Word: madness
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Dates: during 2000-2009
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...contractually promised bonuses after concluding that the government had no legal recourse to prevent them from being paid, said earlier this week that he plans to take the money out of the next $30 billion tranche Treasury approved for AIG two weeks ago. (Read "The AIG Bonuses: Getting Mad and Getting Even...
Address the anger. The public is mad about having to bail out the financial institutions who got the world into this mess - and the recent revelations about payouts to fat-cat executives at AIG, RBS and elsewhere are stoking the anger. It's time for some symbolic action. One suggestion: an agreement that every firm receiving taxpayers' money should pay its employees the same as other public-sector workers, such as teachers. That would assuage public fury, and provide an incentive for the banks and insurers in question to sort out their problems fast...
...great insight is into the damage that genocide does to those who perpetrate it. The Nazi bureaucracy has sold Max and his colleagues on mass murder as a hygienic solution to Germany's woes, regrettable but necessary. But carrying it out tears them to pieces. They stumble around half mad and constantly drunk. They wall off the horror, but it oozes through the cracks. The work of destruction is feeding back into them, destroying them in turn. "What if murder weren't a definitive solution," Max says. "What if on the contrary this new fact, even less reparable than...
Read "The AIG Bonuses: Getting Mad and Getting Even...
...hanging, drawing, and quartering of former Crimson President Jim Cramer '77 by John Stewart. While we're pleased Stewart has found a new target after his best buddy rode off into the sunset, FlyBy still holds a soft spot for Cramer from its days watching Mad Money as a budding i-banker (pre-crisis, of course) and this infamous clip. Yes, we still hate Bill Poole to this...