CORPORATE BAIL OUT VS BAIL BOND FOR CORPORATE CRIMINALS?
“Whenever I hear the words “we need a government bail out” from America’s Corporate CEOs, I immediately think that what they should really be asking is, how much will it cost to post their bail bond.” –Sam Cruickshank, Horiwood.com
A commentary on Corporate CEOs extraction at criminal levels, from the US tax payer. Example – AIG’s CEOs $170 million payout in the middle of a global economic crises.
It ‘s been a strange week. First we saw Bernie Madoff, a man with a personal fortune of US$823 million, who still wasn’t happy and his wanna-be-a-billionaire complex, led him to defraud $US64.4 billion from investors. This earned Madoff a 150 year prison sentence. Comedian Jon Stuart, described the duration of Madoff’s sentence as a “tortoise pete” moment this week.
Now, there are the reports that AIG (American International Group), who will receive a handout by the US tax-payer to the tune of $175 billion to stay afloat, are giving their CEO’s golden handshake pay-outs to total $170 million. It’s shocked and angered Americans. The $175 billion is the largest ever pay out to a single company by the US government in history.