Originally Posted by TGRR (Post 546752)

Sorry. Did I just laugh at you out loud?

Originally Posted by classicman (Post 546757)

Probably, but only your imaginary friends were around to hear it.

Originally Posted by DanaC (Post 546006)

Yeah...that's really interesting, Merc, but we were discussing AIG...

Originally Posted by Redux (Post 546011)

I would suggest you are ignoring history if you ignore the role of Frank's republican predecessor, Michael Oxley, as chairman of the House Financial Services Committee for six years...particularly the unintended (?) consequences of SOX (Sarbanes-Oxley Public Accounting Reform Act).

As well as the impact of the repeal of the Glass-Steagall Act by Clinton and the Republican Congress that torn down the wall between commercial and investment banking.

And Chris Cox, the Bush appointed chairman of the SEC who failed in holding the SEC to its independent oversight role.

There is plenty of blame to go around.

Originally Posted by classicman (Post 546749)

Twist it however you like.

Originally Posted by TheMercenary (Post 546858)

AIG is directly linked to the whole crisis.

Originally Posted by classicman (Post 546481)

Yup - Remember that conversation Bush and Obama had just after the election? The one where the tarp money HAD to be released so that the world didn't crumble? Hmm, now they are blaming him for this too. Interesting.

I've also seen a whole lot of Barney Frank on all the cable news talking tough and playin politics. Not one question from any of the anchors about his position and what he was doing to prevent this type of thing from happening.
Anyone see where all the AIG donations went over the last few years? Chris Dodd was #1 on the list. Did he jump up to give that money back? Did any of them? They're FULL OF SHIT.

Even if they got AIG to pay back the bonus money, its coming from taxpayer money anyway. They're gonna pay you back with YOUR money - feel better now? WTFFF JFC GDMFPOS

Originally Posted by classicman (Post 546751)

Quote:
Here’s the problem with all the hoopla over the $135 million in AIG bonuses: This sum is only less than 0.1% – one thousandth – of the $183 BILLION that the U.S. Treasury gave to AIG as a "pass-through" to its counterparties. This sum, over a thousand times the magnitude of the bonuses on which public attention is conveniently being focused by Wall Street promoters, did not stay with AIG. For over six months, the public media and Congressmen have been trying to find out just where this money DID go. Bloomberg brought a lawsuit to find out. Only to be met with a wall of silence.

Originally Posted by classicman (Post 546757)

Probably, but only your imaginary friends were around to hear it. Did they laugh along with you?

Originally Posted by classicman (Post 546757)

Hey what are you doing here anyway? Have you secured all the concrete yet?
Get going, You got work to do.

Originally Posted by TheMercenary (Post 546860)

TGRR Master Twister. :D

Originally Posted by classicman (Post 547080)

So, since these compensation packages are so common in this industry, when are all the other banks that got money gonna fess up?

Originally Posted by sugarpop (Post 546989)

IMHO, all those people who make boatloads of money unethically, by speculating, artificially inflating and deflating prices, playing with people's lives by controlling markets, I really do wish harm on those people. I wish they would all go to prison for the rest of their lives. and yes, I include politicians in there as well, when they've done things that have allowed this happen.