Wednesday, March 25, 2009

The AIG Bail Out-Bonus Blues

The AIG bonuses after bail out scandal. How could it have happened? How could AIG have the audacity to grant employee bonuses after accepting billions of taxpayer dollars in bail out money? My first thought is, since AIG is a major factor in the bank-housing market collapse, they must have a very low criteria for granting bonuses. Something like if you show up for work fully clothed enough times, you too can collect a bonus.
My second thought is how could they not know there would be a huge backlash if news about the bonuses got out? Are they existing in some type of alternative world? Then it dawned on me. Yes. They are existing in an alternative world. And I know what it is. The world of day time soap operas.
If you’ve ever watched a day time soap you know wealthy business people act with near impunity. They also spend little time working and managing their successful businesses. They usually hang out in their luxurious homes dressed in expensive suits and designer outfits while they spend most of their time meddling in the lives of their spouses, children, and friends. These people of privilege routinely act on the fringes of what’s legal and moral. And if by chance they’re convicted of a major felony, sometimes even murder, they spend a couple months in jail before returning to their lives of constant manipulating and scheming.
Throw in the fact that TV soap operas exist on an accelerated time frame, the couple of months since the government bail out must have seemed like at least a year to the AIG executives, since it usually takes about ten years for a soap opera child to go from an infant to a college student.
So don’t be so mad at AIG. It’s not their fault. They’re just living in a day time soap world. Enough said.

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