AIG
 

Why the fuck are we still pumping money into that sucking black hole? grrrrrrr :mad:

Is anyone else upset about that?

I was pretty amazed to see their 4th quarter figures - a loss of $99 BILLION (I guess that is in Aussie Dollars, so ... $62 BILLION then).

Seriously, how the #$%* did you manage that?

ETA:

Allowing 20 working days per month, this means the peeps at AIG lost $1,000,000,000 per day for three straight months.

No, really, how the #$%* did they manage that???

Why? Because someone is sucking someone else's U-Know-What.

I find it disconcerting that we will do THIS but not help out our neighbor. I guess some people believe AIG is more worthy somehow.

I say shoot them all and let God sort 'em out. Let's begin with Madoff and follow up with the heads of the Big Three.

I was at work today, talking to filthy assistant:

:mad2:

I will NEVER, as long as I live, vote democrat again. I will not vote GOP. I WILL FUCKING VOTE FOR HAROLD STASSEN BECAUSE HE'S DEAD AND CAN'T DO ANY HARM (and it's his turn) AND THEN I WILL STRONGLY CONSIDER TAKING A CRAP IN THE BALLOT BOX!

UNNNNNNNNNNNNNNNNNNNNNNNNNNNG!

TGRR,
Mildly upset.

But he voted for Obama - ACORN registered him :eyebrow:

He was provoked.

But seriously. He gave the SAME election speech for 48 YEARS. Let's give him a shot. We can just prop him up in the Oval Office and send guy in with a shop-vac once a week to clean up the gooey bits. He'd be the perfect president. Quiet, constitutional, and only makes a mess about 3' across.

TGRR,
Unappreciated Political GENIUS.

I voted for Ralph Nader 3 times... :D

Thanks for electing Bush!

At the time I thought it was more important to vote my heart, morally and ethically. I was of the opinion that maybe things needed to get really bad before we could change the system. Maybe now we will find out, because things are really, really bad.

I have always thought that, if people would vote for who they really believed was the best candidate, instead of voting for the lesser of two evils, we could change the system. But people are too afraid to vote outside of the two party system. And that is sad.

lol

About AIG, they lost about a million dollars A MINUTE in the last quarter. Again, why the fuck are we giving them more money? Shouldn't we just take over the damn thing and fire all the people at the top? Shouldn't we be PROSECUTING people? grrrr.

Politics is the art of the possible, and political realities are still realities. Expecting the people to act in their own best interests is the fundamental flaw with communism and laissez faire capitalism. It does not allow for pack mentality and perversity (ie, the tendency to do something definitely NOT in your own self interest).

We should be EATING people. Or at least tar and feathering them.

The money that showed up as lost in the last quarter, was actually lost a year or more ago.

The reason they are propping AIG up is that if it goes down the loses they will continue to report would transfer to dozens, maybe hundreds of institutions and many of them would go down.

The total loss numbers won't change whether it's one or a bunch of institutions, but public perception which is important to recovery, is less damaged with a smaller number of failures.

If they were serious about solving the financial crisis, they would stop dicking around and just nationalize the thing already. Oh, and then they'd be working to put safeguards in place to make sure they were not just dropping money into a black hole of debt.

But nooooo, Geithner and Larry Summers know better! I mean, just look at Lithuania, Summers managed to double the suicide rate and nearly cause the country to vote the Communists back into power with his financial genius. What could possibly go wrong?