Kmar
Truth is my Bitch
+5,695|7015|132 and Bush

Three words that should never be considered in the same sentence. Good/Great & Crisis.
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Vax
Member
+42|6266|Flyover country
The AIG execs are going to get grilled, too many people noticed this and are mad.

But yup, I agree it was their own fault for not putting oversight on a fricken BAILOUT ...

*sigh
Kmar
Truth is my Bitch
+5,695|7015|132 and Bush

Vax wrote:

The AIG execs are going to get grilled, too many people noticed this and are mad.

But yup, I agree it was their own fault for not putting oversight on a fricken BAILOUT ...

*sigh
As they should be.. but again, shouldn't the enablers have their feet put to the fire also. Chances of that happening __.
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Catbox
forgiveness
+505|7130
Obama... 1 and done... guaranteed... He is not ready for the big leagues... It's more apparent everyday...
and i am not just talking about the economy... I only hope that the conservatives get their act together for 2010 and 2012?   
I would prefer Hillary at this point... and that is saying a lot...
Love is the answer
Kmar
Truth is my Bitch
+5,695|7015|132 and Bush

"Obama berates AIG and vows to try to block bonuses"

This brings up am interesting question. How would he do that? An executive order? .. (Don't think so)
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Karbin
Member
+42|6708

Karbin wrote:

Stingray24 wrote:

Why isn't anyone howling at the government?  They didn't place any meaningful oversight into the "bailout".  These are legal contracts that must be honored.  As soon as the government is able to alter legal contracts of private companies as they see fit the end is nigh.
They've been doing that to the auto industry as well (breaking legal contracts) and MOST are sitting on the side lines cheering. So how dose AIG get a pass?
Same way
Varegg
Support fanatic :-)
+2,206|7224|NÃ¥rvei

[TUF]Catbox wrote:

Obama... 1 and done... guaranteed... He is not ready for the big leagues... It's more apparent everyday...
and i am not just talking about the economy... I only hope that the conservatives get their act together for 2010 and 2012?   
I would prefer Hillary at this point... and that is saying a lot...
And how could a conservative President have done it any differently ... with Bush you would still have a bailout, with Bush you would still have greedy fuckers on their high horses not offering a shred of conscience for anyone but themselves ...

Or you really that shallow that you think anything about this crisis would have been different with a republican in office?

Get a grip ffs ...

Kmarion wrote:

"Obama berates AIG and vows to try to block bonuses"

This brings up am interesting question. How would he do that? An executive order? .. (Don't think so)
He could do just that ... isn't AIG 80% owned by the government? ... I believe I breifly overheard that on the news yesterday, not entirely sure though
Wait behind the line ..............................................................
Kmar
Truth is my Bitch
+5,695|7015|132 and Bush

Even as a GOC I don't think it's up to one man making the call. It most certainly is not the role of the executive branch. The executive branch does not control the money or financial decisions. I can't see how the Supreme Court (since it would undoubtedly be challenged) could rule that as constitutional. I'm sure when he said he would work to block it he meant with his congressional buddies.

Of course we were told in September that the government had "seized control" of AIG.
http://online.wsj.com/article/SB1221652 … lenews_wsj
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Mekstizzle
WALKER
+3,611|7035|London, England
We had the same shit here recently with the former chairman of RBS and his pension, basically our government screwed up just like yours and forgot to put in any measures to stop them doing this, so they did it and now they can't do anything to undo it. Stupid idiots giving out public money to private people, with no rules or strings attached

And now they're like "oh wait" - well it's too late for that shit.

Obama said "pursue every legal avenue" - It's almost exactly like what Gordon Brown said, they can't do shit now and they know it. I'll be surprised if they do manage to do something

Last edited by Mekstizzle (2009-03-17 06:00:31)

usmarine
Banned
+2,785|7176

the funny part is most of these bonuses went to the london office.  not to mention some of the bail out money got sent to barclays and some banks in germany and france.  kind of like a under the table bail out.
lowing
Banned
+1,662|7065|USA

Braddock wrote:

I want to see lowing's rage and bile on this issue... these guys could technically be described as freeloaders now seeing as their partying on tax payers money and yet they continue to shower themselves in bonuses while the economic world burns to the ground. I want to see lowing chastize some Capitalists for a change!

I've also read recently that AIG have spent bail-out money on a PR firm to make themselves look better in the public eye and on lobbyists to oppose amendments to the rules regarding union membership... these guys really are taking the piss at this stage.
I'm sorry Braddock, I kinda thought I made myself perfectly clear as to how I felt about bailouts. As for the bonus's, IF our govt. did not hand out bailouts, these bonus's would not be paid by the tax payers. I am not sure if I could be any clearer.


I am against any govt. intervention in private business. Now you know why.
Kmar
Truth is my Bitch
+5,695|7015|132 and Bush

Varegg wrote:

Kmarion wrote:

"Obama berates AIG and vows to try to block bonuses"

This brings up am interesting question. How would he do that? An executive order? .. (Don't think so)
He could do just that ... isn't AIG 80% owned by the government? ... I believe I breifly overheard that on the news yesterday, not entirely sure though

Kmarion wrote:

Even as a GOC I don't think it's up to one man making the call. It most certainly is not the role of the executive branch. The executive branch does not control the money or financial decisions. I can't see how the Supreme Court (since it would undoubtedly be challenged) could rule that as constitutional. I'm sure when he said he would work to block it he meant with his congressional buddies.

Of course we were told in September that the government had "seized control" of AIG.
http://online.wsj.com/article/SB1221652 … lenews_wsj
"Congress looking at huge taxes on AIG bonuses" Thar ya go.. I knew it was out of his power .
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Catbox
forgiveness
+505|7130

Varegg wrote:

[TUF]Catbox wrote:

Obama... 1 and done... guaranteed... He is not ready for the big leagues... It's more apparent everyday...
and i am not just talking about the economy... I only hope that the conservatives get their act together for 2010 and 2012?   
I would prefer Hillary at this point... and that is saying a lot...
And how could a conservative President have done it any differently ... with Bush you would still have a bailout, with Bush you would still have greedy fuckers on their high horses not offering a shred of conscience for anyone but themselves ...

Or you really that shallow that you think anything about this crisis would have been different with a republican in office?

Get a grip ffs ...

Kmarion wrote:

"Obama berates AIG and vows to try to block bonuses"

This brings up am interesting question. How would he do that? An executive order? .. (Don't think so)
He could do just that ... isn't AIG 80% owned by the government? ... I believe I breifly overheard that on the news yesterday, not entirely sure though
are you that shallow that you believe Obama is doing a good job...lol?
We dont know what would happen under McCain... people voted for the messiah...
drop the personal name calling... what i believe is what i believe...no excuses...
I believe that the bonuses shouldn't be paid to anyone who doesn't perform or benefit their company... and if they
suck and run their company into the ground... they should get a boot in the ass out the door...
If they make the business a success they should make as much as the market will bear

My problem is with the hypocrisy
of BO and the govt... republicans included if they were apart of the housing for everyone regardless of ability to pay it back...
How Barney Frank or Dodd or Reid can look at themselves in the mirror in the morning... i have no idea...

Last edited by [TUF]Catbox (2009-03-17 13:25:19)

Love is the answer
Kmar
Truth is my Bitch
+5,695|7015|132 and Bush

Repubs and Dems both pushed this thing through. This is actually the sixth batch of money that they have received. Not bad for being the worst corporate failure in the history of the United States.

They just said that AIG has put armed guards outside of their offices. That's a very smart move. Probably the only one they've made theses last couple of years.
http://www.washingtonpost.com/wp-dyn/co … 61_pf.html
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Turquoise
O Canada
+1,596|6819|North Carolina

Kmarion wrote:

Repubs and Dems both pushed this thing through. This is actually the sixth batch of money that they have received. Not bad for being the worst corporate failure in the history of the United States.

They just said that AIG has put armed guards outside of their offices. That's a very smart move. Probably the only one they've made theses last couple of years.
http://www.washingtonpost.com/wp-dyn/co … 61_pf.html
We should just nationalize those fuckers.  The government already owns like 80% of their stock anyway.
xstax981
Community Modder
+93|7090
Yay, now we're paying bonuses to people not even in the company anymore...

http://biz.yahoo.com/ap/090317/aig_cuom … =insurance

https://img371.imageshack.us/img371/9729/facepalmhy2.gif
Freke1
I play at night... mostly
+47|6961|the best galaxy
I wanna be a CEO when I grow up harharhar
https://bf3s.com/sigs/7d11696e2ffd4edeff06466095e98b0fab37462c.png
lowing
Banned
+1,662|7065|USA

Freke1 wrote:

I wanna be a CEO when I grow up harharhar
you say that as if you would not do it if it were offered to you.Bascally so would every other person in this thread bitching about what they ain't got, and who got what you want.
Kmar
Truth is my Bitch
+5,695|7015|132 and Bush

Turquoise wrote:

Kmarion wrote:

Repubs and Dems both pushed this thing through. This is actually the sixth batch of money that they have received. Not bad for being the worst corporate failure in the history of the United States.

They just said that AIG has put armed guards outside of their offices. That's a very smart move. Probably the only one they've made theses last couple of years.
http://www.washingtonpost.com/wp-dyn/co … 61_pf.html
We should just nationalize those fuckers.  The government already owns like 80% of their stock anyway.
Bankruptcy... like we normally do. I guarantee you a bankruptcy judge would have halted the bonuses. They have the power to wipe away those commitments.

So I'm going to put you down for "C".

Kmarion wrote:

A) To stupid to know beforehand that they were paying bonus's to incompetent fuckups.
B) They just don't care about the fake money our children will have to answer for.
C) Are deliberately trying to collapse the economy in order to seize control of major industries.
D) All of the above.
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Macbeth
Banned
+2,444|6000

lowing wrote:

Freke1 wrote:

I wanna be a CEO when I grow up harharhar
you say that as if you would not do it if it were offered to you.Bascally so would every other person in this thread bitching about what they ain't got, and who got what you want.
Ew I'm going to feel dirty for this but; I have to agree with Lowing.
If you were offered it you sure as hell would take it.
lowing
Banned
+1,662|7065|USA

Macbeth wrote:

lowing wrote:

Freke1 wrote:

I wanna be a CEO when I grow up harharhar
you say that as if you would not do it if it were offered to you.Bascally so would every other person in this thread bitching about what they ain't got, and who got what you want.
Ew I'm going to feel dirty for this but; I have to agree with Lowing.
If you were offered it you sure as hell would take it.
lol, sorry you were forced to agree.
Turquoise
O Canada
+1,596|6819|North Carolina

Kmarion wrote:

Turquoise wrote:

Kmarion wrote:

Repubs and Dems both pushed this thing through. This is actually the sixth batch of money that they have received. Not bad for being the worst corporate failure in the history of the United States.

They just said that AIG has put armed guards outside of their offices. That's a very smart move. Probably the only one they've made theses last couple of years.
http://www.washingtonpost.com/wp-dyn/co … 61_pf.html
We should just nationalize those fuckers.  The government already owns like 80% of their stock anyway.
Bankruptcy... like we normally do. I guarantee you a bankruptcy judge would have halted the bonuses. They have the power to wipe away those commitments.

So I'm going to put you down for "C".

Kmarion wrote:

A) To stupid to know beforehand that they were paying bonus's to incompetent fuckups.
B) They just don't care about the fake money our children will have to answer for.
C) Are deliberately trying to collapse the economy in order to seize control of major industries.
D) All of the above.
To be honest...  I wouldn't mind C at this point.
Karbin
Member
+42|6708

lowing wrote:

Macbeth wrote:

lowing wrote:


you say that as if you would not do it if it were offered to you.Bascally so would every other person in this thread bitching about what they ain't got, and who got what you want.
Ew I'm going to feel dirty for this but; I have to agree with Lowing.
If you were offered it you sure as hell would take it.
lol, sorry you were forced to agree.
If it was to replace one of the twits in Detroit, I'd take it for what I had last year.
I couldn't do any worse then they are, and could bring a different  out look to what needs to be done.
(then I can say that as I know it ain't gona happen)

Kmar
Truth is my Bitch
+5,695|7015|132 and Bush

Turquoise wrote:

Kmarion wrote:

Turquoise wrote:


We should just nationalize those fuckers.  The government already owns like 80% of their stock anyway.
Bankruptcy... like we normally do. I guarantee you a bankruptcy judge would have halted the bonuses. They have the power to wipe away those commitments.

So I'm going to put you down for "C".

Kmarion wrote:

A) To stupid to know beforehand that they were paying bonus's to incompetent fuckups.
B) They just don't care about the fake money our children will have to answer for.
C) Are deliberately trying to collapse the economy in order to seize control of major industries.
D) All of the above.
To be honest...  I wouldn't mind C at this point.
..and I thought you were a Ron Paul fan.
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specialistx2324
hahahahahhaa
+244|7103|arica harbour
the problem with the stimulus package, even though it gets more money to the needed economic system of the US, it does very little to fix the system namely greedy CEO's. this is what happens when government does not regulate big businees.

Im not trying to be religious when i say this " money is the root of all evil"

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