This Is Why The Market Fears Leftests

[stock777]

So because the 80 billion or whatever was already "paid" to AIG we shouldn't worry about the 165 million?

Sorry. It doesn't fly.


This is the same argument for letting each individual wetback to stay.

One at a time they are just 5 feet of cheap labor, but as a group, they are a burden of the school/hospital/welfare system.

The retention motivation should be

1) Stay and clean up the mess you made, or spend the REST OF YOUR STINKING LIFE IN JAIL, breaking rocks, and servicing Bubbah.

2) SEE #1

 

[MaklodaSux]

Quote from Daal:

You couldn't be more right. Its disgusting to see so many people who are TOO AFRAID to have controversial opinions simply because they are scared of crowds. AIG bonuses need to stand, period, you just dont throw the rule of law in the garbage when its politically profitable, if people get upset about it and burn down cars, then they face the rule of law as well

Fine then they can use YOUR money not mine you dumb sack of shit. WE pretty much own that company aren't you forgetting?

 

[MaklodaSux]

Quote from Kassz007:

I tried to argue the same point yesterday in a thread. While I don't LIKE the fact AIG paid out bonuses, they legally have to. The government cannot be allowed to be above the law. The idea of taxing the shit out of those bonuses is, to me, the government asserting the idea of them being above the law.

http://www.youtube.com/watch?v=Ik2KnfqHT-A

 

[shortie]

Pa(b)st, here is the answer you have been looking for:

http://answers.yahoo.com/question/index?qid=20071104173753AA2iFyu

 

[ammo]

pabst you forgot to mention moses rubenstein,thad's agent,and all your political buddies who skimmed 20% off the top of the taxpayers loot,your one sad punk

 

[mschey]

Quote from Thunderdog:

Pabst, you'll smoke anything that's wrapped in a flag, won't you?

The sports analogy is a poor one. Bonuses should not go to employees whose very conduct has resulted in the need for bailout in the first place. If anything, sanctions and accountability are in order. The athlete did not destroy the government subsidized stadium and then hold his hand out. The government did not subsidize that stadium as a result of the athlete in question first decimating it. See how that works? AIG is in survival mode, at best, and the people who put it there are asking for their taxpayer-sponsored yachts.

On the plus side, your taking AIG's side in the matter of executive bonus compensation should give your prospective investors a warm feeling all over.

While I don't think government should be able to break contracts in general, i do agree with you on AIG. In effect, AIG is in bankruptcy, while not legally, they are not able to cover their capital needs, and if not for government funds, they would be. In bankruptcy, the contracts can be adjusted, or even voided all together. I think this is the route that should be taken. Declared in liquidation status, and all contracts modified accordingly.

As for the employees....I think if they start to defect, they should be made to stay and fix the problem they created. President Obama should reinstate the draft, and draft everyone of them into the military and in lieu of going to Iraq or Afghanistan, they can choose to do their time at AIG, at paygrades commensurate with what E-1's make in the service, and fix tha damn thing they created.

Further, I think all the counterparties should not profit either, GS and the other firms new what they were getting into, or should have known the risks that AIG was taking, and they did know it, GS bet against them, any profits made by any of the other counterparties should be payable to the taxpayers in the form of a 20 or 30 year term loan.

 

[Fractals 'R Us]

Quote from Thunderdog:

To the extent that bonuses are calculated and paid in any way remotely related to financial performance, there should be recourse. If employees fraudulently hid the extent of their corporate decimation until after they were entitled to their bonuses, then that deceit should not play in their favor.

For a bunch of capitalists you've all suddenly gone bureaucratic. Capitalism is as much about accountability as it is about reward.

They are mostly sales bonuses with legally binding contracts. They have the contracts, they made the sales, and some bastards that can't find their ass with both hands after election day want to stride in wide between the legs and take their money!! This is America, nobody has to put up with bullshit like that...

 

[Arnie]

Quote from mschey:

While I don't think government should be able to break contracts in general, i do agree with you on AIG. In effect, AIG is in bankruptcy, while not legally, they are not able to cover their capital needs, and if not for government funds, they would be. In bankruptcy, the contracts can be adjusted, or even voided all together. I think this is the route that should be taken. Declared in liquidation status, and all contracts modified accordingly.

As for the employees....I think if they start to defect, they should be made to stay and fix the problem they created. President Obama should reinstate the draft, and draft everyone of them into the military and in lieu of going to Iraq or Afghanistan, they can choose to do their time at AIG, at paygrades commensurate with what E-1's make in the service, and fix tha damn thing they created.

Further, I think all the counterparties should not profit either, GS and the other firms new what they were getting into, or should have known the risks that AIG was taking, and they did know it, GS bet against them, any profits made by any of the other counterparties should be payable to the taxpayers in the form of a 20 or 30 year term loan.

All of this could have been accomplished by letting them go under. Really, whats the difference? If the couterparties are not to be made whole (your argument re: GS) then why go through this charade of "bailing out" AIG?

 

[Barth Vader]

Quote from Thunderdog:

For a bunch of capitalists you've all suddenly gone bureaucratic. Capitalism is as much about accountability as it is about reward.

Accountability, as regards private business, should occur at the board of directors / shareholders, not some bureaucrat slouching towards the next paid holiday.

 

[omegapoint]

What a unique brand of patriotism thats managed to evolve; one that emphasizes self and has no loyalty to anything except tenets that insulate self interest at the expense of the majority.
That resembles piracy more than freedom; freedom to what ...fuck your neighbor. The forefathers would have AIG bonus recepients pilloried in the square along with the lawyers
who drafted their contracts. This isn't even about individualism, its about lawyers who've substituted contracts in place of an ethically based society. At the rate America is graduating lawyers and MBAS, needing to earn their livings by turning inwards for it, the future holds more of the same
...middle class taxpayers out of the loop ...class warfare, hell yes.