Welcome to a new weekly installment on TheExtremeScene.com: Teabag Tuesdays. If you're wondering to yourself what that means, well congratulations! I'm going to tell you. These recipients, unlike The Extreme Dumbass nominees, are yet to reap the rewards of their morally or ethically reprehensible behavior. If there is some cosmic flow however, it won't be long before Karma in all her glory (I know, but it's Karma it takes whatever shape necessary) , drops trow and administers a thorough tonsil tickling, gag inducing teabag to the offending individuals.
This brings us to our ever deserving winners for this week, American International Group, or as you may know it, AIG.
With the collapse of the banking system and our current economic crisis, the already struggling American taxpayers were called upon to bail out multiple institutions whose egregious lust for greed caused the greatest collapse of the American economy in over 50 years. In order to 'maintain' simply a 'Great Recession' as opposed to a 3rd Great Depression the US Gov't decided to shell out over 800 Billion (Yes that is a B) to large financial institutions in order to preserve the unfortunate state of complex credit and lending that fuels our economy. Among these 'beneficiaries' was AIG, which when is all said and done could top 180 Billion.
Now regardless of whether you think they should have received this money is a moot point. The fact is they did. You can leave that opinion to your comments. What makes AIG our Teabag Tuesday is the fact that just last Friday over 160 million dollars was paid out in the form of bonuses to executive and individuals who work for AIG. Now I'm not talking about their exorbitant salaries, this payout was supposed to be 'performance based'.
Now I ask you, if the company made such monumental mistakes that it requires 180 Billion in bailout monies AND posted the largest single quarter loss in Corporate History to the tune of 61 Billion should anyone be given a performance based bonus? Before you answer that, it is intended to be a rhetorical question, and the answer is obviously NO! If your opinion differs it's for one of two reasons 1. You're one of the A$$hole employees that received the bonus OR 2. You only have 2 brain cells and are shy the single synapse that is required to connect them! So pie hole, SHUT IT!
Here's the best part, when questioned why the bonuses were paid, the response was because they were promised! Are you kidding me? In my not so humble opinion when you take Billions in Gov't funds, which most people don't know actually buys Gov't equity in the business; it's tantamount to a bastardized bankruptcy. Since I don't think a bonus under ANY bankruptcy restructering meets the requirement of a 'secured loan' I hardly think there is any legal obligation to make good. Now I'm just a dumb sports enthusiast, but I don't think this falls out of the realm of basic common sense.
After that windy explanation, and my blood pressure rising like pants in a strip club I've said all I have to say except this. When Karma does come around and it's time to give them what they've got coming, do me one favor....Don't Shower!

