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Senator suggests AIG execs should kill themselves
- Thread starter Banjo
- Start date
Quote from DataCruncher:
speaking of force majeure clauses, did Trump end up getting out of the money he owed Deustche Bank by invoking this clause in his contract?
I'm not sure if the situation you're talking about is related but I do know Trump does not have to pay investors/creditors related to a large building project in Mexico that went tits up.
Quote from Anaconda:
Government has been bought by the international banks, so please place your blame appropriately.
They are in overdrive mode. AIG isn't being allowed to fail so that they can funnel aka payout money on their CDS obligations.
Place the blame appropriately? If power is for sale, it will be bough by someone. If you don't buy it for your shareholders, then you have failed in your duty as a CEO.
The problem is that so much power is concentrated in the hands of a few in the first place. This is what the founding fathers were hoping to avoid.
AIG is not "beyond bankrupt". That's the problem. It should have been allowed to quietly go bankrupt. Instead, it acquired a new shareholder who funneled more funds into the company. If it had been allowed to go bankrupt, a bankruptcy court judge would have thrown the contractual bonus obligations on a heap with the other obligations to creditors. That's not what happened and that's the problem.
But you're right about the money funneling. AIG is just a giant money laundering machine for government.
This would be a non-issue if Congress wasn't so willing to keep all these "too big to fail" entities alive.
And this is just great:
http://www.dilbert.com/strips/comic/2009-02-25/
And this is just great:
http://www.dilbert.com/strips/comic/2009-02-25/
its b/c they are telling everybody if we dont they will go out of business, then they go if you dont let us do what we want you will lose all of your bailout money. Its time to just let them go bk. LOL it would be better if they jump out the window
Quote from MKTrader:
This would be a non-issue if Congress wasn't so willing to keep all these "too big to fail" entities alive.
And this is just great:
http://www.dilbert.com/strips/comic/2009-02-25/
Quote from nutmeg:
I'll tell you. If I was Mister AIG and members of congress are publicy announcing for my employees to kill themselves and threatning 100% tax on bonus's paid under the contract laws of this USof A, I'd shut the place down pronto. Lock the doors and flip the keys over Obama and tell him to go f himself.
Gee, I can only wish AIG shuts down and whatever assets they have left are liquidated and paid to the government.
But it won't happen, because AIG & their staff are such vital components of this economy & this nation. No wait, it's because they part of one of the biggest & most lucrative rackets in human history.
the $750 Billion that the DEMOCRATS in Congress passed and OBAMA demanded and signed into law contained a specific amendment authorizing the payment of contractual bonuses contracted after February of 2008.
Who attached this amendment to the stimulus package passed without any Republican support??....you got it Chris Dodd. You know Chris Dodd the senator from Connecticut where AIG Financial has its largest offices.
And who were the top two Senators to receive campaign contributions from AIG Financial. Yep its Chris Dodd and Barack Obama.
Who attached this amendment to the stimulus package passed without any Republican support??....you got it Chris Dodd. You know Chris Dodd the senator from Connecticut where AIG Financial has its largest offices.
And who were the top two Senators to receive campaign contributions from AIG Financial. Yep its Chris Dodd and Barack Obama.