I'm not normally into nationalizing companies, but these bastards won't learn any other way and it will send a clear message to the rest of the assholes on Wall Street...

http://blogs.wsj.com/washwire/2009/03/15/reactions-to-aig-bonuses-outrageous-angry/


...Enough lip service from the Administration. Time to send a message.

Republican Sen. Bob Corker of Tennessee said it’s important to determine whether the payments are legitimate commissions for financial products that brokers have sold, as opposed to executive bonuses. But, he added that financial institutions that take government money “have to play by a different set of rules.”

I've got news for Clueless Bob Corker. Lots of Americans made their sales targets in the 4th Quarter....AND ARE NOW UNEMPLOYED because their companies' management fucked up. Time for these bastards and AIG to be shown the door.

Nationalize the Bastards Wrote:
-------------------------------------------------------
> I'm not normally into nationalizing companies, but
> these bastards won't learn any other way and it
> will send a clear message to the rest of the
> assholes on Wall Street...
>
> http://blogs.wsj.com/washwire/2009/03/15/reactions
> -to-aig-bonuses-outrageous-angry/
>
>
> ...Enough lip service from the Administration.
> Time to send a message.

The shareholders should be outraged.

Nationalize the Bastards Wrote:
-------------------------------------------------------
> I'm not normally into nationalizing companies, but
> these bastards won't learn any other way and it
> will send a clear message to the rest of the
> assholes on Wall Street...
>
> http://blogs.wsj.com/washwire/2009/03/15/reactions
> -to-aig-bonuses-outrageous-angry/
>
>
> ...Enough lip service from the Administration.
> Time to send a message.

yea great idea... give the federal government even more power than it has now.. The problems isnt these companies, the problem is our fucking government has cut regulation at every turn, and looked the other way at these companies as they bleed us dry. What the government SHOULD do is let all of these companies fail, then new companies will take their place. That is capitalism, its natural selection of the business world. There are only a handful of things i believe the government should be used for they include ; National defense, road construction, and regulating business.

\



Edited 1 time(s). Last edit at 02/26/2012 12:55PM by Alias.

asshat Wrote:
-------------------------------------------------------

>
> yea great idea... give the federal government even
> more power than it has now.. The problems isnt
> these companies, the problem is our fucking
> government has cut regulation at every turn, and
> looked the other way at these companies as they
> bleed us dry. What the government SHOULD do is let
> all of these companies fail, then new companies
> will take their place.

Virtually every pension fund in the U.S. and in much of the world is insured through AIG. If AIG goes under, expect to see pension funds begin defaulting to the tune of close to $19 trillion. It would make the Great Depression look like a hiccup.

I share the outrage, but I don't get why the public is mad at spending tax dollars to reward failure at AIG, but NOT mad when tax dollars are spent to reward failure with financially irresponsible homeowners. How about we let ALL failures stay penalized?

pgens Wrote:
-------------------------------------------------------
> I share the outrage, but I don't get why the
> public is mad at spending tax dollars to reward
> failure at AIG, but NOT mad when tax dollars are
> spent to reward failure with financially
> irresponsible homeowners. How about we let ALL
> failures stay penalized?


I agree. As I have said on here before, throwing a weak lifeline to a small percentage of homeowners in trouble isn't the way to deal with the housing crisis. It is time for an RTC-model, similar to what was used during the S&L bailout and Great Depression. Get the foreclosed properties off the market until the market starts to right itself and recover.

I was outraged to read about a recent real estate auction in the DC-area. A house that had been foreclosed on was put on the auction block for $400K. The bidding went down to about $200K. There was a gentleman there who wanted to buy the house for his residence. Instead, the bank that held the original note on the house outbid the guy. In the end, the bank ended up spending another $230K to end up with the same house on its books that it just lost $400K on.

I have seen similar things...troubled banks outbidding individuals, resulting in the properties remaining on the books of banks. What's the purpose of this? To drive up the price? Is there some benefit banks are getting by holding these properties on their books? Fees, maybe??

Something needs to be done to stop this kind of behavior or we will never dig ourselves out of this hole.

http://www.villagevoice.com/2009-01-28/news/what-cooked-the-world-s-economy

opinions anyone.

It hit the nail right on the head.

give the execs some time in some pillories to reconsider giving out such bonuses.

http://www.medievality.com/pillory.html


"the wisdom of the wise will perish, the intelligence of the intelligent will vanish."
Attachments:

If things keep going the way they are going, I'll be eating this fucker pretty soon....

WashingTone Locian Wrote:
-------------------------------------------------------
> If things keep going the way they are going, I'll
> be eating this fucker pretty soon....


"the wisdom of the wise will perish, the intelligence of the intelligent will vanish."

This is a fucking joke....

Politicians and the public spent yesterday demanding that AIG rescind payouts that they said rewarded recklessness and greed at a company being bailed out with $170 billion in taxpayer funds. But company officials contend that the uproar is scaring away the very employees who understand AIG Financial Products' complex trades and who are trying to dismantle the division before it further endangers the world's economy.


These people don't understand these fucking products! If they did, AIG wouldn't be insolvent!!

Here's an idea, and the Feds could do it without breaking any contracts and could also to it retroactively.

If a company receives Federal money and gives bonuses, those receiving the bonuses will be subjected to a rigorous IRS Audit.

Thank Kris Dodd for much of this. Funny how his name and Skhumer's name keep coming up as legislators who have built the laws that we are now paying for. They enabled subprime, and now they are skrambling to undo the damage of guaranteeing bonuses for those who have bribed them in the past.

Watch where the money is going, these roaches go scurrying quick when their korruption is exposed to the daylight of truth.

http://www.foxbusiness.com/story/markets/industries/finance/dodd-cracks-aig---time/

"While the Senate constructed the $787 billion stimulus last month, Dodd unexpectedly added an executive-compensation restriction to the bill. That amendment provides an “exception for contractually obligated bonuses agreed on before Feb. 11, 2009"

"Sen. Dodd was AIG’s largest single recipient of campaign donations during the 2008 election cycle with $103,100, according to opensecrets.org."



Edited 1 time(s). Last edit at 03/17/2009 12:01PM by conVince.

And AIG is not the end of it.

http://biz.yahoo.com/ap/090317/aig_outrage.html?.v=10

"Earlier this month, Sen. Robert Menendez, D-N.J., a member of the Senate banking committee, sent a letter to Geithner urging him to investigate bonuses reportedly planned by Morgan Stanley and Citigroup's Smith Barney as well as deferred guaranteed bonuses being considered by Bank of America.

Morgan Stanley's joint brokerage venture with Citigroup was reportedly planning to pay its brokers up to $3 billion in retention bonuses to keep them from jumping to other firms."

>>> to keep them from jumping to other firms.


Is the job market for derivatives brokers really booming right now, so much that these companies are majorly concerned about staff retention??

I mean really ... who the hell would be hiring all these people?

TheMeeper Wrote:
-------------------------------------------------------
> >>> to keep them from jumping to other firms.
>
>
> Is the job market for derivatives brokers really
> booming right now, so much that these companies
> are majorly concerned about staff retention??
>
> I mean really ... who the hell would be hiring all
> these people?


It's like the other argument, "We have to work with these people because these derivatives are so complex, only they understand them."

Uhhhh...apparently NOT since AIG issue a whole bunch of credit default swaps on them thinking they were AAA investments. I really doubt the people at AIG understand this shit at all because there is nothing to understand. It is a bunch of junk.

TheMeeper Wrote:
-------------------------------------------------------
> >>> to keep them from jumping to other firms.
>
>
> Is the job market for derivatives brokers really
> booming right now, so much that these companies
> are majorly concerned about staff retention??
>
> I mean really ... who the hell would be hiring all
> these people?


Well, that argument seems to have gone out the window....since many of these bastards left as soon as they got their "bonuses."


http://www.cnn.com/2009/POLITICS/03/17/aig.bonuses/index.html


Tax the bastards!

Maurice "Hank" Greenberg, who was instrumental in building what is now probably the world's most reviled corporation, AIG. He resigned as chairman and CEO in 2005, but still it is logical to assume that few people knew more about the company than Greenberg. He kept much of his net worth in AIG stock. He's now lost much of that worth.

Or take Richard Fuld. He is the former chairman of Lehman Brothers, which, as we all know, is no more. He lost about $1 billion.

Or take Citigroup's former chairman, Sanford Weill. He lost about $500 million.

Or take all the good people at Bear Stearns, the company Cramer adored almost to the bitter end. They went down with their stock.

If these people kept their money in these companies -- financial and insurance giants they had built and knew from the inside -- how was even Jim Cramer to know these firms were essentially hollow?

I give you one other name: Richard Cohen. He who writes this column had some of his (extremely) hard-earned retirement funds in AIG stock. This was because I was a cautious investor, and what could be safer than an insurance behemoth? Who knew that in faraway London, a division of AIG was fooling around in stuff that virtually cratered the whole company? Not my broker. Not me. Not even Greenberg.
http://www.washingtonpost.com/wp-dyn/content/article/2009/03/16/AR2009031602319.html?hpid=opinionsbox1

ferfux Wrote:
-------------------------------------------------------
> Maurice "Hank" Greenberg, who was instrumental in
> building what is now probably the world's most
> reviled corporation, AIG.


I don't know what is more offensive about Greenberg. The fact that he is such a douchebag. Or the fact that he is a douchebag who borrowed his nickname from a great American...

http://en.wikipedia.org/wiki/Hank_Greenberg

I dont think it's so much a time to nationalize them as it is to break them and every other bank "to big to fail" into smaller banks that can compete against each other. This was the answer for Stahdard Oil of Ohio and Ma Bell.

Vince(1) Wrote:
-------------------------------------------------------
> I dont think it's so much a time to nationalize
> them as it is to break them and every other bank
> "to big to fail" into smaller banks that can
> compete against each other. This was the answer
> for Stahdard Oil of Ohio and Ma Bell.

you mean like cable companies and their non-compete agreements?


"the wisdom of the wise will perish, the intelligence of the intelligent will vanish."

Really. The only place swap traders can go these days are hedge funds where there are no regulations or exec. comp. convenants. I predict that at this rate, all of Wall St. will eventually up-and-move to Zurich or Luxembourg where there is little transparency and the laws tend to favor banks.

WashingTone Locian Wrote:
-------------------------------------------------------
> TheMeeper Wrote:
> --------------------------------------------------
> -----
> > >>> to keep them from jumping to other firms.
> >
> >
> > Is the job market for derivatives brokers
> really
> > booming right now, so much that these companies
> > are majorly concerned about staff retention??
> >
> > I mean really ... who the hell would be hiring
> all
> > these people?
>
>
> Well, that argument seems to have gone out the
> window....since many of these bastards left as
> soon as they got their "bonuses."
>
>
> http://www.cnn.com/2009/POLITICS/03/17/aig.bonuses
> /index.html
>
>
> Tax the bastards!

Notorious AIG. Brilliant!

Gravis Wrote:
-------------------------------------------------------
> Vince(1) Wrote:
> --------------------------------------------------
> -----
> > I dont think it's so much a time to nationalize
> > them as it is to break them and every other
> bank
> > "to big to fail" into smaller banks that can
> > compete against each other. This was the
> answer
> > for Stahdard Oil of Ohio and Ma Bell.
>
> you mean like cable companies and their
> non-compete agreements?


no...like the wireless telephone companies that compete every day

Vince(1) Wrote:
-------------------------------------------------------
> no...like the wireless telephone companies that
> compete every day



http://www.nytimes.com/2008/12/28/business/28digi.html?_r=1


"the wisdom of the wise will perish, the intelligence of the intelligent will vanish."

I am unsure why the American people are all pissed off at AIG execs. The stimulus money they received ALLOWED for the bonuses. We can all thank Democrap Chris Dodd for that one

Blame Dodd Wrote:
>>> I am unsure why the American people are all pissed off at AIG execs. The stimulus money they received ALLOWED for the bonuses.


Well technically the stimulus money ALLOWED for them to just take all the cash and burn it in a fireplace, but that doesn't mean it is the proper thing to do.

TheMeeper Wrote:
-------------------------------------------------------

> Well technically the stimulus money ALLOWED for
> them to just take all the cash and burn it in a
> fireplace, but that doesn't mean it is the proper
> thing to do.

Actually, the stimulus would not allow them to burn the cash in a fireplace. The bill is actually very clear about what you can and cannot do with the money. Most firms are not allowed to give bonuses. Dipshit fathead Democreap Dodd explicitly exempted AIG from that provision. From your previous posts, it is apparent you are stupid. There is no need to keep proving that fact over and over.

Blame Dodd Wrote:
>>> it is apparent you are stupid.


This, coming from someone who most likely voted for Sarah Palin...

Blame Dodd Wrote:
-------------------------------------------------------
> I am unsure why the American people are all pissed
> off at AIG execs. The stimulus money they
> received ALLOWED for the bonuses. We can all
> thank Democrap Chris Dodd for that one


Unlike Republicans who defended Bush almost until the end, I have no problem going after Democrats that screw up. If Dodd knocked out a "no bonus" provision and put one in, he should be made to answer for it.

I have to add something else about AIG. Apparently these retention bonuses were negotiated in late 2007. In other words, AIG knew they were going down nearly a year before it happened. Were outside investors aware of this? The SEC???
Sounds to me like the Feds have an evidence trail here.

TheMeeper Wrote:
-------------------------------------------------------
> Blame Dodd Wrote:
> >>> it is apparent you are stupid.
>
>
> This, coming from someone who most likely voted
> for Sarah Palin...

Nope. I probably voted the same way you did, but I also voted for Bush in 2000. So, my recent voting record has not exactly panned out the way I would have liked. However, simply because I voted for Obama, does not mean he and his cohorts in Congress get a free pass at fucking the American people. It is obvious that your vote for Obama also entails you serving as his mouthpiece despite all the shady and shifty dealings his administration and the Congress have engaged in. It is human to make mistakes, it is retarded to defend them as correct. I think we know which camp you are in. 50+ days in and I think my vote for that clown was a mistake. I will give him more time, but thus far, he has failed to impress.

Oh, you want to talk about VP picks, Biden has proven to be a real winner. At least McCain would have been smart enough to bury Palin in the basement of the Eisenhauer EOB. I can't believe Obama's handlers allow Biden to see a microphone let alone speak into one. But, then again, these same handlers do an oh so great job of vetting nominees. Barring a Palin nomination for the GOP, they will probably get my vote come 2012. It took George W. Bush three years to lose my vote, unless Obama turns it around, it took him just over six weeks.

Blame Dodd Wrote:
-------------------------------------------------------
> Nope. I probably voted the same way you did, but
> I also voted for Bush in 2000. So, my recent
> voting record has not exactly panned out the way I
> would have liked. However, simply because I voted
> for Obama, does not mean he and his cohorts in
> Congress get a free pass at fucking the American
> people. It is obvious that your vote for Obama
> also entails you serving as his mouthpiece despite
> all the shady and shifty dealings his
> administration and the Congress have engaged in.
> It is human to make mistakes, it is retarded to
> defend them as correct. I think we know which
> camp you are in. 50+ days in and I think my vote
> for that clown was a mistake. I will give him
> more time, but thus far, he has failed to impress.
>
>
> Oh, you want to talk about VP picks, Biden has
> proven to be a real winner. At least McCain would
> have been smart enough to bury Palin in the
> basement of the Eisenhauer EOB. I can't believe
> Obama's handlers allow Biden to see a microphone
> let alone speak into one. But, then again, these
> same handlers do an oh so great job of vetting
> nominees. Barring a Palin nomination for the GOP,
> they will probably get my vote come 2012. It took
> George W. Bush three years to lose my vote, unless
> Obama turns it around, it took him just over six
> weeks.
Attachments:

TheMeeper Wrote:
-------------------------------------------------------
[INSERT LAME PICTURE POSTED BY AN OBVIOUS LOSER HERE]

Unoriginal and stupid. Your parents MUST be proud. Seriously, do you have an original thought or are they just spoon fed to you by whatever you last read? You are so fucking lame it is pathetic. One question: last time your sorry ass got laid? No sarcasm, just answer the question honestly.

PS - If you say within the past three months, people on here will know you are lying.

Blame Dodd Wrote:
>>>> people on here will know you are lying.


LMAO, actually that's sorta hilarious you bring that up because no, they wouldn't.... it's actually been the subject of some PM's that me and some of the regulars I know in real life having been talking about over the past week.

LOL. The moral of this story: Facebook is evil.

Oh boy, Dodd is passing the buck to Obama, who earlier said it stopped with him. Dodd threw in the AIG bonus provisions, but is now fingering the Obama administration as having told him to do it.

http://www.cnbc.com/id/29763023

Web of korruption is unfolding. Welcome to the Change!

Oh yes...you caught them...just what everyone wants to do...give bonuses to AIG employees. This will all be forgotten in less then 2 years.

Funny how when demokrats demonstrate clear korruption in kongress that you always wave it away, saying it is unimportant because "no one will remember it." Always the apologist, reading what he wants to read, never seeing things for what they really are. And now the headlines tell us apparently the "grownups" running Treasury (the ones that cheat on taxes and run the IRS) can't stay in contact with the Federal Reserve. Nice grownups, welcome to Change!

conVince Wrote:
-------------------------------------------------------
> Oh boy, Dodd is passing the buck to Obama, who
> earlier said it stopped with him. Dodd threw in
> the AIG bonus provisions, but is now fingering the
> Obama administration as having told him to do it.
>
> http://www.cnbc.com/id/29763023
>
> Web of korruption is unfolding. Welcome to the
> Change!


Dodd is now taking the fall for the provision. Considering that AIG is based in Dodd's home state and that the Obama Administration is in an entirely different branch of the government, it would be a bit much to claim that Geithner inserted the legislation...since he CAN'T!

the grownups know that all this talk about AIG bonuses is a mere smoke screen...a diversion meant to slow down...divert...discredit....in the hopes of slowing down Obama....and the "socialist" changes that are on the horizon.

Change?

conVince Wrote:
-------------------------------------------------------
> Funny how when demokrats demonstrate clear
> korruption in kongress that you always wave it
> away, saying it is unimportant because "no one
> will remember it." Always the apologist, reading
> what he wants to read, never seeing things for
> what they really are. And now the headlines tell
> us apparently the "grownups" running Treasury (the
> ones that cheat on taxes and run the IRS) can't
> stay in contact with the Federal Reserve. Nice
> grownups, welcome to Change!
Attachments:

Vince(1) Wrote:
-------------------------------------------------------
> the grownups know that all this talk about AIG
> bonuses is a mere smoke screen...a diversion meant
> to slow down...divert...discredit....in the hopes
> of slowing down Obama....and the "socialist"
> changes that are on the horizon.


This all may be true, but the fact is it looks terrible.

WashingTone Locian Wrote:
-------------------------------------------------------
> it
> would be a bit much to claim that Geithner
> inserted the legislation...since he CAN'T!

You quoted my post, but I certainly didn't say Geithner inserted the legislation. I said exactly what CNN and CNBC reported... on Tuesday Dodd denied having anything to do with it, on Wednesday he said he did it but because Obama's team asked him to. The only "smoke screen" here is the one Dodd put up on Tuesday but failed, having to recant and admit the lie on Wednesday.

Here, from CNN, a description of the coverup attempt and recanting:



http://www.cnn.com/2009/POLITICS/03/19/aig.bonuses.congress/index.html
----------------------------
After denying having anything to do with crafting language in the stimulus bill that allowed bailed-out insurance giant American International Group to keep its bonuses, Sen. Christopher Dodd admitted that he and the Treasury Department were responsible for the loophole.

Dodd, chairman of the Senate Banking Committee, acknowledged his role in the change after a Treasury Department official told CNN the administration pushed for the language.



Edited 2 time(s). Last edit at 03/19/2009 12:25PM by conVince.

AIG-FP woke up with a headache this morning, for sure. How do you get ready in the morning to go to a job like that? I guess bonuses, huh? LOL.
Attachments:

conVince Wrote:
-------------------------------------------------------

>
> You quoted my post, but I certainly didn't say
> Geithner inserted the legislation.

I didn't mean to imply that you said that. My ire is aimed at Dodd's naked attempt at trying to pin this on Geithner when he knew damn well HE was the one who did it. Dodd should be bitch-slapped over this. What an ass.

I don't really fault Dodd so much as he was working in a hasty environment with Paulson and Co. with concessions being parlayed on both sides. The real culprits at AIGFP were already fired and those that received bonuses are there to help unwind the $1.6T in swaps. 60% of AIGFP employees receiving bonuses of $100k or more is not unheard considering that a $100k bonus is quite low given Wall St. standards and the need to retain institutional knowledge. It's those that got far larger bonuses >$500k that should be on the chopping block.

The market just doesn't dictate that kind of compensation, even for Ivy-league caliber talent.

What a liar. Kris Dodd and Skhumer screw us all years ago by enabling the explosion of subprime lending, then after it all falls apart try to stealthily keep bonuses for those that financed their campaigns. Time to bring these krooks out into the light of day. Dodd should resign.


http://www.foxnews.com/politics/first100days/2009/03/18/sen-dodd-admits-adding-bonus-provision-stimulus-package/

Dodd on Tuesday:

"When the language went to the conference and came back, there was different language," he said then. "I can tell you this much, when my language left the Senate, it did not include it. When it came back, it did."

conVince,

Number 1 - Your anger should be directed to Phil Gramm & Co.

Number 2 - That's FOX News. Lacks standing.

Number 3 - Basketball is on. So, once again, you....
Attachments:

Stern Bears? Wrote:
-------------------------------------------------------
> Number 2 - That's FOX News. Lacks standing.

The network of Rachel Madow (MSNBC) and all of the other major news outlets report the same thing. I guess they all lack standing too.

You've been put on watch for quoting FOX News and manufacturing news citations.

Any further violations will result in massive humilation.

TheMeeper Wrote:
-------------------------------------------------------
> Blame Dodd Wrote:
> >>> I am unsure why the American people are all
> pissed off at AIG execs. The stimulus money they
> received ALLOWED for the bonuses.
>
> Well technically the stimulus money ALLOWED for
> them to just take all the cash and burn it in a
> fireplace, but that doesn't mean it is the proper
> thing to do.

actually, destroying money is illegal if you arent the treasury department taking messed up money (worn out bills and such) out of circulation. now i think they could have technically given themselves the entire amount of money.

---

Vince(1) Wrote:
-------------------------------------------------------
> Oh yes...you caught them...just what everyone
> wants to do...give bonuses to AIG employees. This
> will all be forgotten in less then 2 years.

no, it's the exorbitant bonuses to the executives of the company that created this mess in the first place that is pissing people off. are you condoning these bonuses?

---

Vince(1) Wrote:
-------------------------------------------------------
> the grownups know that all this talk about AIG
> bonuses is a mere smoke screen...a diversion meant
> to slow down...divert...discredit....in the hopes
> of slowing down Obama....and the "socialist"
> changes that are on the horizon.

of course because everyone wants to stifle the economy as it's good for business.

"the wisdom of the wise will perish, the intelligence of the intelligent will vanish."

The House passed a bill that would impose a 90 percent income tax on $165 million in bonuses distributed to employees of the troubled insurance giant American International Group and would have a sweeping effect on the traditional pay system on Wall Street.

Uh, thanks Mr. Yahoo News snippet provider.

Please keep us posted. Thx
Attachments:

FAIL Wrote:
-------------------------------------------------------
> The House passed a bill that would impose a 90
> percent income tax on $165 million in bonuses
> distributed to employees of the troubled insurance
> giant American International Group and would have
> a sweeping effect on the traditional pay system on
> Wall Street.

Not if they don't have TARP money, it doesn't.

Congress today moved to levy punitive taxes on bonuses at financial firms receiving government aid, threatening to undermine the government's rescue of the financial system. The taxes imposed would be so high that the result would likely drive away nearly all firms participating in the federal assistance program.

The House passed a bill that would impose a 90 percent income tax on $165 million in bonuses distributed to employees of the troubled insurance giant American International Group and would have a sweeping effect on the traditional pay system on Wall Street.

A Senate version would impose even higher taxes on the bonuses. It has bipartisan support, and Democrats said the bill could come up for floor action as early as next week.

http://www.washingtonpost.com/wp-dyn/content/article/2009/03/19/AR2009031901542.html

yeah whatever

pgens Wrote:
-------------------------------------------------------
> FAIL Wrote:
> --------------------------------------------------
> -----
> > The House passed a bill that would impose a 90
> > percent income tax on $165 million in bonuses
> > distributed to employees of the troubled
> insurance
> > giant American International Group and would
> have
> > a sweeping effect on the traditional pay system
> on
> > Wall Street.
>
> Not if they don't have TARP money, it doesn't.

Click on column headings to re-sort.

Name Type Date State Bailout Amount (in Millions)

AIG Insurance Corp 11/25/08 Profile NY $40,000
AIG (second round) Insurance Corp 3/2/09 Press Release NY $30,000

PGENS FAIL


http://www.propublica.org/special/show-me-the-tarp-money

Dummy, I didn't say AIG didn't get TARP money. We all KNOW they did. I was referring to the quote "sweeping effect on the traditional pay system on Wall Street." There are plenty of "Wall Street firms" that 1) are not investment banks or other banks and 2) haven not received a dime of TARP money.

pgens Wrote:
-------------------------------------------------------
> Dummy, I didn't say AIG didn't get TARP money. We
> all KNOW they did. I was referring to the quote
> "sweeping effect on the traditional pay system on
> Wall Street." There are plenty of "Wall Street
> firms" that 1) are not investment banks or other
> banks and 2) haven not received a dime of TARP
> money.


DUMMY! The Thread is about AIG. the post is referring Bonus money paid out, AIG paid out galling bonus money. the new legislation penalizes that bonus money. Its under TARP ruling umbrella. You said "not if its not TARP money its not." You made no mention of wall street in your answer. YOU FAIL.

FAIL Wrote:
-------------------------------------------------------
> http://www.washingtonpost.com/wp-dyn/content/article/2009/03/19/AR2009031901542.html

From same article:

"The actions signaled that lawmakers had run out of patience with the Obama administration's handling of the financial rescue. "

Vince must be writhing on the floor in pain wherever he is. What is he to do? Side with Obama, the leader of the demokrats, or with the Kongress, where all the rest of the demokrats are?

WashingTone Locian Wrote:
-------------------------------------------------------
>> I didn't mean to imply that you said that. My ire
> is aimed at Dodd's naked attempt at trying to pin
> this on Geithner when he knew damn well HE was the
> one who did it. Dodd should be bitch-slapped over
> this. What an ass.


Actually Geithner confirmed that the idea came from the Administration. He pressed Dodd for it and Dodd relented. They are both culpable and should be made to pay.

FAIL Wrote:
-------------------------------------------------------
> not if its not TARP money its not." You
> made no mention of wall street in your answer.

It's the last line in what I quoted, you are being a dummy. And then when you didn't understand I repeated it for you, what is your problem?

http://www.stormloader.com/garyes/its.html

pgens Wrote:
-------------------------------------------------------
> FAIL Wrote:
> --------------------------------------------------
> -----
> > not if its not TARP money its not." You
> > made no mention of wall street in your answer.
>
> It's the last line in what I quoted, you are being
> a dummy. And then when you didn't understand I
> repeated it for you, what is your problem?
>
> http://www.stormloader.com/garyes/its.html

~~~~~~~~> Pgens, HA HA! You are an anal retentive loser!

I seem to recall a band by the name of Nelson. They were super-cool.

Anyways....
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No wonder Dodd tried to get the bonuses in, his wife was an AIG management consultant. Calling in old favors for old friends I guess, so much for the "old boys club" as girls evidently get to play too. Welcome to the Change!

http://www.realclearpolitics.com/articles/2009/03/dodds_wife_a_former_director_o.html

conVince,
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