Concession to the depression of the Recession Confession

I usually try and stay away from current events but  I thought I’d a share a few synaptic provocateur free rambling  observations on the world today….ok maybe not totally s.p. free

First, there is a great Op Ed piece in the NY Times today from an AIG employee.  As my brother said, “there’s always two sides to a story.”  Here’s the link to the piece:

http://www.nytimes.com/2009/03/25/opinion/25desantis.html?pagewanted=1&_r=1

Mr. DeSantis resignation letter is both interesting and not surprising.  Might I add, bravo.

We’ve run out of collective fingers and toes to count how many people have been sacrificed by corporations.  Now don’t me wrong, I’d be happy to be sacrificed for a $740K bonus (after taxes).  However, understanding the timing of all this crap Mr. DeSantis is still just an employee who did his job with the corporate commitment and contractual agreement from his employer that he’d be compensated for said job.

I am confident for every Jake DeSantis there are thousands of people who have had similar experiences, albeit without the significant cake.  Whether it was by reinvesting in corporate stock shares or working 15 hour days folks make dedicated commitments to corporations and after all that they end up having the company drain them of both their financial and emotional capital.  Why is it that corporations fail to recognize and demonstrate the value of human assets.  When did this relationship start being a one way street?

I know I am generalizing .  There are some good companies out there doing great work with a commitment to their employee base.  The challenge is they never make the headlines.  Nope, the headlines are left for the Enrons, Bear Stearns and AIG’s of the world. 

Then we have the government.  Ah, the government.  Knee jerking like the high stepping army of Kim Jong Il.  Quick let’s pass specific laws to punish these people who received these bonus’s.  Beautiful knee jerk reaction….horse – barn folks.  Why is it that this bonus structure which has been on the AIG books for months never was identified.  Shit, we the people supposedly own 80% of AIG.  Who is overseeing this crap.  Where were you six months ago Mr. Blumenthal?  Tied up in tracking down illegal weight loss claims and credit card fraud by some rogue Acai berry sellers?   Senator Mr. Dodd everything was cool when AIG was filling your campaign coffers and paying your wife to be some defacto director….huh?  What’s that, we can’t hear you?  Me thinks your run is just about over, get that resume ready.  Hey, maybe you too can get a job at AIG.

We have such short memories.

I read a great article the other day about the SEC.  We have a government that goes to great lengths to create Drug Czar to oversee drugs (how does one apply for such a job) yet the SEC chairman just asked permission to use $17 million of unspent funds from previous years.  UNSPENT?

Hmmmm, think maybe we should have spent those funds on some due diligence figuring out how “investors” were promising 20 to 30 percent return on ones investment or maybe taking a good look at the credit swap transaction and derivatives?  Oh, wait maybe that wasn’t the SEC’s job, maybe it was the Federal Reserve or maybe the Treasury Dept.  We got this great big government that has had their heads up their collective asses for years now. 

Please understand this isn’t about Democrats or Republicans.  It’s not about Conservatives or Liberals.  It’s about working together in a god damn unified fashion.  Like one big fucking team.  Novel concept if there ever was one.  Working, efficiently and with politics aside.  The only reason to review how we got in this damn mess is to understand it and set up the appropriate checks and balances to ensure it don’t happen again.  NOT TO PLACE BLAME.  Any one can identify a problem, the key is being able to understand it and produce a solution.  

Speaking of blame, there is a great Monty Python sketch, I think it’s called the dead bishop sketch, here is a bit of the dialogue:

Son: (coming in the door) ‘Ello Mum. ‘Ello Dad.

K: ‘Ello son.

S: There’s a dead bishop on the landing, dad!

K: Really?

M: Where’s it from?

S:Waddya mean?

M: What’s its diocese?

S:Well, it looked a bit Bath and Wells-ish to me…

K: (getting up and going out the door) I’ll go and have a look.

M: I don’t know…kids bringin’ ’em in here….

S: It’s not me!

M: I’ve got three of ’em down by the bin, and the dustmen won’t touch ’em!

K: (coming back in) Leicester.

M:‘Ow d’you know?

K: Tattooed on the back o’ the neck. I’ll call the police.

M: Shouldn’t you call the church?

S: Call the church police!

K: All right. (shouting) THE CHURCH POLICE !!

(sirens racing up, followed by a tremendous crash) (the church police burst in the door)

Detective: What’s all this then, Amen!

M: Are you the church police?

All the police officers: (in unison) Ho, Yes!

M:There’s another dead bishop on the landing, Vicar Sargeant!

Detective:Uh, Detective Parson, madam. I see… suffrican, or diocisian?

M: ‘Ow should I know?

D:It’s tatooed on the back o’ their neck. (spying the tart) ‘Ere, is that…. rat tart?

M: yes.

(pause)

D: Disgusting! Right! Men, the chase is on! Now we should all kneel!

(they all kneel)

All: O Lord, we beseech thee, tell us ‘oo croaked Leicester!

(thunder)

Voice of the Lord: The one in the braces, ‘e done it!

Klaus: It’s a fair cop, but society’s to blame.

Detective: Agreed. We’ll be charging them too.

K: I’d like you to take the three by the bin into consideration.

D:Right. I’ll now ask you all to conclude this harrest with a hymn.

All:All things bright and beautiful, All creatures great and small, All things wise and wonderful, The church has nigged them all. Amen

There you have it –  “societys to blame.”  Blessed be the cheese makers!

Repeat after me – Funky Town greed.

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2 Comments

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2 responses to “Concession to the depression of the Recession Confession

  1. Meredith

    I read where colleagues of Jake Desantis were giving him a standing ovation, and joining him in refusing to give back the money – including the HEAD of one the units that lost a boatload of money!!
    Personally, I don’t care so much about the bonuses as the fact that the true issue – lack of regulation – is being pushed aside in favor of these pointless attacks on the individuals involved. They’re all a bunch of big babies caught with their hands in the cookie jar. I say, stop yelling at the babies and start doing something about the cookie jar!!

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