AIG

sugarpop · 03-02-2009, 05:20 PM

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

Is anyone else upset about that?

ZenGum · 03-02-2009, 05:23 PM

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???

Trilby · 03-02-2009, 05:25 PM

Quote:

Originally Posted by sugarpop

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

Is anyone else upset about 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.

TGRR · 03-02-2009, 06:29 PM

Quote:

Originally Posted by sugarpop

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

Is anyone else upset about that?

I was at work today, talking to filthy assistant:

Quote:

TGRR: I'm gonna check the news.

FA: NO! DON'T DO IT!

TGRR: Why?

FA: Because you always lose your fucking mind and yell really loud.

TGRR: Bullshit. *clicks*

TGRR: OH, GAWDAMMIT! WHY DID I CLICK! FUCKFUCKFUCKFUCK!

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.

classicman · 03-02-2009, 06:41 PM

Quote:

Originally Posted by TGRR

I WILL FUCKING VOTE FOR HAROLD STASSEN BECAUSE HE'S DEAD AND CAN'T DO ANY HARM

But he voted for Obama - ACORN registered him

TGRR · 03-02-2009, 06:47 PM

Quote:

Originally Posted by classicman

But he voted for Obama - ACORN registered him

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.

sugarpop · 03-02-2009, 08:08 PM

I voted for Ralph Nader 3 times...

TGRR · 03-02-2009, 09:11 PM

Quote:

Originally Posted by sugarpop

I voted for Ralph Nader 3 times...

Thanks for electing Bush!

sugarpop · 03-02-2009, 10:43 PM

Quote:

Originally Posted by TGRR

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.

classicman · 03-02-2009, 10:44 PM

lol

sugarpop · 03-02-2009, 10:46 PM

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.

TGRR · 03-02-2009, 10:57 PM

Quote:

Originally Posted by sugarpop

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.

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).

TGRR · 03-02-2009, 10:58 PM

Quote:

Originally Posted by sugarpop

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.

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

xoxoxoBruce · 03-03-2009, 02:02 AM

Quote:

Originally Posted by sugarpop

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.

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.

Kaliayev · 03-03-2009, 05:36 AM

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?

03-02-2009, 05:20 PM	#1
sugarpop Professor Join Date: Nov 2008 Location: the edge of the abyss Posts: 1,947	AIG Why the fuck are we still pumping money into that sucking black hole? grrrrrrr Is anyone else upset about that?

03-02-2009, 05:23 PM	#2
ZenGum Doctor Wtf Join Date: Oct 2007 Location: Badelaide, Baustralia Posts: 12,861	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??? __________________ Shut up and hug. MoreThanPretty, Nov 5, 2008. Just because I'm nominally polite, does not make me a pussy. Sundae Girl. Last edited by ZenGum; 03-02-2009 at 06:45 PM.

03-02-2009, 10:44 PM	#10
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	lol __________________ "like strapping a pillow on a bull in a china shop" Bullitt

03-02-2009, 08:08 PM	#7
sugarpop Professor Join Date: Nov 2008 Location: the edge of the abyss Posts: 1,947	I voted for Ralph Nader 3 times...

03-02-2009, 10:46 PM	#11
sugarpop Professor Join Date: Nov 2008 Location: the edge of the abyss Posts: 1,947	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.

03-03-2009, 05:36 AM	#15
Kaliayev Magnificent Bastard Join Date: Jan 2009 Posts: 216	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?

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