So there’s been a lot of anger about the AIG bonuses lately. Someone I know recently Tweeted “AIG = Arrogance, Incompetence, and Greed.” The Huffington Post put up this satirical post about why these bonuses were well-deserved. If you didn’t know, AIG used bailout money to pay “retention bonuses” to members of its Financial Products Division, which got them into their current dire circumstances.
AIG has stated that they must pay the bonuses for two reasons. First, because they are contractually obligated to pay. Second, because the people who got them into this situation are the only ones who can get them out again, by unwinding their own mess. Yesterday, NPR tore both of these arguments apart. First, the contract to pay bonuses was shady from the start. Deals to assure bonuses to an entire division are unheard of. Also, the language suggests that it was signed knowing that the FP Division was in trouble and they were needed to unwind the problems. As for the second argument, individuals who have left the company were still paid the bonuses, which seems to negate that defense.
Now, different parts of the government are falling over each other to be the ones to fix the problem for the American taxpayers. Obama told his staff to use every legal means to get the money back. AIG CEO Liddy asked his employees to return “at least half” of the bonuses. The New York Attorney General and the Connecticut Governor are both pursuing cases to get the money back. And now, Congress is voting to put a 90% tax on all bonuses paid by companies supported by bailout money as well as subtracting the bonuses from AIG’s next installment of bailout money.
Wouldn’t this have been a lot easier if we hadn’t bailed out the banks in the first place? If only we had taken more bold action instead of trying to put a band-aid on the trauma.
Posted by Dinh at 12:35 pm on March 19th, 2009.
Categories: Politics. Tags: America, Obama.
Watching Role Models and <a onclick=“javascript:pageTracker._trackPageview(‘/outgoing/www.rottentomatoes.com/m/taken/’);” rel=“nofollow” href=“http://www.rottentomatoes.com/m/taken/” rel=_external”>Taken back-to-back got me thinking…
At the beginning of Role Models, Danny is a smart-ass and points out the ignorance of others. In Taken, Brian’s daughter tells him that her mother said that his job (first as some sort of Special Forces guy and then as a high-end private security guy) made him paranoid. He counters that it simply made him aware of what the world was really like. Suppose that ignorance is really bliss. Would you rather make the people around you happy, or well-informed?
For instance, take coverage of the wars in Iraq and Afghanistan. There is shit constantly going down over there, but we hardly hear about any of it in America. There are journalists on the ground over there giving stories to their editors and getting shot down because someone in the news org doesn’t think the American public wants to hear this stuff.
Or take the publicity that Slumdog Millionaire is creating for the poor in Mumbai. People are arguing about whether the movie is an accurate depiction of life there or not; whether it has been over-dramatized for the movie, or perhaps glossed over too quickly instead. But did you hear anything about Mumbai before the movie?
Would knowing about these and other bad situations around the world make you unhappy? What if you could know all the good things in the world, too? If we all shared perfect information, do you think people would be more or less happy?
Yes, I know this would destroy the sex appeal of secrets. (From Qwantz.com.)
Posted by Dinh at 7:30 pm on February 27th, 2009.
Categories: Life, the Universe, and Everything, Movies, Pictures. Tags: America, Dinhternet, Stories.
So to continue what I was saying, I hung out with the guys again yesterday. We went to Davis to work on Will N’s car. Why there, I’m still not sure. But I did manage to control my eating better. Drank more than I planned on, still, but it’s impossible to meet my goal when playing beer pong.
But this post is actually about the blending of Viet traditions and modern American living. Tet, our Lunar New Year, is coming up on Monday, and my family was discussing some of the things we needed to do to get ready, and it led to a more general discussion of interpretations of Viet traditions.
For instance, one tradition is to invite a person with a lucky name to come over, because if “Luck” is the first thing that comes into your house in the New Year, then luck will come in all year. Dong Ha asked if that worked the other way, meaning if she went to “Luck’s” house, if she would encounter luck all year? That led to this -
“What if I go to Costco first? Will I be thrifty all year and find wholesale prices everywhere?“
– Dong Ha.
I didn’t know how to respond to that. Later on, she also asked,
“If I have a good hair day on the first, does that mean I’ll have good hair days all year long?“
– Dong Ha.
My mom actually smiled as she yelled at her for asking such things.
Posted by Dinh at 7:32 pm on January 24th, 2009.
Categories: Family, Fitness, Quote of the Day. Tags: America, Dong Ha, Family, Viet, Will N, Work.