AIG Gives New Meaning to "F*ck-You Money"

It is especially hard for the outrage of a Congress tainted by its aiding and abetting what Warren Buffet called an economic Pearl Harbor (not an apt analogy since we attacked ourselves this time) to be credible. It must come from the electorate and CEOs with the right values.

Outrage about what? About the self-absorbed rationalizing of those in charge at AIG, Lehman and others. AIG's partying and indulging in expensive luxuries just after receiving a bailout from their own mismanagement of risk gives new meaning to F*ck-You Money -- it used to mean having the wherewithal to protect yourself against abusive employers. And it continues with the most recent hunting trip abroad.

Now Fuck-You Money means treating the taxpayers' money and the shareholders' money as yours to burn and rebuffing any criticism.

My clients and friends who are CEOs are embarrassed to admit their titles.