Page 3 of 4 FirstFirst 1234 LastLast
Results 21 to 30 of 31

Thread: US Treasury to reclaim AIG cash

  1. #21
    Banned
    Join Date
    Feb 2006
    Location
    Tiamat's better half
    Last Seen
    10-28-11 @ 01:41 AM
    Gender
    Lean
    Conservative
    Posts
    15,998

    Re: US Treasury to reclaim AIG cash

    Quote Originally Posted by BWG View Post
    Maybe if the "rich" did the responsible thing, they wouldn't be so "hated".
    I just think folks would be better off targeting their anger where it belongs rather than allowing themselves to be led. This bailout is absolutely INSANE. Who is responsible for that? This AIG bonus crap is nothing compared to the insanity of the bailout in general. Also, if you can't believe that AIG used the monies for bailouts should you be mad at AIG who stipulated they would do so before the bailout or mad at Obama and every single other supporter of the bailout who didn't give a crap about the bonuses till the rest of us tards got wind of it? And now they go on tv and PRETEND to be all outraged and all you people get all riled up at AIG.

    AIG is not who I'm mad at. There are maddening things about the whole AIG business for sure. But it is our government that positively disgusts and scares the **** out of me. Anybody who voted for this bailout who is now parading around on tv acting like they can't believe this AIG nonsense is either a god damn liar or an absolute complete dumbass who has no business representing is.

  2. #22
    Enemy Combatant
    Kandahar's Avatar
    Join Date
    Jul 2005
    Location
    Washington, DC
    Last Seen
    10-15-13 @ 08:47 PM
    Gender
    Lean
    Liberal
    Posts
    20,688

    Re: US Treasury to reclaim AIG cash

    Quote Originally Posted by Kandahar View Post

    If they are nationalized, then all of the institutions to whom they owe money (including many banks already being propped up by the government or teetering on the brink of bankruptcy) would have those accounts receivable completely wiped out.

    This, in turn, would cause many of them to go belly-up (unless the government bailed THEM out again...but I assume you don't want that). Then all of the institutions to whom THEY owe money would have those accounts receivable completely wiped out. Wash, rinse, repeat.

    Our financial system is far too complex and interdependent to handle a major blow like this. If major institutions like AIG go under, it could very plausibly create a financial tsunami that could literally bankrupt the entire world. Think of the aftermath from Lehman Brothers going under...and Lehman was a lot smaller than AIG.
    Sorry, I meant "If they are allowed to go bankrupt." Nationalization is the only logical course of action for AIG.
    Are you coming to bed?
    I can't. This is important.
    What?
    Someone is WRONG on the internet! -XKCD

  3. #23
    Pragmatist
    SouthernDemocrat's Avatar
    Join Date
    Jun 2005
    Location
    KC
    Last Seen
    Today @ 02:12 PM
    Gender
    Lean
    Moderate
    Posts
    17,400

    Re: US Treasury to reclaim AIG cash

    Quote Originally Posted by talloulou View Post
    What I love is the feigned outrage by Obama and politicians. As if they didn't know.

    "These bonuses are just shocking..." yeah right.

    Whatever the government shouldn't be taking over AIG. I'd rather they fail then be nationalized.
    Yes, thats a wonderful idea. From the WSJ:

    The impact on Wall Street could be significant, as many financial institutions in the U.S., Europe and Asia bought credit default swaps from AIG tied to corporate debt and mortgage securities. These firms are counting on AIG to compensate them if the underlying assets default or decline in value. If AIG itself defaults or has trouble meeting its obligations, those market players may have to take write-downs or losses
    Crisis on Wall Street : Questions and Answers on AIG

    Do you understand the economic implications if this were to happen? We cannot let them fail.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

  4. #24
    Banned
    Join Date
    Jan 2006
    Location
    United States
    Last Seen
    01-21-16 @ 12:21 PM
    Gender
    Lean
    Independent
    Posts
    51,124

    Re: US Treasury to reclaim AIG cash

    Quote Originally Posted by SouthernDemocrat View Post
    Yes, thats a wonderful idea. From the WSJ:



    Crisis on Wall Street : Questions and Answers on AIG

    Do you understand the economic implications if this were to happen? We cannot let them fail.
    You're missing the point entirely.

    If it's decided that they need to be loaned the money, fine.

    When politicians drum up a bunch of hype because 0.01% of the loaned money is going to contractual payroll, clearly we can see that this is nothing more than a class envy stunt.

    Divide and concur.

  5. #25
    Guru

    Join Date
    Jun 2006
    Last Seen
    05-13-11 @ 09:01 PM
    Gender
    Lean
    Independent
    Posts
    4,075
    Blog Entries
    3

    Re: US Treasury to reclaim AIG cash

    IMO the entire problem boils down to a lack of due diligence by Geithner while he was heading up the NY Federal Reserve.
    It was they that gave AIG the initial bail out.
    He should have had his staff run due diligence.
    Certainly he should take responsibility for the lack of due diligence being carried out.
    Had due diligence been carried out they should have discovered that retention Bonus's were due to be paid.

    It is to be hoped that those responsible for the Financial melt down within AIG FB Division are investigated and where fraud is found and can be proven to have taken place for them to be prosecuted.

    Whether this will occur is questionable.
    And now I read that both Fanny Mae as well as Feddy mac are going the same way with retention bonus's.
    But folks you do need to remember one phrase
    "Change we CAN believe in"
    Yeah right.

  6. #26
    Professor
    WillRockwell's Avatar
    Join Date
    Jan 2009
    Last Seen
    07-10-10 @ 09:48 AM
    Gender
    Lean
    Undisclosed
    Posts
    1,950

    Re: US Treasury to reclaim AIG cash

    Quote Originally Posted by Jerry View Post
    You're missing the point entirely.

    If it's decided that they need to be loaned the money, fine.

    When politicians drum up a bunch of hype because 0.01% of the loaned money is going to contractual payroll, clearly we can see that this is nothing more than a class envy stunt.

    Divide and concur.
    It's one thing if the self-proclaimed Masters of the Universe award themselves bonuses out of money stolen from investors, quite another if that money comes from taxpayers. No matter how small $140 million may seem to you, it came from the pockets of hard working people, and should not be handed out as if it was monopoly money.

  7. #27
    Banned
    Join Date
    Jan 2006
    Location
    United States
    Last Seen
    01-21-16 @ 12:21 PM
    Gender
    Lean
    Independent
    Posts
    51,124

    Re: US Treasury to reclaim AIG cash

    Quote Originally Posted by WillRockwell View Post
    It's one thing if the self-proclaimed Masters of the Universe award themselves bonuses out of money stolen from investors, quite another if that money comes from taxpayers. No matter how small $140 million may seem to you, it came from the pockets of hard working people, and should not be handed out as if it was monopoly money.
    I think you missed the part where there $140Mil is pre-existing payroll.

    I seems that you also missed the part were this money is going to people who are being laid off.

    This is nothing more than class warfare.

    I pray you can find the strength to rise above it.

  8. #28
    Banned
    Join Date
    Feb 2006
    Location
    Tiamat's better half
    Last Seen
    10-28-11 @ 01:41 AM
    Gender
    Lean
    Conservative
    Posts
    15,998

    Re: US Treasury to reclaim AIG cash

    Quote Originally Posted by SouthernDemocrat View Post
    Yes, thats a wonderful idea. From the WSJ:



    Crisis on Wall Street : Questions and Answers on AIG

    Do you understand the economic implications if this were to happen? We cannot let them fail.
    Right now I'm far more concerned with the implications of a world bank and a congress ready and willing to sell us down the river to the banking elite in general. Banking elitist who manipulate the markets for their own benefit. Oh yes we mustn't let AIG fail. Better to quickly quickly sell our souls, our future, our ideals, and American way of life to these elitist masterminds who promise to be our saviors. God help us all. And the only thing standing between us and the banking elites are freaks like Barney Frank, Nancy Pelosi, Maxine Waters, and the distracting cult of personality puppet Obama.

    I don't give a crap about the AIG bonuses. I'm too freaked out by the entire situation to focus on some insignificant piece of the equation.
    Last edited by talloulou; 03-18-09 at 09:32 PM.

  9. #29
    Sexual Deviant
    GottaHurt's Avatar
    Join Date
    Jun 2005
    Location
    Florida
    Last Seen
    05-07-09 @ 04:58 PM
    Gender
    Lean
    Slightly Conservative
    Posts
    2,899

    Re: US Treasury to reclaim AIG cash

    Quote Originally Posted by jfuh View Post
    These "executives" whom created the fraud should be jailed.
    When you claim to have something you don't have and then sell it to a consumer, that's called fraud. I'm surprised the gov isn't persuing criminal charges on AIG employees.
    What fraud? Criminal charges? For what? What laws have been broken?

    None.

    They are in business to make money. The followed the laws that let them behave in this manner. The laws written by our elected officials.

    US Treasury to reclaim AIG cash?

    Not.

    Dodd just confessed that he put language into the "stimulus" package allowing the bonuses.
    Pain can be such a beautiful thing

  10. #30
    Banned cascadian's Avatar
    Join Date
    Apr 2006
    Location
    In ur threads refuting ur arguments
    Last Seen
    10-28-09 @ 11:52 PM
    Gender
    Lean
    Undisclosed
    Posts
    1,102

    Re: US Treasury to reclaim AIG cash

    Quote Originally Posted by Jerry View Post
    When politicians drum up a bunch of hype because 0.01% of the loaned money is going to contractual payroll, clearly we can see that this is nothing more than a class envy stunt.
    Odd to see FOX news and Republicans on the class envy bandwagon.

    I don't think the Republican spin has congealed on this yet.

Page 3 of 4 FirstFirst 1234 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •