Keith Olbermann Special Comment: Bailout Bonuses - ENOUGH!

Finally tonight, as promised, a Special Comment on the latest atrocity from the banks. The vast, engorged, gluttonous multi-national corporations. Whose sneezes can be fatal to our jobs. Whose mistakes can turn us into the homeless. Whose accounting errors can be so panoramic that they can make our economy tremble and force us to hand them billions after billions in a blackmail scheme that has come to be known as bailout.

Five weeks ago Vikram Pandit, the chief executive officer of Citigroup, went back to Congress, tail seemingly between his legs, and, with entreaty dripping from his voice, announced I get the new reality and Ill make sure Citi gets it as well.what Mr. Pandit got was a new $10 million executive suite for himself and his key associates...said he would show his leadership by accepting compensation of $1 a year. In fact, he then accepted a total compensation package for 2008 of $38 million.
Enough!
Mr. Pandit, youre probably just a good actor and a damned liar and a con man...God knows you guys have pulled off every other accounting trick every dreamt up by immoral man. You, Sir, and the other corporate pirates like you — those who are saved from your obsessive spending and greed and self-aggrandizement by the taxpayer — who then pretend to atone — who then publicly promise good behavior — and who then revert immediately to the rapaciousness that is your only skill.

You, sir, all of you, need to be fired.
Enough!
The far right in this country, without the slightest provocation, screams socialism, and the sheep who follow it, who do not know what the word means and do not know it is only being used because communism now rings laughably hollow. In this cry of fire in a crowded unemployment line, there is outrage.

But there is also license. They think this is socialism? There is a million miles of reform to go before we hit socialism but if theyre going to call us names whether they apply or not lets give them real reform.

Break up the banks. Regulate the financial industries, to within an inch of their existences. Roll back corporate legal protections. Make liable the officers of corporations, for their debts, and for their deeds. Resurrect the rallying cry of a hundred years past: bust the trusts!

AIG gives failure bonuses to the cretins whose dalliances in derivatives brought the company and part of the nation to her knees? Spin off that division whose traders are owed the 165 million in bonuses, under fund it, and cause it to go bankrupt.
Enough!
Have the IRS take these companies, immediately, to the tax courts to which the rest of us are liable. And strip those ancient, outdated laws of Corporation, so that the officers of the corporation are personally liable for their companies debts, just as you or I would be. And if the monopolies of radio or television rear up to support the corporate structure, to say a contract is a contract, even though that isnt true for a union these days, only for an AIG Trader.
Enough!
To all of you in the Corporate boardrooms: Stop viewing the publics reaction to this naked, unhindered robbery of the public coffers, and your audacious, immeasurable sense of proprietorship and entitlement stop viewing our anger as some kind of brief impediment, some traffic delay that keeps you from your God-given corporate ballpark sponsorships, and perpetually remodeled offices, and the divine right of $38 million compensation packages.

You, gentlemen and ladies, and not the good and long-suffering average people of this country, you are fomenting rage in this nation. You are the losers in this equation, and the people are the generous ones; they have not assembled in the streets with pitch-forks and flaming torches. You are the ones perceived — understood in a visceral and even transcendent way — as the committers of what is becoming class economic rape.

And heed this one word before these people grow weary of forgiving you, and instead decide to bring the good life — which you have built on their backs — crashing down on top of your heads. When the next boardroom needs re-modeling, or the next bonus paid, or the next jet purchased, remember that one word: Enough!
http://allthatnatters.com/2009/03/19/transcript-keith-olbermann-gets-tough-wi...

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[Emyousmusa]

You never hear the from other news casters, and commentators, of the type of blunt, and rightly viewed critzism by Keith Olbermann, he is not owned, he works for a multi national company, but it is obvious that it is not keeping him from being bais that is extremely self evident, and for people honestly to say the opposite from the obvious, they are lying to themselves of how important for someone in the news to tell the truth, and it shows that alot of people can't handle the damn truth.

[DameDiabolique]

Wow, so quick to judge Obama after only THREE MONTHS IN OFFICE...

What Irrationality!

[coleyman1]

@runelord37 I guess you didn't read all of what I wrote. I told you why I thought he was incorrect! He just supports what his liberal employer wants him to. He has no position other than those of MSNBC/General Electric! You will never hear him in opposition of the administration no matter what! What he really believes and cares about, if it's not what he preaches on his show, will never be known because he is a political whore to whomever is paying the most at the time. He's Beck except dumber!

[runelord37]

@coleyman1 i dont support anything with "dripping, slobbering admiration". you can think hes a tool and thats fine. i might agree with you on some point perhaps. i dont need to defend this guy. i merely asked you to state why you think he incorrect. too hard for you? yep pretty sure it is

[coleyman1]

@runelord37 Look, if you understand the progressive movement that he and MSNBC support, with dripping, slobbering admiration, I might add, then you know what he believes in and supports! Did you just awaken from a 10 year nap or what? If he doesn't believe in the democratic liberals he swoons over every night, then he is just after the MONEY! I really could care less, because his ratings are not half, repeat-- NOT HALF of the "other" folks that do the same slobbering over the conservatives!!

[runelord37]

@coleyman1 your statement does not adress why you believe his ideology to be incorrect or biased. no substance and no points

[coleyman1]

@Emyousmusa What?? Olberman works for GE! The most liberal, democrat sucking company in the universe! He has the sense of an billy goat and would love to be a stand-up comic. I think he thinks he is the Henny Youngman of cable political news! He's a jerk in every sense of the word!!

[BadLuck765]

@DS1circle I know this is old, but you're a big fan of the banks, I take it?

[cdowell1976]

zeitgeist my friend. zeitgeist. I'm totally with you brother!

[bpknapp63]

To dencal26,

Genius,

GE did not receive bailout money. What the company did receive was a guarantee on their commercial paper. Simply put (so you can understand) the government would repay any investor who bought GE bonds if the bonds were to default.

That is not the same as receiving money.

Learn before speaking.

Required for informed dialogue.

[DS1circle]

Because Olbermann is a puny, stinking two faced back stabbing butt licking douchebad leftwing liberal...oh...and a fucking piece of shit liar. He's got the kind of face I like to use for a punching bag.

Olbermann...you are the ultimate asshole, next to your god Obama.

[VonHelton]

GLOBALISM DOESN'T FUCKING WORK!

When are Americans gonna wake the hell up?