The lack of accountability in the AIG fiasco is stunning.
Imagine giving out billions in tax dollars and not having any strings attached?
Imagine giving bonuses to people who crashed the system in the first place?
Thats rewarding failure.
Ordinary workers such as autoworkers are required to open their contracts and make concessions for the failure of their corporate masters, yes, yes........the very ones who arrived at the halls of Congress in private jets to beg for a handout, but no-one asks those very same masters to take cuts in pay much less to give up their bonuses.
For autoworkers its quite acceptable to abrogate their contracts, but its absolutely not acceptable to cancel the contracts of people who made disastrous decisions that led to a disastrous loss of market share.
Its absolutely unacceptable to even consider cancelling the contracts of people who made decisions that led to a disastrous global economic meltdown.
There is something very wrong with this set of values if one can call it values.
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