Senator suggests AIG execs should kill themselves

Quote from AAAintheBeltway:

It is outrageous and people have a right to be pissed off. The far bigger outrage is why the taxpayers are paying off the huge unregulated CDS bets Goldman and other banks and hedge funds made with AIG.

It's one thing to backstop traditional insurance AIG wrote or even pension or investment funds. OTC gambling contracts? I don't see it.
More...

Bankers Rule the Country.

People are in denial.
 
Quote from intradaybill:

I keep listening to just one side of the story. The story has three sides. One leg is the banks lending money to people to buy homes, then investment banks packaging the loans and selling them to investors and AIG selling insurance to them through CDS derivative products.

Now, suppose AIG was not a part of the game. The investment banks would not have packaged the loans because of lack of insurance. Then the banks would have collapsed and experience a run. Not much would have happened to investment banks but the system would have been damaged much more seriously.

In essence and from another point of view, AIG stabilized the system although not perfectly at all by transferring the risk from the banks to speculators through the issue of CDS products that insured packaged loans.

Thus, from another point of view, AIG is a victim of all this. Remember that there are always two sides to a coin. To see both sides at the same time requires some kind of sight not available to the average person who dogmatically takes positions and wants to see heads taken and blood splattered all over the place.

And who are the taxpayers who are paying for the bonuses after all. There are the same people who got the money form the loans as construction workers, materials providers, and thousands of other professions and services that depend on home construction and sales.

Why don't we ask those taxpayers to pay some of the money back since the system failed? Actually they are doing this and reward AIG and others who assumed all the risk so their money was safe in the bank.

Just another point of view. Not necessarily a view that I adopt but a view that I can see since I can see both sides of the coin at once.
More...
That's right, everyone behaved irresponsibly, including AIG and the monolines. So, while I agree with your argument in general, the blatant disregard for risk management and the abuse of the effective implicit govt guarantee is particularly heinous in AIG's case.
 
Quote from antitrust:

the government can't go bankrupt it has the constitutional right to issue credit money. All they have to do is exercise it
More...

As long as someone is willing to buy it.
 
AIG never went Bankrupt.
These politicians need to be removed! complete morons, including the [past president and the current one!
 
AIG is riddled with scum. You can smell them a mile away.

They should be under indictment not receiving $.

This is an outrage.
 
The gubment won't defend the borders and they won't jail the crooks.

Eventually the people , dumb and lazy as they are, will have enough of it.

Everyone except the tick-F@#$ers on Et.
 
Quote from Brandonf:

I think that is one of the biggest problems with people these days. There is the attitude that if it fits within the letter of the law then it's fair play. The spirit of the law does not matter. I was raised with the same idea, just because you could or can do something does not mean it's right. It seems that fewer and fewer people feel that way though, the idea being I'm gonna get mine..and if I can do something, well...if I don't then the next guy will.
More...

It's not even following the letter or the spirit of the law. Look at all the dolts who want AIG to renege on their contractually obligated bonuses. It's not letter or spirit or anything else, just gimme gimme gimme, I'm taking mine and yours and you can go F yourself.

AIG made some mistakes sure. So let em fail. Let em fold up. Let the dorks face an interview trying to get a new job and having to explain why they messed everything up. But they didn't steal the money from us, our duly elected representatives #@&^ing gave it to them!

If you have a problem with bailouts (like I do) then don't blame AIG any more than you can blame welfare recipients for getting welfare. Blame the scum that gave `em the money. All AIG did was ask for it. Bums ask me for a dollar every day, should I put a bullet in their skull and two in their chest for that?
 
You must log in or register to reply here.
Back
Top