The New York Federal Reserve Bank found out about the bonuses that would be paid to AIG execs back in September of last year. And who was the head of the NY Fed at the time…why, Timothy Geithner of course. So why did the poo only hit the fan months later? Well, I would imagine because the govt wanted to cover all that up. Why else would they have hired PR firms?
Can you believe it? The govt actually hired PR firms to try to figure out how to tell us what was happening in our own country. You know its bad when the masters of spin (“That depends on what your definition of “is” is”) have to get outside help on how to spin something. How about this:
“Uh, we are going to give billions of dollars to AIG. They have already agreed to pay $160 million in bonuses and we cannot legally block that, so the bonuses will be paid. We expect this to happen sometime early next year.”
Gee, was that so hard? You know people are going to be pissed, so you might as well tell them up front so that later on, we won’t ALSO be pissed at you for trying to cover it up. You f-ing dolt!
And on top of all the smoke and mirrors that came after the fact, Congress actually tried to pass legislation to tax the bonuses at 90%. Since when can the govt tax specific people for no reason? Oh wait, there was a reason…to save face! So our own govt was going to tax a select few of its citizens, and deprive them of legal compensation, just to appease the voting masses and make it look like they had done something about it.
Hmmm…sounds like a good reason for a tea party, don’t you think?
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