The Barbershop has re-located

The proprietor has moved the shop to ChicagoNow, a Chicago Tribune site that showcases some of the best bloggers in the Chicago area. You can logo on to the Barbershop home page here. The ChicagoNow home page is here.

You'll still be able to post comments with the same ease as in this location. The proprietor also will keep this web site alive if you wish to review old posts.

Thursday, March 19, 2009

Bankruptcy=No Bonuses

If AIG had been left to fail--as it, GM and a raft of other "troubled" institutions should have been--there would have been no bonuses paid to its executives. Those receiving the bonuses would have had to line up for their money just like everyone else that was owed money--bondholders, suppliers, consultants and the rest. That's why we have bankruptcy, but no, the politicians had to fiddle with it all, arrogant in their thinking that they could foresee all and run the business.

And, so, Treasury Secretary Timothy Geithner, President Barack Obama, Sen. Chris Dodd, House Speaker Nancy Pelosi, and the rest of the clowns who insisited on the bailouts, stimuli, TARPs and all the other give-aways are sinking into an ever-deeper political quagmire today for abetting the bonuses.

Poetic justice, indeed.

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