Representative Tim Ryan puts too much faith in AIG executives:
In the House, Reps. Steve Israel, D-N.Y., and Tim Ryan, D-Ohio, introduced a bill that would that would tax at 100 percent bonuses above $100,000 paid by companies that have received federal bailout money.
"We will use any means necessary," said Ryan. "It boggles my mind how these executives can be so unaware of what the American people are going through."
I worked for a Swiss bank in NYC for a period of time, and I’m comfortable stating that these executives:
- Think they’re better than the working-class Americans.
- Think they’re entitled to these bonuses merely because they show up to work.
- Don’t care about the problems facing working-class Americans.
- Are looking out only for their own best interests.
That’s the way the banking world works, folks. People who have the kind of jobs that pay out $1 million dollar (and higher) bonuses neither understand nor care about problems of regular working people.