On Thu, Mar 19, 2009 at 9:39 AM, Bob Calco <[email protected]> > > 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. ----------------------
That would have sucked European and Asian markets into the toilet had we just shut the doors on AIG. > 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. -------------------------------- That is all old news. When the Fed came in to save the day TWICE I cannot see how the managers felt that they SHOULD honor the bonus that "you still ave a job, here is a few hundred thousand." I cannot see how the folks in the NY Fed bank would allow this to happen. I enjoyed hearing how the public was up in arms and even threatening these semi worthless scum. I don't want them to get hurt, I just enjoyed the fact that they were receiving the message from America. Loud and clear as a matter of fact. Not that it will be remembered two months or maybe weeks from now. > 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. ------------------- To keep the world markets from hitting the toilet. > 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????? > 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. I thought that I read yesterday that these were just a guarantee, nothing tied to actual work. What a crock. > 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. I am glad that the country perked up and didn't allow them to get away without a fight. They are just crooks boosting up rates to glorify their personal revenue stream. they are the true pushers of the killer inflation in 2008. > 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. ------------------ yep -- Stephen Russell Sr. Production Systems Programmer Web and Windows Development Independent Contractor Memphis TN 901.246-0159 _______________________________________________ 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.
