So what about the bonues??

What do people *think* “the rich” do with their money anyway?
Answer: The spend it!!

Aren’t we supposed to be stimulating the economy?!

Maybe “the rich” wouldn’t spend it on the things you want them to spend it on – Merlot instead of McDonalds, Porche instead of public trains, custom suits instead of JC Penny’s – but so what?! Aren’t these business, the ones that service “the rich”, just as real as any other? Aren’t they part of the economy too? Pay taxes? Create jobs??

But if we really want to be fair, shouldn’t we also take some salaries back from the former SEC chairman and his esteemed colleagues? Their contribution to this crisis is higher than that of AIG execs. What about credit rating agencies? What about bailed out home owners? I heard a suggestion on CNBC today that if at some point in future they sell their homes with gains, they should pay back the money to both the government and the banks. I think it makes a lot of sense. A whole lot more sense, in fact, then taking back bonuses. There is also a lot more money involved than what AIG employees get. What about congress and their salaries? Do they really deserve it giving the “great” job they do? Why be so selective?

At any rate, why shall the government try to actually help the economy when they can provide endless entertainment investigating some people who got bonuses? Maybe this is the idea? After all, nothing beats good entertainment during bad recessions.

The sheer waste and fraud I saw was INCREDIBLE!!!

NOTHING like that would be allowed for a micro-second in a private company!!

Complain all you want about AIG, it’s a drop in the perverbial bucket compared to what goes on in the gov!!

If you think these people haven’t done a good job then the gov should just fire them the same way the gov fired the CEO and installed their own.

No one is going to do the job of a senior manager or executive for just $50,000 and a 3% 401k match. You won’t get anyone of quality.

Even middle managers – project managers, regional managers, sales directors etc. – still count on bonuses and contracts to find and keep good people.

In the quality assurance world, we have a system known as “corrective action, preventative action”. Which means you correct the problem, and setup a plan to prevent such actions from occurring ever again.