave aside that, cosmically speaking, this is a matter of no consequence, the state of the financial system, how it got this way, and what we should do about it being the questions a legislative assembly worthy of our respect would be spending the most time on.
The Baron's point is that the AIG executives more than earned those bonuses, because they were able to bring in over $173 billion in revenue to the firm. How? Why by shaking the Washington money tree, of course.
To paraphrase the great sage Obi-Wan Kenobi, who's more foolish? The fool who stole the money, or the fool who gladly gave it to him?
The Baron's point is that the AIG executives more than earned those bonuses, because they were able to bring in over $173 billion in revenue to the firm. How? Why by shaking the Washington money tree, of course.
To paraphrase the great sage Obi-Wan Kenobi, who's more foolish? The fool who stole the money, or the fool who gladly gave it to him?
Labels: Financial Crash
posted by Evan at 11:40 AM
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