Tuesday, March 17, 2009

Honor from the Honorable Sen. Grassley

How crazy have things gotten in the US government with the financial crisis?
From the AP:

IOWA CITY, Iowa – Iowa Sen. Charles Grassley suggested that AIG executives should take a Japanese approach toward accepting responsibility for the collapse of the insurance giant by resigning or killing themselves.

The Republican lawmaker's harsh comments came during an interview with Cedar Rapids, Iowa, radio station WMT on Monday. They echo remarks he has made in the past about corporate executives and public apologies, but went further in suggesting suicide.

"I suggest, you know, obviously, maybe they ought to be removed," Grassley said. "But I would suggest the first thing that would make me feel a little bit better toward them if they'd follow the Japanese example and come before the American people and take that deep bow and say, I'm sorry, and then either do one of two things: resign or go commit suicide.

"And in the case of the Japanese, they usually commit suicide before they make any apology."

Grassley spokesman Casey Mills said the senator isn't calling for AIG executives to kill themselves, but said those who accept tax dollars and spend them on travel and bonuses do so irresponsibly.

"Senator Grassley has said for some time now that generally speaking, executives who make a mess of their companies should apologize, as Japanese executives do," Mills said. "He says the Japanese might even go so far as to commit suicide but he doesn't want U.S. executives to do that."

The senator's remarks added to a chorus of public outrage over the disclosure that AIG intends to pay its executives $165 million in bonuses after taking billions in federal bailout money. President Barack Obama lambasted the insurance giant for "recklessness and greed" on Monday and pledged to try to block payment of the bonuses.


-Personally, I think that resigning is enough, in case we want to prosecute someone down the road. Not since Oliver Cromwell has someone been dug up and executed. Plus, I don't think these guys are suicide types. Just look at Bernie Madoff. He was the cause of suicides, sure, but killing himself? No, he'll cling to whatever life he's got left to the bitter end. We live in a time of shameless greed wed to a lack of accountability.

That's all folks!


2 comments:

drollgirl said...

i wish these fuckers WOULD off themselves. everything is all royally fucked up from these greedy motherfuckers.

sorry. i am on the rampage today. long story. but i am finding targets EVERYWHERE and this article struck a nerve!

jennifer from pittsburgh said...

Know which banks and financial institutions aren't in trouble? The small ones. They didn't throw money at an interest only rat hole.