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“It’s like, OK, you got to help me screw you. And by the way I’m going to take your money and I’m going to slap you with it.”
An incensed Congressman Elijah Cummings (D-MD) March 17, after bailed-out insurer AIG announced plans for those executive bonuses totaling $165 million.
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*titters quietly behind handkerchief*
I certainly understand the reaction. Another blogger I read believes there’s a double standard in the bailouts, because in the auto industry, CEOs who worked their way up are asked to resign, but the banks and ins. co.s—nada.
I don’t know which is right, but we do live in weird times.
MusEditions’s last blog post..More on Being
Hi, Muse! Oh, yes, there’s a double standard and I’ll go farther than that and say what I’ve been saying IRL for months: there’s a class-based double standard of their respective workforces. White collar workers = bailout. Blue collar workers = screwed.
It disgusts me.