Con Men drive me crazy! They absolutely enrage me to the point where I want to get a gun permit and use it. Seems that a lot of good people these days are getting to that point as well, considering the enormous increase in gun and ammo sales.
The first time I was consciously confronted with a con men of the lowest kind was a long time ago in Madrid Spain. I was facilitating the urge of my then wife and her girlfriend to accompany them on their shopping spree. My contribution was mainly looking at boutique window displays and observing the rest of the human race indulging in what much later turned into the credit crisis. At one point I sat on a bench outside a store, watching traffic when I noticed a beggar across the street sitting on a home-made dolly with a sign I couldn’t read from the distance. But clearly he was sitting as if his legs had been amputated. I felt sorry for him until minutes later when I looked back over I saw him jumping up from the dolly, snapping it up like a teenager does his skate board, zig zagging through traffic, crossing the busy street and plopping himself down on the board right next to my bench. Imagine my surprise! His sign didn’t say anything but a simple Please? A mark of genius I must admit. Moving in between the shopping crowds pushing himself forward with his hands on the sidewalk was quite a convincing show that brought him an easy $20-$30 in less then a couple of minutes. I was astounded and enraged, but as a guest in the country my action was limited to a stern talk to the man. I’m a big guy and can make a nasty impression, but that’s all I can do when I’m just a guest.¬† Just as I am in this country.
My revulsion at the actors who beg for a living is exceeded only by the con men that are running the banks and investment firms in this country. Con men, call them what they are! These so called ‚Äúbest and brightest‚Äù ran their firms into the ground with some of the worst management decisions since my first attempt at managing my weekly paper route’s income, instead of spending it all on music. And these moronic CEO’s are still being paid bonuses. I guess my idea of a bonus being something earned for superior performance is a Martian concept.‚Ä®‚Ä® They loaded up on mortgage investments they knew were garbage, high-risk junk, and then scream they can‚Äôt stay afloat without taxpayer help when these same investments went in the toilet.‚Ä®‚Ä® The best of the best then cry for more cash, more help, and then buy multi-million dollar jets for the best and brightest to get around to more meetings, send their money geniuses to Las Vegas for all expense paid junkets, and argue that a half a million dollars a year isn‚Äôt enough to attract talent. What talent? Con men, nothing more, probably less
Ask one of the unemployed in this country how far $500,000 will go.
AIG exposed themselves to $60 trillion of risk by selling insurance, that‚Äôs what credit default swaps are, insurance, for the same garbage mortgage investments that brought down the banking industry– $60 trillion!
How in the name of God did anyone expect to be able to back up that kind of exposure? And these people deserve bonuses?‚Ä®‚Ä® Guess who is guaranteeing AIG? You, the same schmuck who‚Äôs keeping the rest of the banks and investment banking houses in this country alive until they have plundered every last penny you have. You’re damn right I‚Äôm scared. I’m scared for the fallout of this Crime of the Millenium in a country where there is at least ONE GUN per household.
I need to interject my own rant here and re-acquaint you with a Bob Dylan song that dates back to the mid 1960’s. Why? Because I want you to understand where you will be when this is all done and over with.
YOU NEVER TURNED AROUND TO SEE THE FROWNS ON THE JUGGLERS AND THE CLOWNS
WHEN THEY ALL DID TRICKS FOR YOU
YOU NEVER UNDERSTOOD THAT IT AIN’T NO GOOD, TO LET OTHER PEOPLE GET YOUR KICKS FOR YOU
YOU USED TO RIDE ON THE CHROME HORSE WITH YOUR DIPLOMAT
WHO CARRIED ON HIS SHOULDER A SIAMESE CAT
AIN’T IT HARD WHEN YOU DISCOVERED THAT, HE REALLY WASN’T WHERE IT’S AT
AFTER HE TOOK FROM YOU EVERYTHING HE COULD STEAL
HOW DOES IT FEEL, HOW DOES IT FEEL TO BE WITHOUT A HOME, LIKE A COMPLETE UNKNOWN
LIKE A ROLLING STONE
Don’t say, he didn’t warn you.
Fast forward to 2009 and the idea that we the taxpayers should expect these, the chosen ones, to live on $500,000 a year is being received as if we had just thrown them out on the streets with only the clothes on their backs. ‚Ä®The President‚Äôs limit of $500,000 compensation for the top executives of companies receiving TARP money, charity, is much more then ten times the average income for a family in this country.
If $500,000 isn‚Äôt enough money for the performance these people have delivered, I‚Äôm living on the wrong planet.‚Ä®‚Ä® In case you haven‚Äôt picked up on it, I am really enraged about this. And here‚Äôs the worst part. These limits only apply to the top executives of the industry, not the traders, analysts and dealmakers who can easily earn multi-million dollar incomes every year. These people won‚Äôt be affected by the limits. Were they innocent bystanders who had nothing to do with the rape of the global economy? This is so beyond even Hollywood realities that I can almost see why so many of you still think of it as just a really bad dream.
It‚Äôs uncertain who is more culpable, the $500,000 beggars, or the legislators who put a compensation limit in place that doesn‚Äôt cover one tenth of the people involved in the collapse of the banking and investment banking system.
All are benefiting from the TARP monies. Hell the pure fact that people like treasury secretary Geithner and Daschle can get away with their con job while not even paying taxes, yet collecting from you, tells me that “all hell’s been broken loose”.‚Ä®‚Ä® This whole bailout is turning into a joke. Half million-dollar incomes for horrible work performances, enough pork in the stimulus package to feed China, window dressing pay limits, and the press is giving the entire congress a pass on it. What the F…K?!!
We have reached the upper limit of our incompetence.