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Thread: A.I.G. Planning $165 Million in Bonuses After Huge Bailout

  1. #31
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    Re: A.I.G. Planning $165 Million in Bonuses After Huge Bailout

    Quote Originally Posted by TOJ View Post
    If you are still talking about AIG, you might want to check out who got the bonuses and the reason they were given.
    I'd love to. Got that information?
    No men are anywhere, and Im allowed to go in, because Im the owner of the pageant and therefore Im inspecting it, Trump said... Is everyone OK? You know, theyre standing there with no clothes. Is everybody OK? And you see these incredible looking women, and so I sort of get away with things like that.

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    Re: A.I.G. Planning $165 Million in Bonuses After Huge Bailout

    A.I.G. has also enabled backdoor bailouts.

    AIG: $90 Billion Bailout Funds Went To Foreign, Domestic Banks, Including Some Bailout Recipients
    Some of the biggest recipients of the AIG money were Goldman Sachs at $12.9 billion, and three European banks _ France's Societe Generale at $11.9 billion, Germany's Deutsche Bank at $11.8 billion, and Britain's Barclays PLC at $8.5 billion. Merrill Lynch, which also is undergoing federal scrutiny of its bonus plans, received $6.8 billion as of Dec. 31.
    All you have to do is replace the word "stimulus handout" with "nationalization bribe" and it all starts to make sense.
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    Re: A.I.G. Planning $165 Million in Bonuses After Huge Bailout

    Who wrote the tarpp bill? Who's fault is it?
    Let evil swiftly befall those who have wrongly condemned us

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    Re: A.I.G. Planning $165 Million in Bonuses After Huge Bailout

    Quote Originally Posted by Middleground View Post
    I'd love to. Got that information?
    Ever hear of Google?

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    Re: A.I.G. Planning $165 Million in Bonuses After Huge Bailout

    thank you AIG.... I just turned 200 into 369......
    Let evil swiftly befall those who have wrongly condemned us

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    Re: A.I.G. Planning $165 Million in Bonuses After Huge Bailout

    Quote Originally Posted by donsutherland1 View Post
    From today's edition of The New York Times

    http://www.nytimes.com/2009/03/15/business/15AIG.html

    Several points are in order:

    1. Without taxpayer money, AIG would be insolvent. The company lacked the funds to make the bonus payments. Under such circumstances, there typically are legal avenues to delay or reduce such payments.

    2. Even as it seems reluctant to do so, the federal government should take steps to claw back the money that amounts to a misappropriation of taxpayer funding.

    3. Mr. Liddy's argument about seeking to retain the "best and the brightest talent" fails on two grounds. First, in the deep recession, financial services jobs at all levels are disappearing. It is not very likely that most of those the payments are aimed at "retaining" would be likely to depart in the current environment. Second, it is highly questionable (to be kind) that the individuals who transformed the company into a giant hedge fund are anything close to the "best and the brightest talent" in the field unless "success" is measured by the size of the financial hole they created.

    4. A carving out of the company's viable insurance business and auctioning of it to a viable insurance company and orderly dissolution of all of the firm's non-viable operations remains preferable to continuing to feed taxpayer funds into the company, some of which are now being misappropriated.
    How amusing; Barney Franks (aka Sylvester on looney tunes), Obama and all the rest of the empty headed morons running the country wrote the legislation, passed the legislation and now whine about bonuses being paid to retain people and for performance.

    Let's do some math; $165 million divided by $150 billion equals .11%; aka ELEVEN TENTHS of a PERCENT people.

    This is a true Yawner unless you are trying to cover the incompetence of the current administrations wasting the public treasury on Government largess.

    My favorite Barnyism is his comment that they should fire all these managers. You just can't fabricate this level of stupidity folks. These are your LEADERS now.

    I just love watching the American people reap what they have sown. It is fascinating watching the patients running the asylum. I am feeling wealthier and safer every freaking moment.

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    Re: A.I.G. Planning $165 Million in Bonuses After Huge Bailout

    What a red herring this is.

    Notice how Obama has already pardoned the CEO he appointed. So now we're going after all CEOs except for government-appointed CEOs. Nice.

    This is a fabricated controversy designed to draw attention away from the tens of billions given to foreign banks.

    Had AIG not been given any money, problem solved. Right? Natural business selection would have resulted, and AIG's competitors would have benefitted. No bonuses would have been paid, and no foreign banks would have been funded.

    Most of those receiving bonuses are supposedly liberal proponents of Obama, too. I wonder how much "payback" is in this "stimulus"?

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    Re: A.I.G. Planning $165 Million in Bonuses After Huge Bailout

    Quote Originally Posted by Erod View Post
    What a red herring this is.

    Notice how Obama has already pardoned the CEO he appointed. So now we're going after all CEOs except for government-appointed CEOs. Nice.

    This is a fabricated controversy designed to draw attention away from the tens of billions given to foreign banks.

    Had AIG not been given any money, problem solved. Right? Natural business selection would have resulted, and AIG's competitors would have benefitted. No bonuses would have been paid, and no foreign banks would have been funded.

    Most of those receiving bonuses are supposedly liberal proponents of Obama, too. I wonder how much "payback" is in this "stimulus"?
    Now you are onto something; it is called the "truth."

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    Re: A.I.G. Planning $165 Million in Bonuses After Huge Bailout

    Quote Originally Posted by TOJ View Post
    Really? That your own personal opinion or do you have a source? .... thought so.
    You fail miserably.

    Care to provide a legal document which provides the avenue for the government to legally give failed corporations billions of taxpayer $'s for doing nothing other than failing?...thought so, as this would require a change in the constitution.

    Therefore, why would it be necessary to to find some legality in taking the money back?

    Secondly, I did not understand your other comment about how if martial law (marshall law applied in Europe post-WWII) is being applied it wouldn't affect you. Either you do not pay taxes, as then some legal argument which would prevent the US govt from getting US taxmoney back wouldn't matter to you, or you don't live in the US and martial law wouldn't affect you. Of course, martial law isn't even on the radar (don't let that stop you from using the phrase), and the only other possibilitry is that you are receiving a bonus from AIG and therefore feel good that the American taxpayer is being taken for a sucker, giving you millions of bucks and all. And if that is the case, Obama should rape you.
    down for you is up

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    Re: A.I.G. Planning $165 Million in Bonuses After Huge Bailout

    Quote Originally Posted by Truth Detector View Post
    How amusing; Barney Franks (aka Sylvester on looney tunes), Obama and all the rest of the empty headed morons running the country wrote the legislation, passed the legislation and now whine about bonuses being paid to retain people and for performance.

    Let's do some math; $165 million divided by $150 billion equals .11%; aka ELEVEN TENTHS of a PERCENT people.

    This is a true Yawner unless you are trying to cover the incompetence of the current administrations wasting the public treasury on Government largess.

    My favorite Barnyism is his comment that they should fire all these managers. You just can't fabricate this level of stupidity folks. These are your LEADERS now.

    I just love watching the American people reap what they have sown. It is fascinating watching the patients running the asylum. I am feeling wealthier and safer every freaking moment.
    It's not a yawner to us liberals. You see, unlike you free-spending conservatives throwing billions down the holes all over the world, we care about where the money our govt spends goes.

    When they agreed to take the billions of taxpayer dollars, they were doing so because failing to meet their obligations would have been a catastrophe on the world stage. However, they also need to confront the reality that without the bailout, all of these managers would be on the street as the company they were in charge of failed. Miserably.

    Now, we have had years of neo-cons running govt and throwing money down the toilet hole faster than we can print more of it. Whether it's tens of thousands of guns disappearing in Iraq or the act of invading that nation itself, more money has been squandered in the last 8 years then any other similar period in the history of the planet.

    So, please, I know this is going to be hard. But people, especially those running corporation which receive billions of taxpayer dollars, should be held accountable for every penny spent. Every single penny of taxpayer money should be spent on what they were not allocated for. As they were not given to allow these bonus's, they should be scrutinized. It's what a respectable government would do.

    Which, I know, is hard for a neo-con to understand.
    down for you is up

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