I think AIG was laundering money to other banks with ties to Washington politicians. We'll never know because these weasels are way too good at squashing a story and they have the press in their back pocket.
************************************************* I'm Surviving The Obama Depression http://www.cafepress.com/rightwingmike/6535062 --- On Thu, 3/19/09, Bob Calco <[email protected]> wrote: > From: Bob Calco <[email protected]> > Subject: RE: [OT] Oh, now I get it > To: "'ProFox Email List'" <[email protected]> > Date: Thursday, March 19, 2009, 10:39 AM > > On Thu, Mar 19, 2009 at 8:13 AM, > Bob Calco <[email protected]> > > wrote: > > >> > > >> These aren't discretionary bonuses, they are > contractual and are > > >> therefore not dependant on public opinion > > >> > > > > > > Precisely. This phony scandal is an attack on the > free market > > contractual > > > system. AIG and these execs are just the pawns de > jure used to > > accomplish > > > what is in fact a very malicious agenda. Frankly, > given Dodd's > > complicity in > > > exempting these bonus arrangements from TARP, and > Congress' > > intentional "no > > > strings attached, we'll just trust the Treasury > Secretary" policy, I > > think > > > they were set up intentionally for this charade. > > ----------------------- > > > > BULL. > > > > How dare you drive this dribble and forget about > foolish business > > practices that were not fiscally prudent and say just > because they had > > a contract written when money was flying in it should > be honored > > today. > > BULL on you. The issues isn't whether we believe AIG was > prudent, if they > were they wouldn't have "needed" a bail out. Frankly I > think the healthier > thing to have done, despite the near term pain, would have > been to let them > fail, go bankrupt and reorganize. > > But once you get idiot politician involved, whose campaign > coffers have been > well-greased by these company execs, look out, this is the > kind of crap you > have to put up with. And the way they manipulate the > situation to destroy > the very underpinning of private contract law should be far > more outrageous > to you than the bonuses themselves---it is an order of > magnitude more > dangerous to our way of life what the Franks and Schumers > are doing with > this bogus scandal than what the execs did. The scale of it > doesn't even > compare. > > Tell me: Do you know why AIG gave $96 billion to Goldman > Sachs and a bunch > of European banks? Of course you don't. This whole scandal > is a distraction > from a much bigger scandal, one that involves the > politicians themselves, or > they wouldn't be putting on this show over a relative drop > in the bucket. > > Wasn't it Schumer himself who during the budget debate > counseled that > Americans simply don't care about tens and hundreds of > millions in "porky > projects" ... why then do they care about some retention > bonuses that the > politicians themselves authorized and are now acting like > they had no idea > was happening????? > > > > > A bonus is just that, extra personal revenue for doing > good work. > > They failed miserably in the good work > department. That failure > > nullifies it IMHO. > > BULL again. No money was paid for performance, all of it > was retention. > Retention for a reason: these people are already fired and > this is an > incentive to keep them aboard long enough for the company > to regroup. > > This whole thing is a tempest in a teapot that depends > entirely on people's > ignorance of the facts and basic impulse of envy and > indignation that > somebody, somewhere, is making more money than them. > > Which you have amply demonstrated affects even allegedly > smart people. > > > > > They were totally bogus charging fees to both sides of > the coin in > > transactions where they pushed a rating so a > transaction could take > > place. They lied about the quality of the paper, > and stated if it was > > not worthy they would make it good. Too bad they > failed to put any > > assets against those promises. > > > > I see no reason to provide those thieves with a > federal funded bonus > > package. > > I see no reason to provide any of these thieves any money > from the Treasury > whatsoever, especially money that doesn't actually exist > and must be > borrowed at exorbitant guaranteed rates from communists who > hate us and want > to see us destroyed. I think it's criminal for them to > receive the money, > because it gives sordid types like Frank and Schumer the > power to act like > dictators, and stupid all the way around for the American > people to allow > this theatre of the absurd to continue. > > - Bob > > > > _______________________________________________ > Post Messages to: [email protected] > Subscription Maintenance: http://leafe.com/mailman/listinfo/profox > OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech > Searchable Archive: http://leafe.com/archives/search/profox > This message: > http://leafe.com/archives/byMID/profox/[email protected] > ** All postings, unless explicitly stated otherwise, are > the opinions of the author, and do not constitute legal or > medical advice. This statement is added to the messages for > those lawyers who are too stupid to see the obvious. > _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
