Dear AIG,
Comments:
- definition:
Corporate Retention Payment --
A bribe paid to those who know where the 'bodies are buried' to incent them to get their heads down, mouths closed and tread water in deep do-do while smiling.
Capitalism's version of the moral stand taken by the officers and senior crew of the Titanic but survivorship between crew and passengers is effectively reversed.
Post a Comment- Not likely to change soon. Obama says that this is not the time to worry about balancing the budget, and that deficit spending is the way out of our mess. Let me get this straight. People are given credit cards by banks so they can spend beyond their means to insure economic health to show the banks that they deserve loans for more than their houses are worth to foment more economic health so the banks have huge interest income so the government can give them huger amounts of money when their debtors default to jump start more economic health so they can pay their people more than they are worth to make the banks look good for potential buyers who are operating on lines of credit from the banks who won't loan money for cars or houses any more so that the auto companies get cash from the government who says "don't worry about the deficit, we'll print more" so that the home-defaulting, credit-card-living, SUV-and-pickup-truck guzzling, job-losing masses' grandchildren can live thirteen to a room in tenements to pay it all back.
'Twas the night before bankrupt and all through the house, rent-a-center reclaimed the TVs and the couch.