Poor AIG

by Ben Cohen

Matt Taibbi on AIG’s new chief Robert Benmosche’s incredible claim that AIG wasn’t to blame for its own meltdown, and that it was in fact the government’s for not regulating them properly:

The Benmosche interview proves what most of us have long suspected,

that the trip these Wall Street dickwads all took to the financial

woodshed last year has taught them absolutely nothing. They believe

implicitly in their divine right to make gigantic gobs of money, even

if that money has to be borrowed from all of us, even if it means the

entire financial services industry has to be backstopped by government

guarantees. And the sad thing is that even a brief sojourn in the

desert of fiscal modesty might help not only politically, but help them

not suck at their jobs so much — but they don’t want to hear it. They

just don’t get that it’s exactly that hunger for big individual

compensation that turns ordinary sane people into Joe Cassanos and Win

Neugers. I mean, the clock hasn’t even struck a year on AIG’s bailout

yet, and this clown is already whining in public that the

government isn’t letting him pay out giant bonuses.The level of

cluelessness necessary for a move like that is off the charts, like

Stephon Marbury-level insane.

Ben Cohen is the editor and founder of The Daily Banter. He lives in Washington DC where he does podcasts, teaches Martial Arts, and tries to be a good father. He would be extremely disturbed if you took him too seriously.