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Tuesday, March 24, 2009

Replacing Many Decades of Financial Services Management Will be Easy

... it was finding someone who would reheat Secretary Paulson's bank bailout solution and serve it up as something new that would have been hard. That's why we confirmed Tax Cheat Geithner, dontcha know. Dig this.
A handful of senior executives working within American International Group Inc's controversial financial products unit have resigned, said a company spokeswoman late on Monday ... The spokeswoman declined to specify the exact number of resignations, noting they were expected to be "manageable," and said there were indications that more will follow.
Again, these were not the folks responsible for the crash, these were the folks trying to clean it up. Oh well, what's the big deal? How hard could it be to replace experienced, dedicated banking executives whose replacements can't be offered industry-standard bonuses? It should be a piece of cake.

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