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caseymoz (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 02:39 PM Original message |
K&R if you think AIG should be liquidated |
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mbperrin (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 02:40 PM Response to Original message |
1. Only one solution for the insolvent and criminal. |
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earth mom (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 10:38 PM Response to Reply #1 |
59. You got that right. Lock em up and throw away the key. nt |
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snot (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 03:03 AM Response to Reply #1 |
77. Too many are MISSING the fact that the BIGGEST Bandits are AIG's CREDITORS |
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TankLV (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 06:55 AM Response to Reply #77 |
87. It's the creditors AND the BONUSES - the BONUSES are a SYMPTOM of what is WRONG... |
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BlooInBloo (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 02:43 PM Response to Original message |
2. They make direct threats to pull out the last Jenga piece. Fuck them. Let them file for bankruptcy. |
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MarjorieG (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 02:46 PM Response to Original message |
3. AIG is more than just the division in trouble. Insures $15 trillion up of insurance. |
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earthside (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 03:04 PM Response to Reply #3 |
8. Six Weeks In |
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galloglas (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 06:59 PM Response to Reply #8 |
46. an immediate crisis that cannot wait for raising awareness ?? |
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robinlynne (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 10:58 AM Response to Reply #8 |
101. geithner needs to go. not because of the bonuses. Because he came from Goldman Sachs. |
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JDPriestly (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 02:34 PM Response to Reply #101 |
109. Geithner and Paulson and Summers -- more corruption. |
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notesdev (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 03:10 PM Response to Reply #3 |
11. We don't need to change laws |
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Enthusiast (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 03:45 PM Response to Reply #11 |
19. No, we need to change the law. |
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caseymoz (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 04:45 PM Response to Reply #19 |
27. Come to think of it, you're right, I was wrong. |
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defendandprotect (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 10:48 PM Response to Reply #27 |
62. Nothing new. . . we're simply reliving past history . . . RE-REGULATE caitalism!!! |
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defendandprotect (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 10:42 PM Response to Reply #19 |
61. No -- that will never be possible,,,you have to regulate caitalism out of existence. . . |
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galloglas (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 07:11 PM Response to Reply #11 |
48. Sadly, no |
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JDPriestly (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 03:34 PM Response to Reply #48 |
114. I'm not so sure that all of their conduct was legal. |
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geckosfeet (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 09:35 PM Response to Reply #11 |
55. The laws taken off the books need to be put back on - in new and improved form. |
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dkf (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 03:19 PM Response to Reply #3 |
12. The whole point was to break it up anyway. |
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caseymoz (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 03:38 PM Response to Reply #12 |
18. I don't know why it has to be stabilized, then. |
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MarjorieG (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 06:31 PM Response to Reply #18 |
39. Too much balck hole, AIG is taking care of the worst assets, as other banks, before stress test. |
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caseymoz (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 07:01 PM Response to Reply #39 |
47. Do you know that much of the money we're putting in this is hidden? |
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MarjorieG (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 10:54 PM Response to Reply #47 |
63. I know, that's why AIG fixation is not helpful. Still Congress against O's effort to protect |
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caseymoz (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 11:50 PM Response to Reply #63 |
67. Sorry to give an impression of being fixated on AIG. |
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JDPriestly (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 03:35 PM Response to Reply #18 |
115. A lot of people rely on AIG for annuities. Many of them are quite elderly. |
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dkofos (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 03:20 PM Response to Reply #3 |
14. That should make it worth a lot of money when it is cleaned up, broken up and sold off. |
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mbperrin (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 05:27 PM Response to Reply #14 |
31. If that were true, then private companies would do it. |
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caseymoz (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 03:34 PM Response to Reply #3 |
16. Then auction off the good policies to solvent insurance companies. |
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JDPriestly (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 07:42 PM Response to Reply #3 |
50. We have antitrust laws. They should be enforced. |
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TBF (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 11:42 PM Response to Reply #50 |
65. Lasagna sitting in there for 8 years - I'm thinking the refrigerator needs to go. n/t |
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JDPriestly (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 11:57 PM Response to Reply #65 |
71. It could happen. I've got a sentimental attachment to the refrigerator |
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TBF (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 08:25 AM Response to Reply #71 |
94. Yes, we can start with that. I'm for prosecuting Bush et al. |
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rhett o rick (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 11:48 PM Response to Reply #3 |
66. Dear Marjorie, WTF? Raise awareness of who? AIG is toxic, we are feeding tens of billions. Something |
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truedelphi (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 01:17 PM Response to Reply #3 |
106. I agree in part. There is a legit aspect to AIG. |
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FreakinDJ (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 02:47 PM Response to Original message |
4. Sell it off NOW |
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MarjorieG (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 06:31 PM Response to Reply #4 |
40. value is unknown. need internal review and getting rid of bad assets. |
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rhett o rick (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 11:50 PM Response to Reply #4 |
69. Nationalize. The government needs to go into the insurance business. Fire allllll the execs. nm |
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Vidar (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 02:52 PM Response to Original message |
5. K&R. |
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Celeborn Skywalker (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 03:00 PM Response to Original message |
6. Absolutely. |
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Hepburn (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 03:01 PM Response to Reply #6 |
7. What he said! n/t |
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dkf (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 03:20 PM Response to Reply #6 |
13. Even if they aren't in trouble? What are we? Venezuela? |
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Donnachaidh (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 03:53 PM Response to Reply #13 |
24. can they PROVE they are NOT in trouble? |
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dkf (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 03:59 PM Response to Reply #24 |
25. The Shadow Shit is how accounting is done in this country. |
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caseymoz (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 05:06 PM Response to Reply #6 |
29. Regulators have been closing them down. |
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chill_wind (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 03:05 PM Response to Original message |
9. AIG has a pretty good insurance policy with DEMs. |
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caseymoz (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 03:49 PM Response to Reply #9 |
21. Oh, with enough pressure, they can be persuaded to throw AIG under a bus. |
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Kurt_and_Hunter (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 03:10 PM Response to Original message |
10. This is super-stupid. We OWN AIG and should realize the best value possible |
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galloglas (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 03:32 PM Response to Original message |
15. I agree, but we are wrong... |
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caseymoz (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 04:40 PM Response to Reply #15 |
26. Remember the S&L's? No judicial objection to that. |
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galloglas (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 06:37 PM Response to Reply #26 |
41. The judiciary was not in the game!! |
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caseymoz (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 10:24 PM Response to Reply #41 |
57. Regulators close bad banks down all the time. |
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TankLV (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 07:05 AM Response to Reply #15 |
89. You STILL don't fucking get it!!! US Steel never used OUR money to SURVIVE!!! |
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Egnever (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 02:44 PM Response to Reply #89 |
113. so your response is to let the whole house of cards colapse |
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Occam Bandage (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 03:36 PM Response to Original message |
17. What will take its place? I mean, seriously. |
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caseymoz (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 05:04 PM Response to Reply #17 |
28. Well, we might wait and see if the economy is demolished anyway. |
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Occam Bandage (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 05:23 PM Response to Reply #28 |
30. I don't think it's a good idea to jab a knife into a patient's kidney on the off-chance |
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caseymoz (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 06:01 PM Response to Reply #30 |
34. That's a person, this is a heartless, soulless corporation. |
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galloglas (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 06:52 PM Response to Reply #17 |
44. How about a Government Bank and Insurance Company?? |
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JI7 (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 06:59 AM Response to Reply #17 |
88. how about breaking it up |
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nilram (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 03:46 PM Response to Original message |
20. ooh, I _never_ K&R when people beg for it... but this time, youbetcha! |
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cliffordu (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 03:50 PM Response to Original message |
22. AIG is a criminal enterprise and should be treated as such. |
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galloglas (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 03:51 PM Response to Original message |
23. Our immediate problem is this. |
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Fire1 (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 05:52 PM Response to Reply #23 |
33. Identical to what I proposed two days ago. The part that |
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caseymoz (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 06:09 PM Response to Reply #33 |
36. No. Not at least as AIGFP handled them. |
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Fire1 (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 06:29 PM Response to Reply #36 |
37. The investors got paid from CDOs and were getting paid |
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caseymoz (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 06:42 PM Response to Reply #37 |
42. I bet it doesn't come out that way. |
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galloglas (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 06:44 PM Response to Reply #33 |
43. Legal? Exactly !!! |
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Fire1 (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 06:59 PM Response to Reply #43 |
45. I totally agree. |
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sabrina 1 (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 10:50 AM Response to Reply #23 |
100. I don't know why this hasn't happened already: |
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yy4me (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 05:49 PM Response to Original message |
32. Not only close them down but seize the building too. It is now |
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Mike 03 (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 06:03 PM Response to Original message |
35. Yes, count me in. AIG needs to be "handled" and its survival is a waste of money. |
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caseymoz (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 10:27 PM Response to Reply #35 |
58. On that, I agree. |
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debunkthelies (290 posts) Send PM | Profile | Ignore | Sat Mar-21-09 06:30 PM Response to Original message |
38. K&R |
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JDPriestly (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 07:36 PM Response to Original message |
49. The company probably committed fraud. They need to be taken |
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JDPriestly (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 07:47 PM Response to Original message |
51. A lot of people rely on AIG annuities for their incomes -- especially very elderly people. |
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droidamus2 (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 09:06 PM Response to Original message |
52. One thing I would like to see |
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47of74 (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 09:16 PM Response to Original message |
53. The government should smash AIG... |
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FVZA_Colonel (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 09:17 PM Response to Original message |
54. Not immediately, but over the course of at least several months. |
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guyton (370 posts) Send PM | Profile | Ignore | Sat Mar-21-09 10:22 PM Response to Original message |
56. fire them for cause, that'll deal with the bonus contracts |
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defendandprotect (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 10:38 PM Response to Original message |
60. I like the new slogan: "If you're too big to fail you're too big" -- !!! |
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backscatter712 (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 11:27 PM Response to Original message |
64. Not liquidated. NATIONALIZED. |
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rhett o rick (1000+ posts) Send PM | Profile | Ignore | Sat Mar-21-09 11:51 PM Response to Reply #64 |
70. YEEEEEEEEEEEES |
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BzaDem (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 04:38 AM Response to Reply #64 |
80. Um, what do you think happened? |
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960 (676 posts) Send PM | Profile | Ignore | Sat Mar-21-09 11:50 PM Response to Original message |
68. It is the only solution for these zombie companies. |
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Jack Rabbit (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 12:03 AM Response to Original message |
72. K/R |
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Gregorian (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 12:23 AM Response to Original message |
73. And what about those who are invested in AIG? |
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TankLV (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 07:17 AM Response to Reply #73 |
91. Sorry - BUT I COULD CARE LESS!!! And I shouldn't, either!!! |
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Gregorian (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 11:24 AM Response to Reply #91 |
105. How ironic. |
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truedelphi (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 01:20 PM Response to Reply #91 |
107. Agree with most of what you say - but retirement via Soc Security |
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femrap (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 12:23 AM Response to Original message |
74. I love Matt...that is |
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Beacool (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 12:50 AM Response to Original message |
75. Oh, please.................... |
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WillowTree (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 01:05 AM Response to Original message |
76. Just out of curiosity... |
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BigBearJohn (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 03:45 AM Response to Original message |
78. k/R THIS LINK IF YOU THINK ALL THE FAILED BANKS SHOULD BE FLUSHED DOWN THE TOILET!!! |
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BzaDem (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 04:35 AM Response to Original message |
79. Typical populist blather |
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the_outsider (258 posts) Send PM | Profile | Ignore | Sun Mar-22-09 05:46 AM Response to Reply #79 |
81. there is no system risk - it's bullshit made up by goldman/treasury crooks and liars |
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BzaDem (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 05:56 AM Response to Reply #81 |
84. That's interesting logic |
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the_outsider (258 posts) Send PM | Profile | Ignore | Sun Mar-22-09 06:26 AM Response to Reply #84 |
85. investment banks are not in the business of directional bets |
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BzaDem (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 07:10 AM Response to Reply #85 |
90. But actual banks were. |
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Optical.Catalyst (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 05:50 AM Response to Original message |
82. AIG should be liquidated or put under strict regulation and oversight |
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ProfessorGAC (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 05:52 AM Response to Original message |
83. As Someone Here Said, Succinctly. . . |
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TankLV (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 06:50 AM Response to Original message |
86. They're TOO BIG, not "too big to fail"...split it up and FORCE BANKRUPTCY already!!! |
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Number_Six (165 posts) Send PM | Profile | Ignore | Sun Mar-22-09 07:44 AM Response to Original message |
92. Where is the CRIMSON PERMANENT ASSURANCE? |
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Sarah Ibarruri (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 08:07 AM Response to Original message |
93. Can't we just round up all these finance CEOs and higher mgmt and throw them in jail, including |
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Alcibiades (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 09:31 AM Response to Original message |
95. If you oppose excessive CEO pay, you hate successful folks |
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NewJeffCT (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 10:11 AM Response to Original message |
96. They should be broken up & sold off - Greenberg (old AIG CEO) is fighting it, though |
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knitter4democracy (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 10:11 AM Response to Original message |
97. Let me get my 403b out first, please. |
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lelgt60 (417 posts) Send PM | Profile | Ignore | Sun Mar-22-09 10:13 AM Response to Original message |
98. Fuck the elderly! Fuck AIG employees! We need simplistic solutions! We need executions! |
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defendandprotect (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 11:05 AM Response to Reply #98 |
103. "RETENTION BONUSES"...??? That's aiding and abetting criminals . . . |
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LaPera (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 10:22 AM Response to Original message |
99. Capitalism produces out of control greed, corporate monsters than never stops devouring.... |
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Fireweed247 (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 11:04 AM Response to Original message |
102. I think the media wants us to be mad at AIG, they want all the anger at AIG |
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lonestarnot (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 11:07 AM Response to Original message |
104. After they jump! |
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JDPriestly (1000+ posts) Send PM | Profile | Ignore | Sun Mar-22-09 02:31 PM Response to Original message |
108. The problem is, how do you liquidate AIG yet protect the annuities |
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C......N......C (454 posts) Send PM | Profile | Ignore | Sun Mar-22-09 02:38 PM Response to Reply #108 |
111. Take it over and give it to the 2009 graduating class of |
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C......N......C (454 posts) Send PM | Profile | Ignore | Sun Mar-22-09 02:36 PM Response to Original message |
110. Selling crap like they did was fraud. And saying they didn't understand it was bullshit. |
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C......N......C (454 posts) Send PM | Profile | Ignore | Sun Mar-22-09 02:40 PM Response to Reply #110 |
112. All these guys protesting that it was to complicated for them |
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