rd4sndk

AIG's at It Again with Ludicrous $450M 'Retention Pay' Scheme

Corporate America is full of this handing out shareholders value to employees. Its no longer enough to have a job; management has figured out that they can inrich themselves with stock rewards and so called "necessary bonuses".

This is all contrived and sickens me whenever I think about what's happening in American corporations. Let's start outsourcing senior management and see how fast these bonus programs and outsourcing programs start to become less important.

We now know that these idiots are not much smarter than the average joe. BAC, WFC, GS, Wamu, Wachovia, AIG, etc are the largest fanancial institutions in America and have failed miserably. So why in hell do we insist on believing these guys are so much smarter than the rest of us? BS.. its all a ponzi scheme to inrich themselves.

Paulson's Plan Fails to Understand the Problem; Madoff Is a Perfect Example

James... I see your point but I have less faith in your fix and Obamas than I have in Paulson's. Can you answer me this? How is rebuilding a road that is already built will improve real money creation? I can see how it provides jobs for people but the money for those jobs comes from those who are working thus reducing on one hand money supply and increasing on the other. The new roads are not going to make it more efficient to ride on them although it would improve the comfort level. So I don't even see an effeciency component to your plan.

On the other hand, if Paulson can get the present locked up banking system to restart lending, this lending will lower the cost of capital (improved efficiency) and some of it will make its way into the hands of real money creaters (inventors, manufacturers and the like). It is these people that create new opportunities for money and lower the cost of capital by making better more cost effective products.

I believe we must do both Paulson and your plan but if I had my choice of in which one to emphasis my preference would be Paulson's for the immediate term and rebuilding infrustructure second.

Can you tell me the flaw in this logic?