Words of Advice:

"Never Feel Sorry For Anyone Who Owns an Airplane."-- Tina Marie

"
If Something Seems To Be Too Good To Be True, It's Best To Shoot It, Just In Case." -- Fiona Glenanne

"
Flying the Airplane is More Important than Radioing Your Plight to a Person on the Ground
Who is Incapable of Understanding or Doing Anything About It.
" -- Unknown

"There seems to be almost no problem that Congress cannot,
by diligent efforts and careful legislative drafting, make ten times worse.
" -- Me

"Eck!" -- George the Cat

Wednesday, January 9, 2013

The Difference Between a Lion and a Bankster

If you rescue a lion, he will be eternally grateful. If you save a bankster, he will only stab you in the back.
American International Group Inc. (AIG) said it has a duty to weigh joining a suit by former Chief Executive Officer Maurice “Hank” Greenberg that claims the insurer’s 2008 U.S. bailout was unconstitutional.
Let's recap, shall we? AIG was going under in 2008 because those greedy morons had underwritten the junk "collateralized debt obligations" that were based on subprime mortgages. We, the American taxpayers, through our government*, coughed up close to $200 billion to bail those fuckers out.

Sure, a lot of that has been repaid or recovered by the Government selling the stock it took from AIG. But that was by no means a sure thing over four years ago, when we rescued those thieves from their own folly.

And now, AIG is going to complain that saving their dead asses was unconstitutional? That'd be like a drowning man suing thelifeguards because he didn't appreciate the way that they saved his ass.

The next time the banksters need a rescue (and mark my words, there will be a "next time"), we would do well to apply other methods:


Update: After much public outrage and mockery, AIG decided not to get involved with the lawsuit. Probably means that the guy involved will sue them, too. Screw him.

Update II: As suggested in the comments, read Matt Taibbi's take on this story. I have one quibble, though: The headline used for Taibbi's piece should have deleted the sixth and seventh words.
___________________________________
* The Bush Administration.

7 comments:

Old NFO said...

Let em fail... period...

w3ski said...

This is 'great', the biggest group of US Criminals since the Mob of the roaring 20's and they want to sue the US Government because they feel cheated after being saved from going out of business.
Why don't we treat them like Dillinger and Capone from now on?
w3ski

montag said...

You should read Matt Taibbi's blog on Hank Greenberg, the unindicted ex-AIG CEO who is pushing this suit.

Comrade Misfit said...

It is a good post and I've linked to it. Thanks!

Alan Simpson said...

"And now, AIG is going to complain that saving their dead asses was unconstitutional? That'd be like a drowning man suing thelifeguards because he didn't appreciate the way that they saved his ass." Like this hasn't already happened.

herlanderwalking said...

Admittedly, I am under stress that should render me brain dead; so consider this comment in that light! But hey, if they sue and IF they WIN, does that mean the US government NEVER has to bail out a bunch of crooked legalized loan sharks again?

Comrade Misfit said...

Jon Stewart was good about these bastards.