Thursday, March 26, 2009

Zeal for battle over bonuses waning in Washington

This story posted on AOL just about an hour ago.

As it happens, after all the moaning, groaning, whining and grandstanding of recent weeks, the powers that be (Congress) have now decided that we need those at the helms of large financial entities on our side, in order to release funds to Joe citizen to get the economy moving again. It is truly a matter of which came first - the chicken or the egg, or we all need each other to get along - take your pick.

I would have liked to see some appropriate penalties levied against AIG staffers for their grossly inflated and inappropriately timed bonuses, but apparently I am not going to see that in my lifetime. What we have all learned is a great deal - we are surely more aware of golden parachutes, stock options, corporate jets and most of all - bailout monies, who gets them and what is done with them.

In a recent conversation with an employee at UBS, he shared that he too had received a bonus that he did not want to see taxed - granted, his monies came from Switzerland, but I can't imagine that country has money to throw away any more than ours does at this time - speaking for taxpayers. It has become a debacle, a boondoggle, a tar baby that no-one knows quite how to handle - almost like the out-of-control preschooler having a tantrum in the grocery store - the parents are afraid to say anything for fear of sounding harsh - onlookers fear the wrath of the parents, and so, nothing is said at all.

Here is the link to the story if you can stomach it - I suppose it makes sense in the end, but it is a disappointing ending - I had surely hoped for a much different outcome.


Wallee said...

amen give us the money

Annette James Daley said...

Thanks for the comment, Wallee - keep on reading and I will keep on blogging. Annette