you’ll laugh, you’ll cry, it’ll change your life

MISDIRECTION

Without knowing the details of AIGs liabilities and contracts I can’t really comment on whether AIG was incorrect in paying out “bonuses”. I do know that focusing on 165 million or so when there are billions being squandered is misdirection at best. Besides, if the Mouth really believes that stimulus spending is effective, then money going to people who are by nature investors (i.e. creditors) than this will overall be a benefit for the economy.

Note: I’m not saying the people at AIG aren’t bastards, just that without knowing the details you shouldn’t start casting aspersions.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s