Yet another story in today's WSJ about Little Timmy's incestuous relationship with AIG. This time it's over AIG reluctance (or NY Fed instruction) to hide the existence of bonus payouts at a time when the company's financial health should have precluded that sort of thing, at least to any rational person.
But when you're playing a game with other people's money (and in this case Little Timmy and AIG were both using taxpayer dollars, our money), rationality has a different definition that it does for those of us living our lives and trying to create and save personal wealth. Little Timmy interest is in feathering his own nest, creating and saving his reputation, and preparing his future at Goldman Sachs. Neither Daryl Issa or any taxpayer advocacy group will ever change this dynamic. Little Timmy will just be replaced by another government bureaucrat doing time until he can morph into an investment banker in the private sector. So what do we, the little people do?
By every means posible, limit what you send to Washington and every other government entity. Vote against every incumbent politician at every level. Vote for every initiative which limits the time a politican can exist on public money. Look for ways to bankrupty government programs. Or, try to become president of the NY Fed.
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