+Home | +News | +Weather | +Calendar | +Restaurants | +Education | +Shopping | +Pets | +Travel | +Boating | +Pictures | +Links
Magazine
Subscribe
Editorial
Media Kit
Talk to us

Commentary Mar 19, 2009 - 11:13 AM


Shame and Greed (the AIG experiment)

By Naiden Stoyanov


Font size: Small Big
Email this article
 Printer friendly page
Share this article:
facebook del.icio.us Yahoo! MyWeb Digg reddit Furl Blinklist Spurl
Sen. Charles Grassley (R-Iowa) suggested earlier this week in an interview with Iowa radio station WMT that AIG executives should follow the old tradition of the disgraced Japanese samurai to commit the ritual suicide (hara-kiri) and rid society of themselves.

Grassley’s spokeswoman Jill Gerber later told the political web site Politico.com that the senator didn’t mean what he said literally and that he was speaking rhetorically, referring to the lack of “shame and acceptance of responsibility” for the executives’ management of the company, not that he really wanted them to commit suicide.

I believe her. While I personally think that suicide should never be an option whatever the circumstances, this article is not about suicide, it’s about shame and greed.

Senator Grassley is only one of the plethora of politicians, pundits and economists that voice their disagreement with the way AIG handles the taxpayer money used to bail out the troubled financial giant, and shame (and its derivatives) is a word often used to describe the actions of the company executives.

Yet, I think that we shouldn’t be surprised even one tiny bit. While shame is one of the feelings that are supposed to keep us safe in our civilized society, we all forget one fundamental truth about it.

Shame and the all-powerful unabated Greed can rarely be used in the same sentence, let alone expected to coexist. Let's see which one prevails in the AIG experiment.




© Copyright by NorwalkPlus.com. Some articles and pictures posted on our website, as indicated by their bylines, were submitted as press releases and do not necessarily reflect the position and opinion of NorwalkPlus.com, Norwalk Plus magazine, Canaiden LLC or any of its associated entities. Articles may have been edited for brevity and grammar.




[an error occurred while processing this directive]



CURRENT HEADLINES:
Saxophonist Branford Marsalis to perform at the Danbury Audi Jazz Series
Westport Arts Center presents “House Project” art exhibition
Two additional Safe Havens babies brought to hospital emergency departments in March
Baseball, apple pie, and camp
Seventeenth annual Young Artists Summer Jazz Workshop seeks participants



[an error occurred while processing this directive]


Top of Page






StamfordPlus.com is part of the Canaiden Online Media Network.
Stamford Plus Online | Norwalk Plus Online | Canaiden.com | Best of Norwalk | Best of Stamford | Hauterfly Magazine | SummerCampPlus.com

Copyright ©2005-2010 Canaiden,LLC All Rights Reserved.