The march of the pigs

The pigs march on. (See my entry for Jan. 31) And any reader of this blog surely knows that the primary pigsty right now is called AIG.

Remember what Rep. Barney Frank said to the CEOs who claim they need bonuses to do their job? "Why do you need to be bribed to have your interests aligned with the company?" The response amounts to unmitigated gall: they say that they are the only ones who can handle the job. Astounding. The honchos actually responsible for all the unimaginable havoc, loss and destruction are telling the country that they are needed? It's beyond astounding.

The AIG rip-off has enraged the whole nation. Their executives have reached into the corporate cookie jar that has been filled with taxpayers' bailout money and they have run off with bonuses worth $165 million. The top porker got $6.4 million. 73 lesser porkers got over $1 million each. (And 11 of them don't even work at AIG any more.)

80% of AIG now belongs to the people of this country. The clamor grows each hour: There has to be a way to get this money back.

For sure there is a way to turn the tide. It's called genuine regulation.