Tag: american taxpayers

No Excuse for losing $2 Billion

In spite of what some people will tell you, the reason that we are in the Great Recession, the reason that millions of Americans are out of work, the reason there was a downturn in our economy is due to irresponsible recklessness on Wall Street. The folks on Wall Street will have you believe that this was the “perfect storm.” No. This was the result of massive deregulation which was pushed by Wall Street and unfettered greed. Until we, the American public, recognize that as long as there are massive incentives (read – huge bonuses) to cut corners and take risks

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Grab Bag Tuesday Evening

I am deeply saddened by the death of Elizabeth Edwards. Just yesterday, we heard that there was nothing more that the doctors could do and that should’ve been a clue that she was gravely ill. Her spunk and moxy are what drew many Democrats to her husband. My heart goes out to her family. May she rest in peace. Turmoil in the NFL. What’s new? The New York Jets got toasted last night. The New England Patriots boldly made the case for their being the best team in the NFL (without Randy Moss). Denver fired their coach, a very interesting and

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Bonuses at AIG ain't the problem or the outrage

I think, as a whole, we’re missing the boat on AIG. Yes, the bonuses in the face of failure, catastrophic failure, are difficult to wrap our minds around but let’s just step back for a minute and look at the greater picture. We, the American taxpayers, owned 80% of AIG. AIG is a huge insurance and financial services company. It seems to me, as majority owners of the company, that we need to figure out what is good in this company and sell off or close or liquidate the rest of the company. The department that thought up, bought and sold

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Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.


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