They did such a wonderful job running the company into the ground.
Hostess Brands, the maker of sweet snacks like Twinkies that filed for Chapter 11 bankruptcy protection last week, will ask a bankruptcy judge today to approve a plan that will allow it to pay $1.75 million in bonuses to 19 of its executives.
Meanwhile, Dickhead Emeritus, Lloyd Blankfein, thinks all the little people should have to work until they drop, because, y'know - class warfare.
Lloyd Blankfein — evidently taking a break from doing “ god’s work” as the CEO of Wall Street behemoth Goldman Sachs — told CBS News’ Scott Pelley that he believes the retirement age needs to be raised because “in general, entitlements have to be slowed down and contained...
Sure, aside from the fact that THERE IS NO SOCIAL SECURITY CALAMITY ON THE HORIZON, let's make the people who can't afford health insurance and skyrocketing living costs work longer, get sicker, and die on the job. Don't you want YOUR kid's school bus driven by a 75 year-old with a heart condition who can't afford his or her meds?
Why aren't these people in jail again?
--WT
Don't worry, all our problems will disappear as the collapse takes hold via climate change impacts, natural calamities (like earthquakes), fiscal unravelling, political and social unrest and scarce resources (like food and potable water) within the coming 10 - 20 years (tops; personally, i don't think we even have that long - i'm on the "this coming year to 5 years out" range for total chaos to happen to civilization).
Posted by: Tom | November 20, 2012 at 01:42 PM
They own the jail.
Posted by: Shawk | November 20, 2012 at 01:43 PM
Their employees in the White House and at the Department of Justice want to keep their jobs. That's why they're not in jail.
Posted by: Mungen_Cakes | November 20, 2012 at 01:52 PM
Why, aren't these people in jail? Well, 'cause we've got the best government money can by. And guess who put up the cash....
Posted by: PWL | November 20, 2012 at 02:18 PM
Where is the pushback from our 'liberal' electeds in DC? There's very simple answers to all of this Social Security fearmongering:
1. Raise the cap; tax all of Lloyd's income
2. Lower the retirement age to 60 until the jobs emergency is over
3. Increase benefits by 20% per year over the next five years
4. Medicare for all
Posted by: Teddy Partridge | November 20, 2012 at 02:46 PM
Umm, shouldn't that be Lord Blankfein?
Posted by: queek | November 20, 2012 at 05:40 PM
Social Security is NOT a dogdamned "entitlement"! Personally, I've been paying into SS for more than 45 fucking years. Damn, I hate these people and the media they came in on.
Posted by: margaret | November 20, 2012 at 09:59 PM
Why, aren't these people in jail? Well, 'cause we've got the best government money can by. And guess who put up the cash....
Posted by: Rosann | November 21, 2012 at 02:43 AM
No, margaret, SS IS an entitlement, in the BEST sense of the word: we earned it, we're ENTITLED to it, it's fucking OURS.
Let's not let the right-wing propaganda machine do to "entitlement" what they did to "liberal" !
Posted by: Gummo | November 21, 2012 at 07:34 AM
I love the carbon-copy comments (from different names, of course) that have started cropping up here. I know we all thend to agree (otherwise we wouldn't be here) but c'mon, we can do better than copy-n-paste someone else's comment.
Posted by: Mr618 | November 21, 2012 at 09:57 AM
The children of people who would create a world with 75-year-olds who can't afford their meds driving school buses don't go to public school, so it's not really a problem, is it?
Posted by: karen marie | November 21, 2012 at 10:16 AM
voodoo crapitalist pigs.
Posted by: pansypoo | November 21, 2012 at 08:25 PM