“We have the ability. I know that I am telling people we are allowed to,” he said. “What I don’t know is if people (employees) are willing to. A lot of them feel hurt, embarrassed, a lot of people have lived in fear because of what I call lynch mobs with pitchforks.”
Benmosche was referring to severe criticism of the bonuses paid to some AIG staff at the financial products unit at the center of its meltdown. The verbal assaults by politicians and in the media led to several demonstrations, including a bus tour of employee homes near the unit’s Wilton, Connecticut headquarters, and threats to others.
“People think it is funny but it is not when it is your children,” he continued, his voice rising in anger. “It is not when you come home and you find people in front of your home and you had to sneak your children out in the middle of the night so that they are not attacked in a country called America.”
“It was wrong. I think that when you do that, when you incite that kind of feeling in people, it makes it difficult to come to work the next day and say ‘I’m going to work hard.'”
*sniff*
To arms, citizens,
Form your battalions,
Walk, walk!
Impure blood
Water our furrows!
# 28 Mr. Fusion,
I fully agree with what you typed.
My point when I wrote “they caused this”, is that they caused their own pain.
Yes, they did not issue the loans. However, the “regular joe” is consistently told they have to bear the burden of their and their companies bad financial decisions.
And, the “regular joe” does bear these burdens from bad financial decisions, their own and their companies.
Now that the global economy has tanked because of Wall Street Greed, the “regular joe” now has to bear the burden for, their own and their companies and Wall Streets bad bad financial decisions.
At what point does the “regular joe” just go under. And when the “regular joe” does go under, what will that do to the Global economy?
The two different political approaches have been::
Republican’s want to blame the “regular joe” for causing this. They say, he should have never taken the loans regardless of how much cajoling, reassuring and lying CountryWide and other did.
Democrats want to fix the mess Republican’s caused, better regulate Wall Street, reform bankruptcy laws and bring jobs back so the “regular joe” can fix this through democratic action.
Do I believe that the Democrats will fix the laws to fix our economy in fairness and the best way possible, NO.
However, I feel the Democrats are better positioned to do more good then the Republican are.
We gave the Republicans more then 8 years; Reagan (8), BushI(4), Clinton (8), BushII(8). The economy during all that time soared under Clinton.
The seeds for this countries economic destruction began with repeal of
Repeal of usury laws::
In 1978, the Supreme Court changed everything. In Marquette National Bank v. First of Omaha Corp., it ruled that a national bank can charge its customers, no matter where they are located, interest at the rate allowed by the state in which it is located.
Electing Ronald Reagan, hero of US conservatism::
‘I’m from the government and I’m here to help.’” Thus quipped Ronald Reagan.
Alan Greenspan’s understanding of::
“Governments bad; deregulated markets good”: who later described himself, in congressional testimony, as being “in a state of shocked disbelief” over the failure of the “self-interest of lending institutions to protect shareholders’ equity”?
……..
#35, noname,
Yup. Well put.
Want business reform??
FIX THE LLC license, which was ONLY for small startups, NOT CORPS.
LLC= limited liability Corporation. sO YOU CANT sue THE PERSONS, only the corp.
@Carcarius said,
“The CEO can go ‘F’ himself. Pardon my French”
Umm, that’s British (19th century legal anagram), M’lord.
As for most of the rest of you, he was asking that the normal worker and their children be left alone.
Or is it the position of the average USA citizen that the children take on the fault of their fathers?