AIG anyone? |
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Pirate Alyx
Commercial Hater Joined: 02 Feb 2009 Location: Lost Angels CA Status: Offline Points: 776 |
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Posted: 18 Mar 2009 at 7:39pm |
Well anyone have any thoughts for AIG?
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plop plop fizz fizz oh what a relief it is..............
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Ad nauseous
Revolutionary Joined: 15 Apr 2008 Location: Connecticut Status: Offline Points: 23601 |
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selfish f**kers
that is all. |
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One good thing about TV-you could always turn it off
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tvpirate05
Junior Executive Joined: 27 Apr 2008 Location: Virginia Status: Offline Points: 661 |
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Any corporate bigwig that gets millions for being incompetent can go to a very dark and fiery place IMO...
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The poster formerly known as producer757
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Pirate Alyx
Commercial Hater Joined: 02 Feb 2009 Location: Lost Angels CA Status: Offline Points: 776 |
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Did not see any coverage from Congress yet today...I hope Liddy is getting spanked a bit!
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plop plop fizz fizz oh what a relief it is..............
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JimAyzing
Junior Executive Formerly powerboy Joined: 07 Jun 2008 Location: Ohio Status: Offline Points: 780 |
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I think that they should have to pay that money back. Hell, companies should not get billions for their f**k-ups. Instead, spend that money to get the country out of debt.
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regulus
Junior Executive Joined: 17 Apr 2008 Location: Nova Catacumba Status: Offline Points: 4436 |
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We need a TALL Tree and a SHORT Rope!
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Poiuyt Power!!!
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Vindicated
Junior Executive Joined: 24 Jul 2008 Location: Colorado Status: Offline Points: 345 |
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Everyone keeps saying that AIG is too big to fail. Maybe that's you're clue right there! My solution, break it up! We've allowed these companies to conglomerate into giant dinosaurs that are too big to be innovative and wieldly, too big to allow new upstarts (automotive industry), and too big too fail.
Personally I have no problem with giving these companies loans as long as there is equal collateral (say some of it tied to some of the execs own personal holdings). As long as they pay it back they could give themselves bonuses all the live long day. But if not, well say goodbye to your fortunes. |
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Hezadancer
Junior Executive Joined: 06 May 2008 Location: Around Status: Offline Points: 3770 |
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Love the "top talent demands top pay" remark. Talent to run their business into the ground, selfish asses. This should probably be moved to the off topic section.
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N-Dizzle
Commercial Hater Joined: 27 Oct 2008 Location: Ak-rowdy Status: Offline Points: 1791 |
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Ad nauseous
Revolutionary Joined: 15 Apr 2008 Location: Connecticut Status: Offline Points: 23601 |
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now it looks like AIG is suing the same government that handed them the bailout!
http://www.nytimes.com/2009/03/20/business/20aig.html?_r=1 |
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One good thing about TV-you could always turn it off
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MrTim
Ad Exec Joined: 15 Apr 2008 Status: Offline Points: 10421 |
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AIG is like Enron. Except that it had "friends" in gov't to throw money at it....
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mbaker
Honor Roll Joined: 15 Apr 2008 Location: Washington, PA Status: Offline Points: 857 |
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I beg to differ. The corporations are not to blame for this, it's the democratic party. |
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If it's got wings, i can crash it!
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PaWolf
Revolutionary Hoary Ol' Chestnut... doncha know.... Joined: 15 Apr 2008 Location: GreatWhiteNorth Status: Offline Points: 40769 |
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That's a thought worth sleeping on. Without looking into the details too deeply (too tired; been up all night) it seems it has happened before with the Bell Telephone split, many years ago.
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X <sig.nature>
"What we do for ourselves dies with us, What we do for others is and remains immortal." - Albert Pike |
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Ad Endless Nauseum
Junior Executive Joined: 11 Oct 2008 Location: San Diego Status: Offline Points: 1044 |
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From what I've been reading, all the various actual "insurance" companies that AIG holds are doing fine, it is only the hedge fund, AIG Financial Products division that was in trouble, because they were covering both sides of every bet! Break the real actual insurance companies off as the separate companies they were before AIG holding company bought them up, and send AIG FP to bankruptcy court, where it belongs.
As to the bonuses, that is the fault of the Obama Treasury department, putting pressure on their tame lapdog Chris Dodd, to put the bonuses into the Spendulus/Porkulus bill. The bonuses were not there to begin with. Now, creating a special bill to punish the people who legally received their contracted bonuses is what is know of as a "Bill of Attainder", and those are specifically banned in the US Constitution, in the same paragraph as the proscription on Ex Post Facto laws. They can't do it. But they will, whether unConstitutional or not. Yet another example of "change you can believe in", doncha know? |
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"Si vis pacem, para bellum"
Defense de fumer et de cracher A message brought to you by this station and the Ad Council. |
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N-Dizzle
Commercial Hater Joined: 27 Oct 2008 Location: Ak-rowdy Status: Offline Points: 1791 |
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Yeah right. When George W Bush fails, it's the DEMOCRATS fault. When Big Business fails, it's the DEMOCRATS fault. When the Stock Market fails, it's the DEMOCRATS fault. Don't worry lazy kids, if you fail your class, it's not your fault. It's the DEMOCRATS fault!! Republicans... never take responsibility. |
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bluenowait
Junior Executive Joined: 18 Aug 2008 Location: Falmouth, ME Status: Offline Points: 109 |
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Nice use of subtlety. |
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t(ò_ót) Double Deuce!
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Ad nauseous
Revolutionary Joined: 15 Apr 2008 Location: Connecticut Status: Offline Points: 23601 |
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that is QUITE inaccurate.
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One good thing about TV-you could always turn it off
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mbaker
Honor Roll Joined: 15 Apr 2008 Location: Washington, PA Status: Offline Points: 857 |
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Lazy kids also grow up to either become democrats, or vote for them. |
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If it's got wings, i can crash it!
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N-Dizzle
Commercial Hater Joined: 27 Oct 2008 Location: Ak-rowdy Status: Offline Points: 1791 |
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Dude, you have problems. Get help.
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Ad nauseous
Revolutionary Joined: 15 Apr 2008 Location: Connecticut Status: Offline Points: 23601 |
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agreed.
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One good thing about TV-you could always turn it off
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regulus
Junior Executive Joined: 17 Apr 2008 Location: Nova Catacumba Status: Offline Points: 4436 |
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NEITHER side is right!
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Poiuyt Power!!!
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mbaker
Honor Roll Joined: 15 Apr 2008 Location: Washington, PA Status: Offline Points: 857 |
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http://www.youtube.com/watch?v=DrpouWRBOQo&feature=channel_page |
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If it's got wings, i can crash it!
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Ad nauseous
Revolutionary Joined: 15 Apr 2008 Location: Connecticut Status: Offline Points: 23601 |
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lobbying and deregulation is to is to blame.
http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act http://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000 see if anybody can refute that I'm waiting... still waiting... and will still be waiting. |
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One good thing about TV-you could always turn it off
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Hootman
Revolutionary Joined: 15 Apr 2008 Location: Ohio Status: Offline Points: 8151 |
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I still say Pogo had it right.
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Pirate Alyx
Commercial Hater Joined: 02 Feb 2009 Location: Lost Angels CA Status: Offline Points: 776 |
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.....and the AIG story still continues....
I agree with the fact that when a business gets too big, it's belly get's too big, it can't reach down to it's feet, nor see them. So they don't know what's happening in all areas of the business, too many levels of management get the real issues clouded. Government oversight and auditors and regulations need to be in place. And perhaps the Auditors need to be audited as well, to make sure they are going to do the task RIGHT!
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plop plop fizz fizz oh what a relief it is..............
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