Wednesday, March 18, 2009

Paul Hipp Rocks Out The AIG Bonus Scandal

Free Money in the USA
(Very special thanks to the “ridiculously talented” Paul Hipp)

Had enough AIG bonus scandal outrage yet? Tired of asking what did Congress really know about AIG? Turn up the volume and kick back to the fabulous Paul Hipp and really feeeeeeeel the outrage!

Nevermind that, aside from this economic depression when white collar American jobs are being handed over to cheap foreign labor outsourcing firms/H-1bs, that a direct report to Vivek Kundra was arrested at the D.C. Office of the CTO on bribery and money laundering charges but today Obama has announced that he is reinstating Vivek Kundra. Anyway.

Outraged that so many Obama administration appointees are either corrupt or incompetent but somehow, like a Den of Vipers, all keep sticking around anyway? With so many millions and counting educated Americans being kicked to the curb by the same corporations that We, the Taxpayer have bailed out, you'd think Obama could find a few plebes cut from a different mold with integrity to replace these mofos...If you're still outraged over the fact that as American white collar jobs keep being handed to foreign workers and yet, our elitist, corporate run government has said jack shit about this dirty little problem nor what they will do to stop it, here's something interesting to ponder: Rattlesnakes are distinctly American serpents.

Note these exciting, remarkable comparisons:

*The sex of a rattlesnake is not easy to determine.

*If a rattlesnake has just been killed by cutting off its head, it can still bare its fangs and bite. The heat sensory pits will still be functioning, and the warmth of a hand will activate the striking reflex. The head cannot strike, but it can bite and inflict venom. The reflex no longer exists after a few minutes, or as long as an hour or more if it is cools, as rigor mortis sets in.

*Rattlesnakes, like other snakes, periodically shed their skin. When the new skin underneath is formed, the snake rubs its snout against a stone, twig, or rough surface until a hole is worn through. After it works its head free, the snake contracts its muscles rhythmically, pushing, pulling, and rubbing, until it can crawl out of the old skin, which peels off like an inverted stocking. Each molt produces a new rattle.

For more gems like the video above, visit versatile actor, singer and songwriter Paul Hipp at his website here.



Peter of Lone Tree said...

From The Wall Street Urinal:
Fannie Is Handing Out Its Own Sizable Retention Payouts
Fannie Mae is due to pay retention bonuses of between $470,000 and $611,000 this year to some executives, despite enormous losses at the government-backed mortgage company. Fannie's main rival, Freddie Mac, also plans to pay such bonuses but hasn't yet provided details.

2Truthy said...

This is bullshit.

"We" are the Boss of Them. What part of "No more boni/bailouts to anyone on the public dole that tanks the financial system and replaces our jobs with cheap foreign labor" does Team Obama not get?

I'm outraged at all the faux outrage, which is not to say that heads shouldn't roll.

Was the bailout itself a scam?
by Paul Craig Roberts (see below)

"Eliot Spitzer, the former New York Governor who was set-up in a sex scandal to prevent him investigating Wall Street’s financial gangsterism, pointed out on March 17 that the real scandal is the billions of taxpayer dollars paid to the counter-parties of AIG’s financial deals. These payments, Spitzer writes, [ ] are “a way to hide an enormous second round of cash to the same group that had received TARP money already.”

Goldman Sachs, for example, had already received a taxpayer cash infusion of $25 billion and was sitting on more than $100 billion in cash when the Wall Street firm received another $13 billion via the AIG bailout.

Moreover, in my opinion, most of the billions of dollars in AIG counter-party payments were unnecessary. They represent gravy paid to firms that had made risk-free bets, the non-payment of which constituted no threat to financial solvency.

Spitzer identifies a conflict of interest that could possibly be criminal self-dealing. According to reports, the AIG bailout decision involved Bush Treasury Secretary Henry Paulson, formerly of Goldman Sachs, Goldman Sachs CEO Lloyd Blankfein, Fed Chairman Ben Bernanke, and Timothy Geithner, former New York Federal Reserve president and currently Secretary of the Treasury. No doubt the incestuous relationships are the reason the original bailout deal had no oversight or transparency."

Citizen Carrie said...

I'm beginning to think that Eliot Spitzer being run out of town because of the sex scandal might have been a blessing in disguise. He might be more valuable to us as a private citizen than as a public servant, now that he doesn't have to keep quiet because of upcoming prosecutions.

2Truthy said...

"He might be more valuable to us as a private citizen than as a public servant, now that he doesn't have to keep quiet because of upcoming prosecutions."

With various conflicts of interest now out of the way, maybe Spitzer can name names?

Here's some more lite-nite reading!

"It's robbery, plain and simple. No amount of spin can change that. That the Obama Administration tried to spin it, kills them on everything else. Because with that one act, they showed that they were willing to go along with the robbery. All the "nothing they could do" bullshit sounded like every other politician. Telling Americans there's nothing Obama can do while they get robbed by corporations isn't change and Americans know it."

What to do next? Put Americans back to work, and not for slave labor compensation. This is an opportunity for Obama to tell GS, the Indian and Tech lobbies where to shove it. That is, unless he has no sk$n in the game.

Anonymous said...

Oh like here in Fargo, all of this would be a moot point if importing cheap "skilled labor" haha were stopped and good jobs were held by American citizens first.