I found this Chicago Tribune article this morning. GM is closing 14 plants and just axed more than 800 dealers ( unless the bankruptcy judge does something both fair and surprising) but NOTHING at all changes in the company's Middle East operations. Tell me again why we are bankrolling this company to the tune of about $70 billion including the money we are expected to fork over after the filing is completed?
And then there is this, by way of John Aravosis at Americablog, from a company that should be the poster child example for 'Bailed Out Companies Behaving Badly.' But what should we expect from AIG? Of course, those poor executives who made all of those bad decisions REALLY do need the charity more!! Worse, the company and its offshoot foundation were bankrolled by former AIG execs from their own money not AIGs. But because it paid dividends and bonuses to the AIG execs who founded it AIG believes it is entitled to the whole swag? WTF!!!
The third example of companies behaving badly also comes from John Aravosis. Prime example of why we love to hate insurance companies. I think we are going to have to upgrade the old saying about being 'nickled and dimed' to death. It is no longer so penny ante.