Organizing for America | jean pierres bassey's Blog: Open letter to President Obama

Open letter to President Obama

By jean pierres101% OBAMA - Mar 26th, 2009 at 11:13 am EDT

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Subject: Nationalize AIG to evade skeletons in our cupboards Dear Mr. President Obama,I am deeply perturbed by the turn of events at AIG that warrants my comments on their unthankful nature and rogue attitudes towards your office. In addition, I wish to offer some insights to counter crisis and evade the insurance giant from total bankruptcy. I.e.1. Audit AIG in order to strengthen its performances and competitiveness to cope with the world’s markets.2. To our disarray, current AIG executives’ or leadership displayed gross inefficiencies and ignorance of the economics of management strategies as a result of the reduction in the level of business coursed enormous prejudices. Appointing new leadership to overhaul and restructure AIG to boost the overall effectiveness of the company in the local market will be salutary.3. Cancel with immediate effect bonus packages by instituting company regular performance appraisal under White House supervision in order to increase AIG volume of activities.4. To avoid further financial mismanagement, White House must grill AIG executives’ in-charge to declare ghost staffs strength, money laundering practices that accounted to the company’s financial woes.5. All efforts must be made to put in place effective internal control mechanism to minimize risks for the risk AIG pose is at epidemic proportions attributable to AIG executives’ astronomical spending habits.6. Bonus recipients who fail to comply to White House calls to refund their loots must be ousted from the helms of affairs and frozen their assets as they constitutes the many solely responsible for the high overhead cost of AIG. To redirect AIG to profitability, we must realize that a stitch in time saves nine. These lunatics must face justice for the scope of these enormous prejudices subdue growth, demonstrates no respect at all for human dignity. AIG executives’ and other bailed out entities must be made to understand the enormities of their distasteful behaviours in order to guarantee repayment of federal loans to support recovery plans.7. Paradoxical, AIG is at stand still. Further federal stimulus aid may prove to be not enough to salvage its dented image as absence of regulation on the Wall Street is in favour of spoliators to destroy valuable entities dragging them to mud. Your administration has a heavy legacy to bear and so many problems to tackle home and abroad. Review and advocate new financial regulations and reforms in banks, insurance companies, motor manufacturing companies etc in order to re-enforce better finance administration and fiscal governance. We support your policies which means henceforth we stand to refuse the abuse of our intellectual abilities by those who have chosen to stooge trading with our fundamental human rights for selfish ends (George W. Bush and cronies). Your administration ability to effect a rectification of these anomalies heaping miseries on the American people and the world at large will alleviate some degree of hardship and restore our human dignity.I assure you of my continued loyalty, Dear Mr. President Obama.Jean Pierres BasseyPresidentChange International (non governmental organization)P.o.box. 27 BP Abidjan 27Ivory Coast/West Africa

Tel.: 00225 08 28 80 46

e-mail: basseyjp@hotmail.com

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