Old Salt Posted March 19, 2009 Posted March 19, 2009 And knowing about it, it's amazing they have the gonads to make such a big ruckus about the bonuses. Oh, that's right. They're ALL politicians first, patriots second. Quote
phreakwars Posted March 19, 2009 Posted March 19, 2009 I'm thinking TONS of members of congress were in on it. I understand AIG insures congressional pension funds. Get this, AIG, basically secured home loans, then turned around and secured HEDGE FUND trades that these loans would fail!! They actually insured greedy hedge funds by saying they too think the loans they gave will fail... WTF!!!! It's a huge ass consumer ripoff scheme... They frikken get you to buy a house you can't afford, knowing fully well you'll fail, get your home and other savings possessions and securitys, all kinds of crap, to pay people who said they wanted you to fail. I smell more then Chris Dodd behind this, the American people need to know who had their hands in the cookie jar, and decided to screw over taxpayers.. Go ahead and blame Democrats if it makes you feel better, I'll bet the REAL truth is every damn one of them in Washington Rep, Dem, and Ind and every sucker in between. Frikken CAPITALISM !! . . Quote https://www.facebook.com/phreakwars
ImWithStupid Posted March 19, 2009 Posted March 19, 2009 I'm thinking TONS of members of congress were in on it. I understand AIG insures congressional pension funds. . . That was a hoax. FactCheck.org: Did Congress bail out AIG because it insures members' pensions? Quote
ImWithStupid Posted March 19, 2009 Posted March 19, 2009 Get this, AIG, basically secured home loans, then turned around and secured HEDGE FUND trades that these loans would fail!! They actually insured greedy hedge funds by saying they too think the loans they gave will fail... WTF!!!! It's a huge ass consumer ripoff scheme... They frikken get you to buy a house you can't afford, knowing fully well you'll fail, get your home and other savings possessions and securitys, all kinds of crap, to pay people who said they wanted you to fail. I smell more then Chris Dodd behind this, the American people need to know who had their hands in the cookie jar, and decided to screw over taxpayers.. Go ahead and blame Democrats if it makes you feel better, I'll bet the REAL truth is every damn one of them in Washington Rep, Dem, and Ind and every sucker in between. Frikken CAPITALISM !! . . I was mostly blaming Dems for the Dodd amendment. The whole issue goes far and wide, but it's known that it was mostly Dems that obstructed any attempt to reign in Freddy and Fannie, while getting gobs of money from them and all the other players in the mess, Dodd's buddies at Countrywide were some of the biggest movers of bad loans there was. Also contrary to popular belief, most of the Wall Street exects at Leiman, Goldmand Sachs, Citi, and such are dyed in the wool Dems who also gave big money to Obama and Congressional Dems. 1 Quote
eddo Posted March 19, 2009 Posted March 19, 2009 And knowing about it, it's amazing they have the gonads to make such a big ruckus about the bonuses. Oh, that's right. They're ALL politicians first, patriots second. They are making a ruckus about the bonuses so people won't notice how AIG sent $62 billion of their bailout money (taxpayer $$$) to other countries Quote I'm trusted by more women.
ImWithStupid Posted March 19, 2009 Posted March 19, 2009 and the plot thickens... Dodd: Administration sought bonus limit revision "I'm the one who has led the fight against excessive executive compensation, often over the objections of many," said Dodd, the chairman of the Senate Banking Committee. "I did not want to make any changes to my original Senate-passed amendment, but I did so at the request of administration officials, who gave us no indication that this was in any way related to AIG." He added: "Let me be clear: I was completely unaware of these AIG bonuses until I learned of them last week." Dodd did not name the administration officials in his statement, which came a day after he told CNN that he had nothing to do with the change in the provision. In his statement Wednesday, Dodd said he was referring to action to protect AIG. Dodd: Administration sought bonus limit revision Dodd is throwing the White House under the bus to try and save his a$$. There was talk that he was already questionable in getting re-elected before this came to light. Quote
snafu Posted March 19, 2009 Posted March 19, 2009 I think they all knew. Anybody with a lawyer degree knew. Which one of those on capitol hill didn't know that CEO's had a contract with bonus stipulations in them? These contracts were made years ago but Obama pushed these packages down our throats. What happened to transparency? What happened to five days being be able review and vote on ? They knew they couldn't stop it easily because that would have to breach their contracts. Or you could cut the crises bull and let people read, review and vote properly on a properly writtin bill if in fact that is the fix. Again they all knew of the contracts. The thing is this it was ALLOWED! ing Democrats are having a hay day. They got their wishing star and by god they're gonna use it! Quote "You can't stop insane people from doing insane things by passing insane laws. That's just insane!" Penn & Teller NEVER FORGOTTEN
eddo Posted March 19, 2009 Posted March 19, 2009 Again they all knew of the contracts. The thing is this it was ALLOWED! ing Democrats are having a hay day. They got their wishing star and by god they're gonna use it! I would have more of an issue with the Gov't saying that the contracts didn't have to be adhered to. Do we really want the Government deciding which contracts are good and which ones aren't? I don't think so. Now, had "No bonus payouts" been put in to the language of the deal for AIG to accept the bailout money, that would be different. But that wasn't the case. I don't like that they paid out bonuses, and have to wonder how the hell anybody qualified for a bonus, but it's better than gov't overstepping it's bounds. hell, Barney Frank is all over the media saying how the Federal Government "owns" AIG, and as such they should file a lawsuit to get all the money back. Holy crap folks. Socialism is here. Now. Good luck... Quote I'm trusted by more women.
snafu Posted March 19, 2009 Posted March 19, 2009 I would have more of an issue with the Gov't saying that the contracts didn't have to be adhered to. Do we really want the Government deciding which contracts are good and which ones aren't? I don't think so. Now, had "No bonus payouts" been put in to the language of the deal for AIG to accept the bailout money, that would be different. But that wasn't the case. I don't like that they paid out bonuses, and have to wonder how the hell anybody qualified for a bonus, but it's better than gov't overstepping it's bounds. hell, Barney Frank is all over the media saying how the Federal Government "owns" AIG, and as such they should file a lawsuit to get all the money back. Holy crap folks. Socialism is here. Now. Good luck... Exactly we can't have the government intervening in pre-written contracts. They felt it had to be done NOW and they knew litigation for circumventing these contracts would take forever. Quote "You can't stop insane people from doing insane things by passing insane laws. That's just insane!" Penn & Teller NEVER FORGOTTEN
snafu Posted March 19, 2009 Posted March 19, 2009 As ty as it was those suckers had a legal right to those bonuses. Hay... any Obama fanatics out there please tell me were the transparcy is? Bunch of crap! 1 Quote "You can't stop insane people from doing insane things by passing insane laws. That's just insane!" Penn & Teller NEVER FORGOTTEN
phreakwars Posted March 19, 2009 Posted March 19, 2009 Now available at rock bottom prices AIG HQ to sell at fraction of price - Crain's New York Business . . Quote https://www.facebook.com/phreakwars
Old Salt Posted March 19, 2009 Posted March 19, 2009 They are making a ruckus about the bonuses so people won't notice how AIG sent $62 billion of their bailout money (taxpayer $$$) to other countriesI haven't really heard anything about this except that money was sent to foreign institutions. My question would be, Was this a contractual obligation such as payout on insurance losses? Or was it just investment. Big difference because payout on insurance losses is one of the reasons they needed the bailout (besides mismanagement ). Quote
RoyalOrleans Posted March 19, 2009 Posted March 19, 2009 I, for one, am a lot more curious as to what Barney Frank's boytoy was up to at Fannie Mae while he was busy protecting that institution from President George Bush's attempts at reform, than I am in sending the New York Attorney general on a witch hunt for executives who received bonus payments pursuant to a contract. Quote To be the Man, you've got to beat the Man. - Ric Flair Everybody knows I'm known for dropping science.
RoyalOrleans Posted March 22, 2009 Posted March 22, 2009 Heritage New Media Partners, Inc. - NMA TV - McCotter (R-MI) Unloads on Dems Over AIG 1 Quote To be the Man, you've got to beat the Man. - Ric Flair Everybody knows I'm known for dropping science.
eddo Posted March 22, 2009 Posted March 22, 2009 Heritage New Media Partners, Inc. - NMA TV - McCotter (R-MI) Unloads on Dems Over AIG Spot on RO. Quote I'm trusted by more women.
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