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dear mr libby
Posted by: areuhappynow? ()
Date: March 25, 2009 11:50AM


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Re: dear mr libby
Posted by: Vince(1) ()
Date: March 25, 2009 03:18PM

Well..the entire issue of the AIG bonuses is all populist/mob mentality led by republikans whose only purpose is to discredit the president and the secretary of the treasury...all in an attempt to torpedo the changes this country needs desperately.

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Re: dear mr libby
Date: March 25, 2009 03:29PM

areuhappynow? Wrote:
-------------------------------------------------------
> beautiful. i hate politicians.
>
> http://www.nytimes.com/2009/03/25/opinion/25desant
> is.html?pagewanted=1&_r=3&ref=opinion


He's not involved in dismantling the credit default swaps. Fuck him. He would have been unemployed in October if he had worked for any other company. The fact that he sent this letter to the NY Times demonstrates what a fucking baby he is.

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Re: dear mr libby
Posted by: teller ()
Date: March 25, 2009 03:47PM

WashingTone Locian Wrote:
-------------------------------------------------------
> areuhappynow? Wrote:
> --------------------------------------------------
> -----
> > beautiful. i hate politicians.
> >
> >
> http://www.nytimes.com/2009/03/25/opinion/25desant
>
> > is.html?pagewanted=1&_r=3&ref=opinion
>
>
> He's not involved in dismantling the credit
> default swaps. Fuck him. He would have been
> unemployed in October if he had worked for any
> other company. The fact that he sent this letter
> to the NY Times demonstrates what a fucking baby
> he is.


Actually, it demonstrates what bullshit governing via populism does.

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Re: dear mr libby
Posted by: Eastsider ()
Date: March 25, 2009 04:10PM

This guy was certainly grandstanding by going to the NYT.

He benefitted from bonuses when AIG was riding high on those credit-default swaps, so he should have been prepared to suffer when the company went into the shitter, regardless of whether he was directly involved in these deals or not. And the management at AIG was stupid for promising these bonuses. This dude should be mad at the CEO only, not the politicians.

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Re: dear mr libby
Date: March 25, 2009 04:45PM

Eastsider Wrote:
-------------------------------------------------------
> This guy was certainly grandstanding by going to
> the NYT.
>
> He benefitted from bonuses when AIG was riding
> high on those credit-default swaps, so he should
> have been prepared to suffer when the company went
> into the shitter, regardless of whether he was
> directly involved in these deals or not. And the
> management at AIG was stupid for promising these
> bonuses. This dude should be mad at the CEO only,
> not the politicians.


He should be mad at himself for not seeing the writing on the wall the way the others who already left did. This is one instance where someone who was rewarded handsomely during the run-up isn't having his risk socialized. Good riddance.

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Re: dear mr libby
Posted by: toffin ()
Date: March 25, 2009 08:45PM

Eastsider Wrote:
-------------------------------------------------------
> This guy was certainly grandstanding by going to
> the NYT.
>
> He benefitted from bonuses when AIG was riding
> high on those credit-default swaps, so he should
> have been prepared to suffer when the company went
> into the shitter, regardless of whether he was
> directly involved in these deals or not. And the
> management at AIG was stupid for promising these
> bonuses. This dude should be mad at the CEO only,
> not the politicians.

That's crap. He could have walked and made more money (he basically made $1 last year). His mistake was to stay. You guys can be pissed off at the money that they make but that's good old capitalism working.

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Re: dear mr libby
Date: March 25, 2009 08:52PM

toffin Wrote:
-------------------------------------------------------

> That's crap. He could have walked and made more
> money (he basically made $1 last year). His
> mistake was to stay. You guys can be pissed off
> at the money that they make but that's good old
> capitalism working.



Actually, "good old capitalism working" is AIG out of business and these fuckers in prison.

Unfortunately the fallout from AIG failing would be catastrophic.

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