We are big fat suckers. The insurance giant, AIG, has received over $170 billion dollars in bailout money. Why? Because they are too big to fail, and if AIG did fail, it would be catastrophic for the world economy....or at least thats what some claim would happen.
But giving AIG $170 billion does not necessarily make us suckers. What makes us suckers is AIG is giving their executives over $150 million dollars in bonuses....and not just any executives....no....AIG is giving the very people in charge of the unit that got the company in trouble with risky high stakes gambling, the lion share of the bonues! SUCKER!!!!!
It's time we nationalize these companies we're bailing out....take them over...fire the people that got the company in trouble...reorganize them, break them up in to several smaller companies, and sell them off.
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