I know the recession is pinching every pocketbook, but please take time to consider the plight of the poor, besieged AIG executive. Not only are these lost souls being maligned in ever corner of America, from the halls of Congress to the local barbershop, but it appears they are going to lose their hard-earned bonuses. Either they will have to give them back, or else their bonus booty will be taxed right out of their Cayman Island bank accounts. Even Oregon is getting in on the action.
How would you feel if you were the target of an entire nation's wrath over our economic meltdown? Pretty depressed, I'd bet. These execs were, after all, just doing their job. In fact, they did their job too well. If they hadn't put in all those 80-hour weeks swapping credit defaults and diddling with derivatives, if they had slacked for the past several years, they might not have found themselves in the middle of this mess.
And so what is their reward for all this hard work and making money out of thin air? They stand to lose their bonuses—er, retention pay. What is going to motivate them? What will make them want to stay on the job? That is other than the fact that probably no one else will ever want to hire them?
They stand to lose their second or third house, or at least that nice condo in St. Lucia. They may have to sell off their Bugatti Veyron and downsize to a totally inadequate BMW Z8. And after cultivating a taste for well-aged scotch, can you expect them to live on Dewar's?
Won't you help? Won't you please help?
For a donation of just $100,000—that's a mere 20 cents per minute—you can keep one broker in Talisker 30-year single malt scotch for one year. (Assuming a fifth a day is enough.)
Please act today to end their pain and humiliation. Send your blank check or credit card (yes, the card itself) to:
Too Big To Fail Foundation
P.O. Box 31337
Georgetown, Grand Cayman Island
Your donation is not tax deductible. But then, unlike the poor AIG wretch, you probably won't make enough money this year to need to pay taxes.