Moses Ma's Personal Blog

Welcome to my mind. Take your shoes off and please make yourself at home here. First, an apology. This really is more of a random journal of things of stray thoughts, rather than anything fit for public consumption. And if you have a private blog/journal of your own, please send me the URL. I'd love to get to know you! About me:
Next Generation Ventures
Little Taoist Films

Tuesday, March 17, 2009

About those AIG Bonuses...

These Wall Street credit default swap gamblers... they're like the ne'er-do-well son-in-law who borrows $50,000 to start a restaurant, and then comes back and says he lost the money at the track, plus borrowed and lost $250,000 from the mob and they're gonna burn down the house with all of us in it in five minutes if we don't sign this TARP bill. So we fork over the money, and he shows up the following day in a nice new private jet he bought with the leftover money. Wow, isn't it shiny?

I think that if Obama went in and forced AIG to behave - convince their people re-invest their bonuses back into the company - it wouldn't be socialism... it would be acting like a venture capitalist. If a Silicon Valley VC was forced to inject $100 million into a failing startup to avoid an indemnification liability, you'd better believe that he'd get the CEO and managing team to toe the line... or he'd never have lunch near Sand Hill Road ever again! The government forked over so much money that it deserves the right to be angry, and should put some steel in it and read AIG's management the riot act.

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