The Mudcat Café TM
Thread #119402   Message #2592738
Posted By: Don Firth
19-Mar-09 - 02:00 PM
Thread Name: BS: $100 million bonuses to AIG execs
Subject: RE: BS: $100 million bonuses to AIG execs
Maybe I'm a little harsh here, but it strikes me that the idea that a company is "too big to be allowed to fail" merely encourages the executives of that company to go right ahead be idiots. If they were on their own, and as a result of their stupid decisions, they suddenly found themselves standing out in an open field in nothing but their jockey shorts, it might encourage other company executives to try to get their act together.

Don't give the "bailouts" to the companies, give them to the people left unemployed or otherwise left holding the bag when the company goes belly-up from crookery and bad management.

. . . simplistic, I know, but. . . .

Don Firth