AIG & Government Bail Outs

[lovejoy]

Call on the US Marshalls and FBI to immediately put the AIG senior executives on house arrest and require them to "cough up" all the bonus money and more !

 

[mrflexxx]

Call on the US Marshalls and FBI to immediately put the AIG senior executives on house arrest and require them to "cough up" all the bonus money and more !

The bonus situation is real tough pill to swallow, its contractual law.These exec's had contracts, they were signed before the bank received and gov money.
We cannot break the rules of the contracts just because of the principal that its not morally just. By the way many of the guy's who will receive the bonus money are no longer with the company, so the argument that AIG needs to give the bonuses to retain the best and brightest staff is null.
Its tough

 

[bodie54]

By the way many of the guy's who will receive the bonus money are no longer with the company, so the argument that AIG needs to give the bonuses to retain the best and brightest staff is null.
Its tough

The best and the brightest :rofl:
And they're losing how much money per day?
What a (sick) joke.

These fuckers are holding we taxpayers hostage. Fuck their contracts. They should consider themselves lucky not to be in prison.

 

[Psychology]

Capitalism will never change. These bastards can get all this money but my father, whose a firefighter, gets blasted out by the local newspapaer and news channels because he works overtime and "overtime is not needed in such an economic crisis" is the attitude of the local media here in my city. You fucking kidding me?

 

[PinkPanther21]

One of the great ironies is these Congressional moppets getting up on their high horses over the whole AIG thing when they're the ones that legislated that the whole credit default swap business would be un-regulated. Everyone was happy to make hay while the sun was shining and act like it somehow made sense for 100+ different investors to bet on the viability of a single bond that they didn't even own and that it made sense for AIG to sell insurance on the viability of a single bond to every one of the investors that wanted to bet on it, even though they didn't even own the bod - yeah, that wasn't risky at all, was it?

Now the whole Casino Capitalist endeavor has come crashing down like the house of cards it was and is threatening to wipe out a huge swath of the global credit market and they're shocked and outraged that these astrophysicists that designed these global trading systems are being paid the crazy amounts of money that they've been making for 15 years.

They all make me sick. They're a bunch of blow-hard hypocritical phony assholes.

 

[Psychology]

If the taxpayer owns most of AIG, why do we have no control over it?

 

[sidewinder101]

We started talking about this in another thread. I don't want to repeat everything I've said, so you can skim through this thread for my answer...

http://board.freeones.com/showthread.php?t=285241

Oh, and Chi Town kind of sucks right now. It's too hot and windy.

Thank you for the link.

 

[sidewinder101]

Insurance Companies are NOT in the Buisness of paying Claims. They are in the Buisness of collecting Premiums and keeping as much money as it can for their investors.

 

[sidewinder101]

Alex Jones says this is all Infowars.com

 

[don_equis]

Call on the US Marshalls and FBI to immediately put the AIG senior executives on house arrest and require them to "cough up" all the bonus money and more !

Did you bother to call your Congressmen and told them on two different ocassions to stop those bail outs? Call them now and tell them what a great job they did by voting for it, if they did vote for it

The bonus situation is real tough pill to swallow, its contractual law.These exec's had contracts, they were signed before the bank received and gov money.
We cannot break the rules of the contracts just because of the principal that its not morally just. By the way many of the guy's who will receive the bonus money are no longer with the company, so the argument that AIG needs to give the bonuses to retain the best and brightest staff is null.
Its tough

True! They are acting like they did not know anything about bonuses!

Capitalism will never change. These bastards can get all this money but my father, whose a firefighter, gets blasted out by the local newspapaer and news channels because he works overtime and "overtime is not needed in such an economic crisis" is the attitude of the local media here in my city. You fucking kidding me?

You should ask why did Congress just gave themselves a pay raise!


Look people some of us "told you so!" these bail outs were a bad idea, but when Bush slipped the first one and Congress worked over the weekend all I heard was that AIG was to big to fail. Now our present "fear mongering I just changed my mind, now it's a good time to buy shares" president Obama
who took on his "infomercial approve my stimulus bill" and once again Congress voted for it, with the exception of those dems and reps that voted agaisnt it. So our elected officials that are sooo intelligent and new that financial armaggeddon was looming if we did not passed these bail outs, now are claiming outrage and not knowing about these bonuses??

So now Obama wakes up and boy is he angry, how could these bastards slip those fast ones through the most high intelligent FDR/Lincoln/Kennedy president ever! Now everyone is mad? what do they think bussiness that get these tax payers money do with it? it's bussiness as usual, money get's invested money get's lost and honoring contracts.

Blame the media and yourselves if you all did not do your homework and knew were these bail out money was going to. I am just waiting to see when the Freddie Mac and Fannie Mae and other big banks outrage will be exposed by our soo smart media.

 

[don_equis]

If the taxpayer owns most of AIG, why do we have no control over it?

We own the goverment but we have no control over it!:rofl:

 

[mrhp1]

AIG, Bailouts, what a joke!! Get used to stuff like this, look who our president is. A media made, has done nothing, won the election by default idiot!! The guy talks like the world is ending and uses scare tactics just to get his plan passed, which caused the stock market to crash every time he open his giant trap!! Then his plan get passed and he says our economy is doing well and fundamentally strong. Didnt he slam McCain when he said that on the campaign?? Hypocrite and a Tool!!!

Dont ya love how so many of his administration picks have already resigned or are being pressured to resign. Look like Timothy Geithner is gonna be next after the lies he has been caught in. Way to pick your staff Obamba, great leadership skills!!!

So go ahead and bash Bush and live in the past if it makes ya feel better, i was not a fan of him either.:wave:

 

[om3ga]

The acting chief financial officer of struggling US mortgage giant Freddie Mac has been found dead after apparently killing himself, police say.

Fairfax County Police said there was no foul play suspected in the death of David Kellermann, found in his home 20km (13 miles) west of Washington DC.

The 41-year-old had worked for the company for 16 years and became chief financial officer in September.

Freddie Mac was bailed out by the US government last year.

Details:
US Freddie Mac chief found dead

 

[bustybbwlover]

sadly enough soldiers are not worth what corporations are to our government. people mean nothing next to money $$$$. along with our soldiers there's also our children (schools getting funding cut), our mentally ill (mental health funding cut), our college students (cut), etc, etc, etc...so basically next to our corporations 'nothing really matters anyone can see'

 

[DukeLaCrosse]

You know, I don't understand why we have bailouts!!???

I mean businesses fail, it's a fact of life!!
We're not gonna go bailout a mom-n-pop store are we?!?

to save the economy and keep more people from being laid off. we spend a billion dollars a month in Iraq. where's the outrage?

 

[Facetious]

Obama really should give back his $100,000 AIG campaign contribution.


grubby - greedy rich guy ! Who tf does he thinks he is ?

 

[Facetious]

Dont ya love how so many of his administration picks have already resigned or are being pressured to resign. Look like Timothy Geithner is gonna be next after the lies he has been caught in. Way to pick your staff Obamba, great leadership skills!!!

So go ahead and bash Bush and live in the past if it makes ya feel better, i was not a fan of him either.:wave:

Geithner Received $434,668 Severance Package From NY Federal Reserve Bank

WASHINGTON — Treasury Secretary Timothy Geithner is no Hank Paulson when it comes to his personal finances.

Geithner's financial disclosure filing released Tuesday showed he has assets valued at between $740,000 and $1.7 million. His biggest asset is partial ownership of vacation property on Cape Cod in Massachusetts valued between $250,000 and $500,000.

Former Treasury Secretary Henry Paulson, a 32-year veteran of investment firm Goldman Sachs, had an estimated net worth of more than $700 million when he joined the Bush administration in 2006.

To obey conflict of interest rules, Paulson agreed to sell over 3.2 million shares of stock in Goldman Sachs that were valued at more than $480 million in the summer of 2006.

... (From Huffing post)