Throw the rascals out

But this first decade of the new millennium has proved that the best and the brightest can be breathtakingly stupid, whatever their supposed area of expertise. March 23/09 Owen Gray I read a variety of blogs and newspapers around the world and have bookmarked a couple I go back to on a regular basis. Owen [...]

Let me amend that last figure

So… the figure I quoted on the AIG bonuses was a wee bit off. It was revealed today the figure is about $55 million more than previously reported. Looks like they paid out $218 million in bonuses. The execs at AIG are looking more and more like a bunch of drunken frat boys on spring [...]

It just doesn’t stop, does it

The economic bail out seems to have had NO effect on some of the architects of the current fiscal disaster. AIG was bailed out last week. Guess what they did days after the bailout? Went on a huge retreat complete with lavish rooms, lots of spending. Financial Products Manager Joseph Cassano, who was one of [...]