Seriously, the next time you conservatives wonder why I despise Wall Street so much, I'm just going to remind you of this.
AIG CEO Compares Criticism of Wall Street Bonuses to Jim Crow Lynchings - DailyFinance
Seriously, you can't make this shit up.
AIG CEO Compares Criticism of Wall Street Bonuses to Jim Crow Lynchings - DailyFinance
Bank executives have spent the years since the financial collapse defending their industry's fat bonuses against criticism. AIG CEO Robert Benmosche just went way off the deep end in trying to defend those bonuses.
Benmosche recently sat down with the Wall Street Journal to chat about the efforts he's taken since to stabilize AIG, which was bailed out by the government. And today the paper posted some quotes that were cut from the original piece, including an inflammatory take on the bonus controversy.
The bonus controversy, he told the paper, "was intended to stir public anger, to get everybody out there with their pitch forks and their hangman nooses, and all thatsort of like what we did in the Deep South [decades ago]. And I think it was just as bad and just as wrong."
That's right: Criticizing millionaire bank executives for getting excessive bonuses is "just as bad" as Jim Crow-era lynchings.
Seriously, you can't make this shit up.