Saturday, March 21, 2009
AIG
Don't you love business? I usually glance at the business section of the papers. Most of the time the stories are not that exciting or interesting. Please do not misunderstand, I own and trade stocks and understand that we need to manufacture goods, buy and sell. The banking institution that I deal with knows me well. The economy can not run on the arts which I think are part of what makes life enjoyable. Without music, art, culture where are we? While all that is said, I love AIG, the arrogance of a group that gave bonuses to people who helped drive the company to the brink of destruction. Apparently, these same people are the geniuses who will help rescue the company. Please help me understand this. They put the company into the position it is now in and will in the future with the added incentive of wonderful bonuses help rescue AIG. Why do I not understand this logic?
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