Intelligent Quote

"At the moment it is far better to be a financial cripple with a government guarantee than a Gibraltar without one." -- Warren Buffett

AIG is really drilling this thought down to the core, with their decision to use $165 million of bailout money for bonuses and compensation. The successful businesses are not even pushing out $165 million in bonuses. The thought is just absurd.

I suppose that now that AIG is calling the money "retention payments" it makes it all better.

If I had a chance I'd ask Edward Liddy, CEO and Chairman of AIG if we called the Civil War the War of Northern Aggression, would that change the outcome?