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[Talon]

Here is a statement from AIG. 

What a bunch of B.S.

[Talon]

!

[Talon]

!

[sadunbar]

Oh, you can bet that the Congress and all other politicians care about this blatant, in your face, chit by the execs at AIG.  All eyes are focused on this whole bail out thing, and this is just pouring jet fuel on the fire.  For just this once, there will be consequences on this one.

Terry,

Wanna bet?

[harleyteam]

so,  I've been looking.   where da hel- is the copy of the invoice of which you speek???/

[icybay]

.

[icybay]

.

[RedDevil]

There will be the typical Congressional "pooh-poohing" by the committees, but nothing will be done.  Once again, we, the taxpayers, will get stiffed with the bill.  A prime example when two former AIG CEOs were testifying in Congress, one of the previous CEOs stated that he wasn't going to take any of the $22M golden parachute that he was offered and the congresswoman said good for you.  When she asked the other CEO if he was going to return any of the $15m that he got in his golden parachute, he said "No".  The Congresswoman's very emphatic "we're gong to hold you accountable" statement was "shame on you".  Yeah, there's going to be He11 to pay for this...sure there is.

   

[miker]

I will pooh-pooh them!




No donuts

[grc]

There will be the typical Congressional "pooh-poohing" by the committees, but nothing will be done.  Once again, we, the taxpayers, will get stiffed with the bill.  A prime example when two former AIG CEOs were testifying in Congress, one of the previous CEOs stated that he wasn't going to take any of the $22M golden parachute that he was offered and the congresswoman said good for you.  When she asked the other CEO if he was going to return any of the $15m that he got in his golden parachute, he said "No".  The Congresswoman's very emphatic "we're gong to hold you accountable" statement was "shame on you".  Yeah, there's going to be He11 to pay for this...sure there is.

   

I beg to differ.  Something has been done, as was just reported by the AP:

"The Federal Reserve on Wednesday agreed to provide insurance giant American International Group Inc. with a loan of up to $37.8 billion, on top of one made to the troubled company last month."

The American public is stupid, and that's what these Congressmen and CEO's count on.  The price for raping the Treasury is to let a few congressmen kick you around in public for a couple hours, and once you've paid that price I guess you get back in line for another go. 

What I want to know is, if I quickly incorporate can I get in on this gravy train?  I'll promise all the same crap those other folks do, and I'll break all the promises just like they do, so where do I sign up for my billion dollar bail out?  Winter's coming, and I sure could use a few months on the beach of my own private island.

Jerry

[Robmay]

I'll believe it when I see it....

Here Here!!

[HarleyRider2004]

What a bunch of B.S.

Feel the same way.  AIG should have been bought out by now.  They should have been gobbled up by now.  All I can tell you is if anyone can turn AIG around Ed Liddy is the man for the job.  He ran Allstate like a lean mean fighting machine.  Kept rates stable the whole time he was there, had a great realationship with the shareholders.   

[Talon]

More wasted tax payer money!!!

American International Group Inc., whose bonuses and perks drew fire from lawmakers after the insurer accepted a federal bailout, will make special retention payments that more than double the salaries of some senior managers, according to a person familiar with the matter.

Some executives among 130 recipients will get more than $500,000, about 200 percent of their salaries, to stay through 2009, said the person, who declined to be named because the information hasn’t been publicly disclosed.