AIG CEO compares public anger over Wall St. bonuses to Deep South lynching African-Americans

really bad analogies

wtf moment

Just when you thought you couldn't resent greedy, ultra-wealthy Wall Street executives more, along comes AIG CEO Bob Benmosche making jaw-droppingly tasteless analogies.

True to form, the recipients of gigantic bonuses just can't get enough, despite the fact that they nearly destroyed our financial system trying. Of course, they didn't mind accepting bailout money either. *Yawn, stretch*... millions and billions in bailouts and bonuses, it's all in an hour's work.

All this while the rest of us have been struggling to make ends meet. It may be time for Occupy Wall Street to re-occupy.

Benmosche was interviewed by the Wall Street Journal and popped out with this gem, via Think Progress:

“Now you have these bright young people [in the financial-products unit] who had nothing to do with [the bad bets that hurt the company.] … They understand the derivatives very well; they understand the complexity. … They’re all scared. They [had made] good livings. They probably lived beyond their means. …They aren’t going to stay there for nothing.

The uproar over bonuses “was intended to stir public anger, to get everybody out there with their pitch forks and their hangman nooses, and all that–sort of like what we did in the Deep South [decades ago]. And I think it was just as bad and just as wrong.

He then sworetogod that he really didn't intend to offend anyone. Honest!

Why, who would possibly be offended by the suggestion that lynching African-Americans in the Deep South and being criticized for maintaining the lifestyle of the rich and infamous are analogous?  I mean besides anyone with an ounce of self-awareness and decency.

That concludes today's WTF Moment, and thank you for playing "Really Bad Analogies."

  • Cory James Hinman

    .The guy doesn't know what a lynching is. Yet. As ever new examples of the heights of the arrogance of the 1% have surfaced over the last 5 years, I've found myself wondering, "Do these people never pause to consider the 99% they're ripping off in the context of ropes and lampposts?"

  • maryann bee

    The man's existence is offensive. Opening his stupid mouth just makes him even more offensive. He knew exactly what he was saying and how offwnsive it was.