AIG has to pay off the guys who took out gambler's insurance before they bet everything on one spin at the roulette wheel.
Nice to be able to bet the farm and get the payoff no matter what.
Senator suggests AIG execs should kill themselves
- Thread starter Banjo
- Start date
AIG has to pay off the guys who took out gambler's insurance before they bet everything on one spin at the roulette wheel.
Nice to be able to bet the farm and get the payoff no matter what.
YAWN!
Who is still naive enough to believe in the Republican versus Democrat show being real? Come on, pull your head out of the gutter.
US politics is like Professional Wrestling. On stage they hate each other & fight. And behind the curtains they are friends, having dinner together, drinking together and collecting paychecks from the same boss.
I wonder how long it will be before someone suggests that some Senators and Congressmen should have some dignity and kill themselves.
That Dilbert cartoon is right on.
Actually, when the execs from GM, F, etc. were there in the hearings, I was kind of surprised they didn't turn it against the people questioning them - you know - like so....
Senator to GM or whoever - "And here you are begging the taxpayers to bail you out of this mess?"
Response something like - "Yeah, like you f**king idiots never need more money then you first budgetet for, right you f*ing lowlife, bribe taking, theiving, illiterate pile of s**t"
Senator - "Hey, I am no longer illiterate!" (from Mayor Quimby of the Simpsons)
JJacksET4
That Dilbert cartoon is right on.
Actually, when the execs from GM, F, etc. were there in the hearings, I was kind of surprised they didn't turn it against the people questioning them - you know - like so....
Senator to GM or whoever - "And here you are begging the taxpayers to bail you out of this mess?"
Response something like - "Yeah, like you f**king idiots never need more money then you first budgetet for, right you f*ing lowlife, bribe taking, theiving, illiterate pile of s**t"
Senator - "Hey, I am no longer illiterate!" (from Mayor Quimby of the Simpsons)
JJacksET4
Simply name all the recipients that receive say, one million or above, and let some loonies go after them and their families and you may find these guys will be very happy to forfeit or return their illgotten bonuses.
Sounds draconian, but simply stating what others are thinking but won't say it.
BTW, the major recipients are in the UK, unfortunately.....but then again there are some loonies there, too.
Sounds draconian, but simply stating what others are thinking but won't say it.
BTW, the major recipients are in the UK, unfortunately.....but then again there are some loonies there, too.
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.
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.
Glenn Beck nailed it last night. Watch what's behind the other door. We are "outraged" because they want us to be, we are looking at the hand they want us to look at.
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.