Incurring the wrath of the American public seems to be what the executives of large financial institutions do best these days. Bewildered by the reaction of Main Street to obscene cash bonuses funded by taxpayers, most of these clueless sociopaths shrug off the daily barbs and death threats as white noise. Few have bothered to explain themselves, claiming that taxpayers have no right to know what happens to the money siphoned out of their wallets by the government. One notable exception is Harwicke Mundheim of CitiGroup, who recently invited reporters up to his Manhattan townhouse in an effort to clear the air. “I know why you’re here, said Mundheim, as he led reporters on a tour of his $50 million digs. “You want to know how I get my money and what I do with it.” He paused by his art collection as the reporters gathered around. “How I make it is a no brainer, I just bundle up worthless pieces of crap like credit default swaps and give them exotic names, Enormo Cash Incentive Fund, for example. Then I get them insured by A.I.G. and sell them to groups like pension funds who buy them because they seem like AAA investments. What do I care if it all turns to shit later on, I’m guaranteed a gi-normous bonus no matter what.” Asked by a reporter from the Financial Times what he does with all that money, Mundheim patted a wall mounted sculpture of a huge solid gold penis. “This is representative of what I think about the scum down there on the sidewalk: they paid for it, now let ’em choke on it.”
Bank Exec Flaunts His Huge Bonus
