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Mar 18

Che Chairs Douchebag Benefit, Won’t Give Back Bonus (UPDATED)

Posted on Wednesday, March 18, 2009 in finance

If good looks was a minute/ You know that you could've been an hour- Smokey Robinson, 'The Way You Do The Things You Do'

Che shirt and Western suit coat? You, my friend, have the fashion sense of a troll.

Che shirt and Western suit coat? You, my friend, have the fashion sense of a troll.

The man at the right in this photo is Gary Pasciucco,  a former vice chairman of Morgan Stanley who now runs AIG Financial Products. That division is the prodigal arm of the insurer which guaranteed the credits swap that unraveled the global economy. Gary and his cronies will now receive millions in bonuses, even though you and I now own AIG. Yes, the politicians should be outraged. Yes, these corporate douchebags should feel such shame that thoughts of suicide are not foreign. But, America, this is a smokescreen! The bonuses are just a small slice of the hundreds of billions of wasted dollars you, me, everybody spent in the mad dash to prop up Wall Street greedheads.

Don’t let the witch hunt to catch these bonus boneheads and Bernie Madoff distract you from the real scandal. The people who got us into this mess are running the show! Timothy Geithner ran the New York branch of the Federal Reserve which signed off on these poisonous assets!

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