AIG - Page 10

classicman · 03-18-2009, 10:46 PM

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

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

Shawnee123 · 03-19-2009, 07:53 AM

Quote:

Originally Posted by TGRR

Sorry. Did I just laugh at you out loud?

Quote:

Originally Posted by classicman

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

If TGRR laughs in the woods...

TheMercenary · 03-19-2009, 10:19 AM

Quote:

Originally Posted by DanaC

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

AIG is directly linked to the whole crisis.

TheMercenary · 03-19-2009, 10:20 AM

Quote:

Originally Posted by Redux

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.

I don't ignore them. I am talking about the person who is on the headlines trying to deflect his own responsibility.

TheMercenary · 03-19-2009, 10:21 AM

Quote:

Originally Posted by classicman

Twist it however you like.

TGRR Master Twister.

DanaC · 03-19-2009, 02:12 PM

Quote:

Originally Posted by TheMercenary

AIG is directly linked to the whole crisis.

I was making fun of the typo:P

TheMercenary · 03-19-2009, 02:24 PM

Oh, I missed it.

good one.

sugarpop · 03-19-2009, 04:50 PM

Quote:

Originally Posted by classicman

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

Chris Dodd is the one who changed the part of the legislation that would have prevented this. He really should resign or not run for reelection after this. Shame on him. He was on TV last night trying to justify his actions.

classic, the original AIG bailout wasn't part of the TARP. As for the Tarp, when Bush originally was trying to get it passed, it was 3 pages long. They (Congress) rewrote it so it was much longer, and it actually DID have stuff in there about excessive pay, bonuses and golden parachutes, but they somehow secretly overrode that part after the fact. Maybe that is part of what Chris Dodd changed? I don't know. I looked for the bill, but I'm having trouble finding the original one.

I did find this about AIG though...
http://seekingalpha.com/article/1235...saga-in-review

sugarpop · 03-19-2009, 04:53 PM

d'oh, sorry, didn't read far enough to see someone already posted that.

sugarpop · 03-19-2009, 05:04 PM

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Originally Posted by classicman

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.

Thanks classic for posting that. I WAS really hoping that this whole fiasco would cause new rules and laws about Wall Street, and maybe even rework compensation for the majority of the people in this country, so everyone makes a decent, living wage, and a few people at the top don't get SO filthy rich. You know, maybe narrow the gap some. I fear now though that it may not happen.

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.

TGRR · 03-19-2009, 06:28 PM

Quote:

Originally Posted by classicman

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

You're just jealous 'cause the voices talk to me.

Quote:

Originally Posted by classicman

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

Sorry, I'm holding out for that new labor bill.

TGRR · 03-19-2009, 06:28 PM

Quote:

Originally Posted by TheMercenary

TGRR Master Twister.

It's mine, and I can twist it if I want to.

classicman · 03-19-2009, 08:40 PM

A very liberal friend of mine is telling me he thinks this whole thing, the outrage over the bonus deals, is nothing but a cover to distract us from the billions being funneled to foreign banks through AIG. I all but fell off my chair hearing him talk like that.

So, since these compensation packages are so common in this industry, when are all the other banks that got money gonna fess up?
Maybe they're all makin backroom deals now to cover it up. hmm Damn wacko extremist conspiracy theorists.

TGRR · 03-19-2009, 08:56 PM

Quote:

Originally Posted by classicman

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

Already happening.

I have a link, if you want it. It'll piss you off plenty.

piercehawkeye45 · 03-19-2009, 09:17 PM

Quote:

Originally Posted by sugarpop

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.

*rolls out guillotine*

I'll bring it back in thirty years when the next wave of smarter corrupt businessmen/politicians fuck up.

03-18-2009, 10:46 PM	#136
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	Probably, but only your imaginary friends were around to hear it. Did they laugh along with you? Hey what are you doing here anyway? Have you secured all the concrete yet? Get going, You got work to do. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

03-19-2009, 02:24 PM	#142
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	Oh, I missed it. good one. __________________ Anyone but the this most fuked up President in History in 2012!

03-19-2009, 08:40 PM	#148
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	A very liberal friend of mine is telling me he thinks this whole thing, the outrage over the bonus deals, is nothing but a cover to distract us from the billions being funneled to foreign banks through AIG. I all but fell off my chair hearing him talk like that. So, since these compensation packages are so common in this industry, when are all the other banks that got money gonna fess up? Maybe they're all makin backroom deals now to cover it up. hmm Damn wacko extremist conspiracy theorists. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

03-19-2009, 04:53 PM	#144
sugarpop Professor Join Date: Nov 2008 Location: the edge of the abyss Posts: 1,947	d'oh, sorry, didn't read far enough to see someone already posted that.

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