Why has it taken so long?
Sunday, 22. March 2009, 03:25:48
Why is the current fury about the A.I.G. bonuses only happening now?
Not two years ago when the whole collapse began, or even four years ago when the biggest profits, largest fortunes and riskiest behavior were the rule.
Ironically, many of the people who made the worst decisions and set up the system for its current fall got out a while ago, bonuses and fortunes intact. Yet, despite the clearly obscene level of salaries these folks were making for simply shifting real - and imaginary money - around, very few people seemed concerned at all.
It upset me alright. Nice to see the rest of America catching up.
Better late than never.
Not two years ago when the whole collapse began, or even four years ago when the biggest profits, largest fortunes and riskiest behavior were the rule.
Ironically, many of the people who made the worst decisions and set up the system for its current fall got out a while ago, bonuses and fortunes intact. Yet, despite the clearly obscene level of salaries these folks were making for simply shifting real - and imaginary money - around, very few people seemed concerned at all.
It upset me alright. Nice to see the rest of America catching up.
Better late than never.
WIDGETIZE