Quote of the Day

Never underestimate the rich person’s view of themselves as a 'victim'.

  AIG CEO Robert Benmosche,  told the Wall Street Journal that the post-crash public outcry over the use of bailout money to pay bonuses to executives was comparable to lynchings in the deep south.'

The uproar over bonuses "was intended to stir public anger, to get everybody out there with their pitch forks and their hangman nooses, and all that – sort of like what we did in the Deep South [decades ago]. And I think it was just as bad and just as wrong."

Joe Cassano, former chief of AIG's financial products division, was another. First, he arrogantly blew off the accountants who warned him his portfolio of hundreds of billions in uncollateralized bets might destroy the world. Then, after it all went kablooey, he tiptoed back to D.C. (after first being assured of not being prosecuted, mind you) from his lavish four-story townhouse in London just long enough to tell the Financial Crisis Inquiry Commission that he had absolutely nothing to be sorry about.