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Is AIG the most depraved insurance company in history?

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rollingrock Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-18-09 03:55 PM
Original message
Is AIG the most depraved insurance company in history?
 
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Posted on YouTube: April 18, 2009
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Posted on DU: April 18, 2009
By DU Member: rollingrock
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20/20 report
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elleng Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-18-09 04:08 PM
Response to Original message
1. Maybe/maybe not.
What do we know about Lloyds?
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PA Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-18-09 04:11 PM
Response to Original message
2. K & R. These crooks need to be exposed.
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rollingrock Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-18-09 04:28 PM
Response to Reply #2
4. You know a corporation has to be really shady
Edited on Sat Apr-18-09 05:07 PM by rollingrock
to get even a free-market apologist like John Stossel riled up and up in arms about it.
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flvegan Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-18-09 04:16 PM
Response to Original message
3. As Manchester United's main sponser, most definitely.
:hide:
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sattahipdeep Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-18-09 07:47 PM
Response to Original message
5. United Arab Emirates
Meanwhile, AIG said Thursday it completed the sale of its wealth management arm AIG Private Bank Ltd. to Aabar Investments PJSC of Abu Dhabi.

Under terms of the agreement, the United Arab Emirates-based investment company paid about $253 million, and assumed about $55 million of intra-company loans outstanding to AIG Private Bank.

http://www.oregonlive.com/business/index.ssf/2009/04/zurich_financial_to_buy_aig_un.html


....
To date, their criminal-government schemes have cost taxpayers hundreds of billions of dollars.

And how did it start? When George Bush Sr., Bill Casey and Oliver North initiated their plan of fraud and drug smuggling, they envisioned using 500 men to raise $35 billion.

When "Iran Contra" finally fell apart, they ended up using 5,000 operatives and making $350 billion in illegal secret operations.

Martin tells the facts that have been ignored and/or covered-up for almost 20 years. The book includes many detailed descriptions of frauds committed by Bush family members -- specifically George Bush Sr., George Bush, Jr., Neil Bush and Jeb Bush. These include the Trinity Gas and Oil Fraud, the Tri-Lateral Investment Fraud, the Harken Energy Fraud, as well as many other major high-yielding real estate, insurance... (AIG)... and bank frauds in Florida, Colorado and Texas.

"The Conspirators: Secrets of an Iran Contra Insider"
by Lt. Cmdr. Al Martin, US Navy
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radhika Donating Member (563 posts) Send PM | Profile | Ignore Sat Apr-18-09 08:18 PM
Response to Original message
6. They Can't Be Shamed - It's their Business Model
I think if we looked at any world-class, mega corporation we would see equally sordid stories. That much wealth doesn't flow spontaneously to the Top as profits. It has to be systematically extracted from all other parties.
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cooolandrew Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-18-09 09:45 PM
Response to Original message
7. Stopping corporate degradation in Food, money and air quality are prime reasons>
Edited on Sat Apr-18-09 09:56 PM by cooolandrew
to do everything humanly possible in stopping Republicans ever regaining office our lives literally depend on it. No matter all the tea bag nonsense we can all sleep easier knowing our food is cleaner, the money system is address at least to some level and air that we breath is sweeter. One day their supporters will wake up and acknowledge we saved their behinds from a fate worse than death, in world created out of their own greed clearly the deadliest sin. I'm all fior the spending regardless some may cut it when we share the bounty we all become more wealthy in heart, mind pocket snd spirit the dividends will be 10 fold. Whether at federal level or just at home.

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tomreedtoon Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-18-09 11:13 PM
Response to Original message
8. That's like comparing child abusers. Kinda pointless.
Insurance companies are all bookies, and bookies that do everything they can to keep from paying off. Some are more evil than others, sure, but when you're a kid and being beaten by a child abuser, the comparison between a baseball bat and two-by-four hitting you is not important. You just want the beatings to stop.
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