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March 02, 2009

Comments

Kim

David Glovin, I don't know whose side you are on but it seems to me that if there was fraud there and still is then let the man go after them, investigations will reveal the whole story, I think it is great he wants to cleanse the world of fraud because it has now fallen upon him. The end result should be that he spends his billions framing them to uncover the whole truth. I am appauled at the fact that they have been given so much with so little resposnibility. If Greenberg is invovled too it will come back to bite him in the end. Meanwhile we are getting the doors opened up with this at his expense not yours and mine. It is our money they are throwing away. Sue the hell out of them Greenberg, get it investigated and shut it down. It was once said that Insurance companies will be the death of this country's ecconomy and it is. In fact Iwill sign a petition to help get the case going if someone will get it online.

williambanzai7

BOHEMIAN BAILOUT AIG
(Bohemian Rhapsody, Queen)
WilliamBanzai7

Sing along link: http://www.youtube.com/watch?v=irp8CNj9qBI

Is this the real world-
Is this warped bailout fantasy-
Caught in a market dive-
No escape from financial reality-
Open your eyes
Look up to the TARP bailout skies and see-
We're just a poorly managed sham, we need financial sympathy-
Because its easy come,easy go,
Trade a little high,little low,
Anyway the market winds blow, doesnt really matter to AIG,
To AIG

Obama, just watched the AIG bailout scam,
Put a derivative gun against Uncle Sam's head,
Pulled the trigger, now the Fed budget's red,
Obama, your Presidential term had just begun,
But now the TARP money's gone and Geithner's thrown it all away-
Obama ooo,
Did'nt mean to make you cry-
If the DOW is not back this time tomorrow-
Carry on, carry on, as if moral hazard dosnt really matter-

Too late, our time may have come,
Spending taxpayer nickels and dimes-
Wallets aching all the time,
Goodbye everybody-this bailout scams got to go-
Gotta leave this joke behind and face the truth-
Obama ooo- (any way the market wind blows)
The economy may have to dive,
Sometimes its like Adam Smith was never born at all-

I see a little silhouetto of a bailout man,
Alan Greenspan, Alan Greenspan come and do the bailout tango-
Thunderbolt and lightning-very very frightening me-
Asset Bubble
Asset Bubble
Market maestro-magnifico-
Im just a greedy Wall Street con man and nobody loves me-
Hes just a Wall Street con man with an Ivy League pedigree-
Spare him his life from Chapter 11 insolvency-
Bailout easy come easy go-,will you give me bailout dough-
Bismillah! no,we will not give him bailout dough-let him go-
Bismillah! no, we will give him more bailout dough- don't let him go
Bismillah! we will not give you bailout dough-let you go
Will not let you go-let him go
Will let you go won't let him go
No,no,no,no,no,no,no-
Oh mama mia, mama mia AIG let them go-
Beelzebub has a devil put money aside for A, for I, for GGGGGGGGG-

So you think you can scam us and spit in our taxpayer eyes-
So you think you can shtup us and leave us to die-
Oh baby-cant do this to us baby-
Just gotta get out-just gotta get right outta here-

In the end
Nothing really matters,
Only AIG and rampant greed,
Nothing really matters-,nothing really matters but greed,

Thats the way the Wall Street wind blows....

willliambanzai7

BOHEMIAN BAILOUT AIG
(Bohemian Rhapsody, Queen)
WilliamBanzai7

Sing along link: http://www.youtube.com/watch?v=irp8CNj9qBI

Is this the real world-
Is this warped bailout fantasy-
Caught in a market dive-
No escape from financial reality-
Open your eyes
Look up to the TARP bailout skies and see-
We're just a poorly managed sham, we need financial sympathy-
Because its easy come,easy go,
Trade a little high,little low,
Anyway the market winds blow, doesnt really matter to AIG,
To AIG

Obama, just watched the AIG bailout scam,
Put a derivative gun against Uncle Sam's head,
Pulled the trigger, now the Fed budget's red,
Obama, your Presidential term had just begun,
But now the TARP money's gone and Geithner's thrown it all away-
Obama ooo,
Did'nt mean to make you cry-
If the DOW is not back this time tomorrow-
Carry on, carry on, as if moral hazard dosnt really matter-

Too late, our time may have come,
Spending taxpayer nickels and dimes-
Wallets aching all the time,
Goodbye everybody-this bailout scams got to go-
Gotta leave this joke behind and face the truth-
Obama ooo- (any way the market wind blows)
The economy may have to dive,
Sometimes its like Adam Smith was never born at all-

I see a little silhouetto of a bailout man,
Alan Greenspan, Alan Greenspan come and do the bailout tango-
Thunderbolt and lightning-very very frightening me-
Asset Bubble
Asset Bubble
Market maestro-magnifico-
Im just a greedy Wall Street con man and nobody loves me-
Hes just a Wall Street con man with an Ivy League pedigree-
Spare him his life from Chapter 11 insolvency-
Bailout easy come easy go-,will you give me bailout dough-
Bismillah! no,we will not give him bailout dough-let him go-
Bismillah! no, we will give him more bailout dough- don't let him go
Bismillah! we will not give you bailout dough-let you go
Will not let you go-let him go
Will let you go won't let him go
No,no,no,no,no,no,no-
Oh mama mia, mama mia AIG let them go-
Beelzebub has a devil put money aside for A, for I, for GGGGGGGGG-

So you think you can scam us and spit in our taxpayer eyes-
So you think you can shtup us and leave us to die-
Oh baby-cant do this to us baby-
Just gotta get out-just gotta get right outta here-

In the end
Nothing really matters,
Only AIG and rampant greed,
Nothing really matters-,nothing really matters but greed,

Thats the way the Wall Street wind blows....

WTF?

Shouldn't the title read...
Hank Greenberg sues US Taxpayer?

In a logical world the judge would laugh at him and say "you were the CEO of this company Mr. Greenberg, you had to know it was a scam yet you chose to keep stock in the company, equities are risky and I'm sorry but you lost. Your lawsuit is thrown out of court...and by the way, while you are here today we will be trying you for fraud and placing you under arrest."

willliambanzai7

DON'T BUY ED LIDDY'S-WURST
(Shticks of One Kind and Half Dozen of the Other [aka The Liverwurst Song], Allen Sherman)
WilliamBanzai7

He wheels his AIG wheelbarrow
Through downtown streets that are so narrow,
The barrow is narrow, but the losses are too wide.
So wherever he wheels it,
The markets flee it,
This AIG dog keeps scraping the bottom on all sides.
In New York fair city,
Where the banks are such a pity,
That AIG trolley stands out 'cause its Uncle Sam's bailout folly.
I dont mind the bailout stats--but,
It's not only that--
It's Greenberg's rotten leftover chicken fat.

I know a man, his name is Liddy,
And he has a neon for sale sign.
And Mister Liddy is gettin very old,
So they call it Old Liddy's Sign.

Oh what have you done, Willumstead, Willumstead.
Oh what have you done, charming Willy.
They took almost every TARP cent
From the U.S. Government,
Which you're company spent on subprime crap, which is silly.

[part sung by Elliot Spitzer]
All day, all night, you can hear old Hank Greenberg rant.
That's all we hear is the Greenberg rant.
What foolishness can he do that Marty Sullivan can't?
Big deal, shooting Starr, the Greenberg rant.

Oh the moon is bright tonight upon Geithner's bailout car wash.
So AIG's getting washed again.
But the way things are going, with, the way their luck is,
Just as soon as they're finished, it will rain more toxic sludge.

On top of Old Smoky,
All covered with hair,
Of course I'm referring
To Smoky the bear market Bear.

Every time you take Dr. Bernanke's bailout vaccine,
Take it orally.
As you know the other way
Is more painfully.

Grandma's Ponzi portfolio was the best ever made
By Bernie Madoff & Company.
Just like the annual outlook Martin Sullivan displayed
One night on CNBC.
Oh "our models work so perfectly,
They make a ticking sound."
Ya just like a time fused derivative bomb,
And that's how AIG drowned.

Don't make a stingy bailout sandwich.
Pile the dodgy assets higher.
Customers should see stale leveraged salami,
Coming through the moldy asset backed rye.
Oh we can diet all day and we can diet all night,
It's enough to drive us bats.
Got no financial gravy or potatoes,
'Cause the whole refrigerator's
Fulla rotten derivative leftovers
Fare thee well, Goldman, Lehman, Bear Stearns, Merrill
And the others of that ilk.
Let the financial diet start tomorrow,
'Cause today we drown in our sorrows
In a triple malted bailout milk.

So when you go to the AIG bailout store,
Don't buy Ed Liddy's-wurst.
Don't buy Ed Liddy's-wurst.
Don't buy Ed Liddys-wurst.
I repeat what I just said before,
Don't buy Ed Liddy's-wurst.
Don't buy Ed Liddy's-wurst.
Oh buy the AIA beef if you must,
The Alico herring you can trust,
And the IFLC lox puts you in orbit AOK.
But that big hunk of Ed Liddy's-wurst
Has been there since last October First,
And today is FEBRUARY 28.
So when you go to the AIG bailout store,
Don't buy Ed Liddy's-wurst.
Don't buy Ed Liddy's-wurst.
Don't buy Ed Liddy's-wurst.
It'll make your insides awful sore.
Don't buy Ed Liddy's-wurst.
Don't buy Ed Liddy's-wurst.

I was hoping you would write about this article. Greenberg was partially to blame like Hitler was partially to blame for WWII. It wasn't all his idea, but he was in charge.

It's sweet when you can slip out before the fall (Jack Welch, Hank Greenberg), take the moral high ground, and go on Charlie Rose/write for Businessweek and take potshots at your successor.

"Sure, I cut the wood. Yeah, I stacked it, dried it, and built a huge fire pit with it. But he lit the match! He lit the match! Nobody saw it coming!"

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