Post
So, the first thing I hear about this morning is a plan to provide additional billions to AIG's $85 billion bailout, after I read a story on ABCNews that shared the following:
"Less than a week after the federal government
committed $85 billion to bail out AIG, executives of the giant AIG
insurance company headed for a week-long retreat at a luxury resort
and spa, the St. Regis Resort in Monarch Beach, California,
Congressional investigators revealed today.
"Rooms at this resort can cost over $1,000 a night," Congressman Henry
Waxman (D-CA) said this morning as his committee continued its
investigation of Wall Street and its CEOs.
AIG documents obtained by Waxman's investigators show the company paid
more than $440,000 for the retreat, including nearly $200,000 for
rooms, $150,000 for meals and $23,000 in spa charges."
Wow. Are you kidding me? The country GLOBE is on the verge of a financial meltdown and one of the biggest culprits are soaking up the sun and getting manicures and pedicures? Ok, so maybe they planned a retreat to hold meetings to create a plan to save their faltering company, but was it really necessary to stay in a $1,000 a night resort? Perhaps they would have benefitted from a stay at a Holiday Inn Express, it's much cheaper, and it supposedly makes you smarter. Did they need $23,000 worth of spa treatments? Well maybe their poor decision making was because they were too tense, and their fingernails were dirty...or maybe their finger nails were dirty from counting all of their filthy money....maybe their back was sore from screwing our economy, who knows?
What I do know is that it is absolutely preposterous that the Fed has been allowed to dump money (Does anyone else feel like their paying out in Monopoly money by now?) on these irresponsible fools. What I do know is that they spent more money on their retreat vacation than my entire apartment complex makes annually, combined. What I imagine to be true is that there are plenty of meeting rooms on and around the Wall Street area. So SOMEONE PLEASE explain to me how, this can be addressed so lackadaisically by the government, and furthermore, how they can justify dumping another $38 billion precious USDs on them without AT LEAST terminating the self-centered pricks who put this thing together?
The proposed increase by the Fed will bring the loan amount to approximately $123 billion. My question is...can a brotha get a lowly mill? How about half of one? My corns are flaring up, and I bite my nails. In all seriousness though, why is it necessary to give ONE COMPANY an amount that equals nearly 20% of the amount allocated to save an entire country's economy? Maybe this is not really happening...maybe this is a long drawn out joke that will end April 1, 2009. Maybe Hilary Clinton will pop up on CNN and say 'April Fools, I'm the real President, and we're RICH!' Or...maybe we just ought to speak out, educate ourselves, and not allow the government to talk out the sides of their mouths anymore...maybe it's time to challenge this debauchery they call our government and call for the restoration of the Democracy that it is supposed to be. The blatant corruption is sickening, am I alone on this?
- The problem originates with those who spent more than they could afford. You can't blame Wall Street, they're just trying to make money. The people who were greedy are the ones who bought homes they now can't pay for, if they could pay for them we wouldn't be in this mess. True, banks made it easier for people to borrow and that's part of the problem too. But ulitmately, the blame is on those who spent more than they could afford.
We have to bail out Wall Street. The amount of money we're paying to bail them out small compared to the trillions that have already been wiped out. - This whole "bailout" is total bullshit. What ever happened to personal accountability?...or in this case, company accountability? Pete, if you've never seen it, there's a movie called Maxed Out...it's about the credit industry. It was made in like 2005 and forewarned of all that we see happening right now.
And if you want the REAL dope....see if you can find a book called The Creature From Jeckyll Island...HOLY SHIT!...you'll never see things the same again.
-P&G
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Comments: 25
Got alot on my mind, mostly sports, but expect more. My goal is never to alienate, opposing views to mine are welcome. I will rant and rave about anything from the latest great movie, to the latest retarded rap song, to the latest headline in sports.
