Monday, March 16, 2009

A question for Rep. Barney Frank.

The AP reports some statements by Rep. Barney Frank about AIG bonuses to its managers. According to AP, "Rep. Barney Frank charged Monday that a decision by financially strapped insurance giant AIG to pay millions in executive bonuses amounts to 'rewarding incompetence.'" He continued and said, "These people may have a right to their bonuses. They don't have a right to their jobs forever."

Barney, you're right. They don't "have a right to their jobs forever." You don't either. Barney Frank and other Democrats required the financial industry make loans to uncreditworthy people. They have a lot of chutzpah to attack anyone for "incompetence" or claiming that others have no "right to their jobs" for trying to deal with the risk created by the subprime loans required by the Democrats.

If people in the finance industry should be fired for their efforts to handle the risk created by subprime loans, all of the government people who required the subprime loans and facilitated their continuation should be run out of office. Do you agree, Rep. Frank?

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