AIG Outrage
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- TheBlueOne0
What do you expect from a Sagittarius....
- Point50
Only difference if McCain would have gotten elected is the allocation of the money to the friends, err corporations, that would have served his best interests
- ********0
Btw, I told you all that DrBombay could be my long lost younger brother!!! Here's DrB on the left and me on the right— Could be brothers or not?
- This is like a Star Trek episodeTheBlueOne
- DrBombay? If not brothers, cannot we be friends?********
- Btw, I used to love watching the original Star Trek episodes.********
- you look like me if I drank bleach for 3 years. :DDrBombay
- ********0
TBO, famous Sags. Do you admire any of these folks?
Kim Basinger
Kirk Douglas
Princess Masako
Kenneth Branagh
Christina Onassis
Frank Sinatra
Christie Clark
Dick Van Dyke
King George VI
Michael Owen
Nostradamus
Don Johnson
Jane Austen
Milla Jovovich
Brad Pitt
Christina Aguilera
Steven Spielberg
Alyssa Milano
Lesley Judd
GetRefresh- Nope.TheBlueOne
- Really? No admiration, whatsoever? You must then be a cyborg.********
- I admire no man.TheBlueOne
- only Milla and Alyssa for me. For obvious reasons.********
- TheBlueOne0
From the above article:
"There is a sub-plot here as well – a second story arc as the TV people would say – involving the U.S. government. Treasury Secretary Geithner didn’t know about these payments until last week, when the Federal Reserve notified him that round two of retention payments was due on the 15th of the month (apparently round one worth $55 million was paid out last December 15th). It appears that the Federal Reserve
seems to be heavily involved in the details of what goes on at AIG now that it is effectively owned and managed by the government, even though it is the Treasury that is the actual owner. This is probably due to the fact that the Treasury never, even under the best of circumstances, has the staff to understand and do the necessary oversight work, whereas the Fed does. But it also means that the Treasury, which has a direct link to the White House’s political arm, lacks the direct knowledge necessary to avoid political catastrophes like this one.........Buried in all these arguments is one in particular that AIG must have known is the Achilles heel of the Fed and the Treasury, and that is the claim that cross-default clauses will be triggered around the world if AIG fails to make these bonus payments on March 15th. Remember that it is a lawyer making these claims, not AIG, so they must therefore be serious and credible arguments. And what we have seen consistently from the U.S. throughout this financial crisis is avoidance at all costs of the possibility of massive derivatives contract defaults, which presumably would drag down one bank after another into receivership. Whether or not AIG management knew that this argument would be like poking at an abscessed tooth, the U.S. responded predictably – give these people what they want, and make the possibility of massive derivatives defaults go away."
- Key word: Cross-default causes. Meaning European banks go "boom". And then we really get into Depression 2.0TheBlueOne
- ********0
^ Scary!
- TheBlueOne0
"AIG paid 73 employees bonuses of more than $1 million, New York Attorney General Andrew Cuomo told Congress in a letter today. Cuomo wrote that 11 of the employees no longer work for the company. The largest bonus paid was $6.4 million."
http://www.cnn.com/2009/POLITICS…
Wow. Take the money and run fellas...this is turning into a clusterfuck for all involved.
- ********0
I picked the wrong profession.
- ********0
They all wiped their ass with a million dollar yearly bonus_
And to think that a 1/128th of that would make me happy right now.- amen to thatRamanisky2
- Kill Kill Kill The White Man********
- calcium0
I wish through all of this punk rock would have a revival. Instead they still sing about chicks they checked out in high school.
Luckily for United they are changing sponsors ey?
- And what did punk rock change the first time around?TheBlueOne
- I mean other than story fodder for episodes of "Quincy, MD"?TheBlueOne
- Damn. Gotta bring Quincy MD into it.calcium
- It won't change anything, but it would get me into some new tunes.calcium
- I recall the LSD punker episode of Quincy, where a kid jumps off a freeway bridge.DrBombay
- tv party!DrBombay
- http://www.youtube.c…TheBlueOne
- hahahhaDrBombay
- erikjonsson0
so how did people like this getrefresh end up on a design forum anyway?
- free speech?GeorgesII
- stumbled into the tar pit like the rest of us I suppose...TheBlueOne
- monNom0
THIS is why regulation needs to be enforced. How in the fuck could you allow AIG to become such a critical piece of the world's financial systems, without ANY capital behind it? Where are the lawsuits?
- DrBombay0
And there are still people saying regulation is not the answer...
- ..or denying that lack of it got us into this mess.TheBlueOne
- yup, generally they vote republican and repeat memes without reading.DrBombay
- we don't necessarily need new regs, we need ENFORCEMENT of current regs.monNom
- the law doesn't mean shit if nobody enforces it.monNom
- ********0
they are coming
- showpony0
obviously this is bullshit, but there is another side to it. i have a good friend who's a higher up, and you have to realize that the pool of people qualified to run, say, citi bank or aig is very, very small, and those that are, are usually already independently wealthy. these bonuses are bullshit from the outside, for sure, but they also have to have incentives for qualified people, no?
- no, hell no.********
- they fucked off the companies already though, right?DrBombay
- I mean if they were so good at their jobs would it have gotten to crisis mode?DrBombay
- i'm with ya, for sure. but google the search for a new citi bank ceo... no one will take the job for this very reason. like i said though, it's all bullshit.showpony
- no, hell no.
