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March 16, 2009

Comments

Therepartly

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Ron

The bonus payout excesses at AIG are just the tip of the iceberg of what is happening with the other Wall Street bailouts including Bank of America. Working productive Americans are bailing out the same crooks that destroyed our economy along with 45% of the wealth in the world and now the American taxpayers and our children will be forced to live a far lower standard of living with reduced prosperity and opportunities due to this but only we pay the price.

Washington has bailed out the banks, Wall Street & their Washington special interests and much of the cost is added to the national debt to by paid by this and future generations while real estate and investments continue to fall. Find out what a growing repudiate the debt movement could mean for treasuries, the dollar, gold and the stock market and how this is a better alternative than Washington’s plans to monetize the debt in future years and tax and destroy our remaining wealth by depreciating the dollar.

The Campaign to Cancel the Washington National Debt By 12/21/2012 Constitutional Amendment is starting now in the U.S. See: http://www.facebook.com/group.php?gid=67594690498&ref=ts

Browner

They are a govt company now, it's impossible to fire civil servants... additionally, I can't imagine that anyone worth their salt is sticking around which means these bonuses are going empty suits and those geniuses that got them where they are now. The Untouchables

williambanzai7

BUGGER OFF YOU BAILOUT BASTARDS
(Bugger Off, Irish Drinking Song)
WilliamBanzai7

HAPPY ST PATRICK'S DAY 2009

Sing along: http://www.youtube.com/watch?v=jbrzZWLu6Qw

Chorus:
So bugger off, you Wall Street bastards bugger off! (Fook Yu!)
Bugger off, you deadbeat bastards bugger off! (Fook Yu!)
Like a herd of bloody swine that refuse to leave the trough
You'll get no more this evening so you bailout bastards bugger off

AIG you've been a lovely bailout zombie, but oh the time does pass.
So don't you all be bettin' the Feds won't kick you in the ass.
You've been a splendid bailout basket case, but enough is enough.
We'd take it very kindly AIG if you'd all just bugger off!

Chorus

Here's to all the bankers and lawyers who've been servin securitized beers,
and puttin up their knoxious greed and their stupid drunken schemes.
So leave your money on their table when you go,
tomorrow you'll have a sorry head and nothin left to show

Chorus

Here's to all them bailout bag ladies who might be waitin with pans in their hands,
and thinkin one of them might make a charmin one night stand.
Please don't be offended girls this song is not for you.
Uncle Sam will be happy to oblige you to get this nasty job through.

Chorus

So Timmy G you've been promisin these bailout bag ladies a night of lovin bliss,
but truth be told your far to drunk on bailout swill to stand up straight and piss.
So give it up you lousy sod you'll not be gettin laid.
and the sooner that you're out the door the sooner Uncle Sam will get repaid.

Chorus

So bugger off, you Wall Street bastards bugger off! (Fook Yu!)
Bugger off, you deadbeat bastards bugger off! (Fook Yu!)
Like a herd of fooking swine that refuse to leave the trough
You'll get no more this evening so you bailout bastards bugger off


fletch

larry summers should shut up now and save us all the angst.

eric

Right Banzai....I can go in for half the price and send out bid lists and phone counterparties up and say, "We need to tear this swap up...I show me paying you $3mm.....you see $3.5mm? How does $3.25mm work...done? Ok thanks."

Funny AC, mrs salzman said the same thing just now.."If we didn't help them they would have gone to bk....and then all those contracts would just have to get in line with everyone else!" I'm so proud of her!

A C Shareholder

Do you one better Eric. If we had put this blackhole in bankruptcy to begin with those "contracts" we seem so intent on paying on would mean absolutely squat. Bankruptcy is a powerful tool for getting rid of stupid contracts that should have never been signed to begin with. Can't wait for the next 30 - 40 billion we are going to have to pay to these hole of a company. Maybe then Timmy can get it through his pea of a brain that every dollar in AIG is a sunk cost. As Denis Gartman says, never put more money into a bad trade.

williambanzai7

Perhaps you an edify me on something. What exactly are these "best and brightest" AIGFP geniuses doing over in London. I thought they should be winding down the portfolio. Which essentially means doing nothing since no one wants to buy the junk. Are they putting on hedges? I can't imagine how that would work. Who would want to insure the crap they are holding.

Now considering these are people that Fooked everything up, why would anyone want them to stick around to cover their asses? Usually its better to bring in an undertaker to prep the corpse.

Moreover, I can't recall reading anywhere that AIG is laying people off.

This whole situation boggles the mind.

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