Today's headlines in the NY Times:
A.I.G. Paying $165 Million in Bonuses After Federal Bailout
I have not been able to go to my retirement account since last May and these jokers, on our money, are getting bonuses more than any amount I could have ever saved! I have been saving for 35 years and last years truly thought that I could retire very soon. I had put away a very good amount of money which could conceivably last me through whatever time I have left and leave my children an inheritance as well.
I have barely any of that well earned money left today. Retirement is not in my future. What inheritance? Am I angry - YES! At all of the corporate bailouts by the government. At all of the corporate mismanagement of these government, read taxpayers, funds. At the egregious greed and arrogance of all of these corporate so called managers.
Do I really believe that the $165 M in bonuses that AIG is paying out are critical to keeping skilled employees, aka, corporate honchos? Who are these people and what planet do they really live on? Talk about shock and awe! I am feeling it in a most painful manner. Where is the government here? And what happened to accountability?
I cannot remember a time since Vietnam when I have been so truly disappointed in our government. I understand the economics of the bailouts, but to keep on giving without any sanctions, requirements, oversight? Giving to people who have their private jets, million dollar parties, and absolutely no concept of what life is like for most people in this country?
Life was good but today it leaves a bitter taste in my mouth.
