Posts Tagged ‘AIG’
NPR reported last week that General Motors had provided thousands of its white-collar employees with free cars and gas. And while this benefit has been around for decades, it’s being seen in a new light now that federal funds are propping up the automaker. GM’s story recalls the excesses of another company, AIG, which handed out millions of dollars in bonuses to executives as taxpayers were underwriting its failed business.
A fair question raised by the media in both of these instances is, “Should taxpayer dollars fund this kind of thing?”
Watching mainstream media pundits wag their fingers at these companies recalls the old saying about throwing stones from glass houses. If the media are so concerned with keeping a watchful eye on corporations getting government assistance, then they had better be prepared to turn that attention to themselves. Read the rest of this entry »