Absurdity, Allegory and China

The Kingdom from another angle.

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US Bail/Blowout: Round 1 to The Iceberg.

March 19th, 2009 · 2 Comments

(This is another post that has more to do with the Absurdity and Allegory than the China. For those here for the China, all I can say is “More later.”)

RE: AIG, White House and bonuses.

“I didn’t know the iceberg was there!” is an excuse that can be used by snipes and deck apes, but not by the cappie. Cappie ‘sposed to be on top of this shit. Dodd and Geithner will eventually go, though I do not think Geithner is getting a fair shake, working in an office shamefully empty of senior support staff. (There’s another big Why that needs to be asked. “Cappie?”) But he’ll fall on the sword, because someone has to. Senator Dodd has nice suits, but they’ve been on camera twice too much the last two days.  And his position as Numero Uno on AIG’s political donations recipient list (which looks worse than it actually is, but this is all about the looks) will help to further wrinkle his threads. And off in the not-so-distant distance, the “fail” section will make sure this all happens, because that’s what it’s all about. An intern and stained dress so soon! Amazing. But it’s politics, right? It’s always about the next election.

In reality all this bonus stuff is mostly fluff, but it’s become the reification of all we don’t know and can’t seem to ever understand about the financial labyrinth(s), where all the money always gets lost, eventually ending up in the hands of those who already have plenty of it. The AIG bonus business is not the ‘evil.’ It’s just its feeble reflection. The Real One is still on the prowl, and we’ll never get a chance to ever see it. Then again, we can always ask Rush, who supports the bonuses. I’m sure he knows. He’s on the payroll. But, of course, he’s not telling. He’s too busy running a party.

Tags: AIG · banking

2 responses so far ↓

  • 1 bhb // Mar 19, 2009 at 6:59 pm

    I have to confess, I’m glad to have this financial disaster to distract you from writing about drywall.

  • 2 Jim Gourley // Mar 19, 2009 at 7:49 pm

    Thank you, B, I needed a good laugh!

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