The Wonderful World of Leonard

Dear God,

I don't understand the uproar over AIG. They got bailout money from the Feds, and they gave it to their executives. So what?

As I prayed almost a year ago today, back in 2006 the Feds bailed out Entergy, giving them $200 million in federal Community Development Block Grant (CDBG)[Katrina relief] funding (via Louisiana) and $81 million in CDBG funds (via Mississippi). Roughly 9.7% of the disaster relief funds went into J. Wayne Leonard's very own, private pocket.


Like AIG, Entergy did not try to hide what it was doing. Fleecing taxpayers was as legal then as it is today. According to the website EntergyPayWatch.org, in Entergy's 2008 proxy statement, the Entergy board cited J. Wayne Leonard's ability to gain the Federal relief funds as one of the reasons he deserved such big bonuses--and a total compensation package in 2007 that works out to $100,721 per day, or $12,590 per hour.

The similiarities of Entergy then to AIG now couldn't be clearer.

Anyway, the big income stream for AIG in 2009 seems like it might be collecting fares for bus tours giving angry taxpayers glimpses of AIG executives' homes. Do you think we could generate income from tours of Mr. Leonard's castle? I hear it's a carousel of color--wonderful, wonderful color.

Let me know what you think, Lord. I'm so inspired by the idea, I feel a song coming on.

Amen,

Fake-Rob