about AIG

[DirtyDanza]

so last I checked


the gov owns 80% of aig right?

isint anything over 51% controlling stock?

can't we just kick em all out and loose the looser ceo

[Carmine Raguso]

[jakethedog]

i inquired once about life insurance and I still get mail and paperwork from them weekly.. nice to see your government has the extra cash around for the excess postage to the hundreds of thousands of people who don't want to do business with them ..

[WiredGuy]

so last I checked


the gov owns 80% of aig right?

isint anything over 51% controlling stock?

can't we just kick em all out and loose the looser ceo

The current CEO was appointed after the mess that happened. He's trying to clean up the mess he got hired into.
WG

[TurboAngel]

I think that pic was uncalled for.

[Brandon99]

So apparently the feds are going to try and tax the bonuses now.

"Bill Nelson, D-Florida, chimed in to suggest the tax could be as high as "90 percent."
http://www.cnn.com/2009/POLITICS/03/...ses/index.html

[StuartD]

AIG paid 73 employees bonuses of $1 million or more; 11 of whom are no longer there, according to NY Atty. Gen. Cuomo.

[seeandsee]

AIG paid 73 employees bonuses of $1 million or more; 11 of whom are no longer there, according to NY Atty. Gen. Cuomo.

nice fuckers!

[psili]

Every time I hear about AIG now, I'm reminded of this quote:

Liddy also wrote the government's demands could affect AIG's ability to retain "the best and brightest talent to lead and staff the AIG businesses" if "employees believe that their compensation is subject to continued and arbitrary adjustment by the U.S. Treasury."

Can someone explain to me how I can become part of "the best and brightest" at losing billions and get a sweet compensation for that?

[DirtyDanza]

The current CEO was appointed after the mess that happened. He's trying to clean up the mess he got hired into.
WG

no the current CEO is the one that has screwed everything up as bad as it is... the guy that ran it before was great.. he ran it for longer than we been alive

[SpeakEasy]

Regardless of all the bonus shit (which does suck) aig is making bank in the stocks this week.

[collegeboobies]

All Idiots Gauranteed

[JakeR]

no the current CEO is the one that has screwed everything up as bad as it is... the guy that ran it before was great.. he ran it for longer than we been alive

you are a moron

[casinojack]

sigh, it sucks, bottom line.

[cykoe6]

no the current CEO is the one that has screwed everything up as bad as it is... the guy that ran it before was great.. he ran it for longer than we been alive

The current CEO was pulled out of retirement in September during the beginning of the financial crisis to try and help rescue AIG. This situation is not his fault.

[Fire]

no the current CEO is the one that has screwed everything up as bad as it is... the guy that ran it before was great.. he ran it for longer than we been alive

You are mistaken.

Hank Greenburg ran the company for many, many years. Eliot Spitzer practically ran him out of the company.

Then there were 2 or 3 CEOs between Greenburg and the current one Liddy. Liddy was appointed by members of the government to try and straighten out the mess.

[DirtyDanza]

You are mistaken.

Hank Greenburg ran the company for many, many years. Eliot Spitzer practically ran him out of the company.

Then there were 2 or 3 CEOs between Greenburg and the current one Liddy. Liddy was appointed by members of the government to try and straighten out the mess.

I Think your right... sorry bout that...

greenburg did fine... who ever came in after him fucked it up

[tony286]

tim g has got to go. he sucks

[edgeprod]

can't we just kick em all out and loose the looser ceo

I don't know how loose he is, but he isn't a loser. He's working for $1, and gave up a board seat on the GOLDMAN SACHS board to go do it.

[TampaToker]

Sen. Christopher Dodd has been a bad bad boy time for him to go!

[DirtyDanza]

I don't know how loose he is, but he isn't a loser. He's working for $1, and gave up a board seat on the GOLDMAN SACHS board to go do it.

yeah I fucked up on who was ceo now and then and back to now again...

sorry bout that ...

I'll always admit when im wrong


wired guy sorry for my comment...

[edgeprod]

Sen. Christopher Dodd has been a bad bad boy time for him to go!

When I lived in Connecticut, he was a real prick, and it bothered me more ... now I'm away from that whole mess, but he's still a senator, LOL.

Looks like they picked him to take the fall ... he's neck-and-neck with the presumptive Republican challenger, but Connecticut would have to be pretty pissed to get rid of Dodd.

[Helix]

The current AIG CEO isn't they guy that signed those contracts. He was brought out of retirement from to help cleanup AIG. Those contracts are not his fault.

What is scary is the gov has passed a bill to tax the piss out of those legal contracts. That scares me. Why didn't they just open the contracts and renegotiate just as the UAW has? Making a law that enables the gov to void a legal contract is scary and sets a bad precedent imo.

President Obama and congress knew all about the bonus's that were to be paid before they signed the bill into law. Transparency my ass. This is just plain old lying and not accepting responsibility.
They are just playing the blame game, and the AIG CEO is the fall guy.

Furthermore....if their is an issue with AIG paying moneys out when the company had performed poorly why haven't the following people refunded the monies they received from AIG when AIG was being funded by the taxpayers?

AIG executives gave more than $630,000 during the 2008 political cycle even as the company was falling apart

According to the Center for Responsive Politics, which tracks campaign finance reports, more than $120,000 of that money was donated after AIG received its first $85 billion in federal bailout funds in September. The company has since received a total of $170 billion in taxpayer cash to prevent its collapse.

One suggestion: Perhaps the money could be paid back not to AIG but to the U.S. Treasury.

Here's the list of top AIG recipients for the 2008 campaign:

1. Sen. Chris Dodd, D-Conn., $103,100
2. Sen. Barack Obama, D-Ill., $101,332
3. Sen. John McCain, R-Ariz., $59,499
4. Sen. Hillary Clinton, D-N.Y., $35,965
5. Sen. Max Baucus, D-Mont., $24,750
6. Former Gov. Mitt Romney, (R) Pres $20,850
7. Sen. Joe Biden, D-Del., $19,975
8. Rep. John Larson, D-Conn, $19,750
9. Sen. John Sununu, R-N.H., $18,500
10. Former Mayor Rudolph Giuliani (R) Pres $13,200
11. Rep. Paul Kanjorski, D-Pa., $12,000
12. Sen. Dick Durbin, D-Ill., $11,000

http://abcnews.go.com/Politics/story?id=7110145&page=1

[Helix]

I forgot to mention Obama still owes the City of Chicago $1.74 million for his post election victory shindig. Too bad it wasn't net 30.

http://www.suntimes.com/news/politic...ally20.article

[tony286]

Sen. Christopher Dodd has been a bad bad boy time for him to go!

yep he did what they said I agree time to go. The problem is they are all whores with agendas that have nothing to do with the citizens they are supposed represent.

[Wagerboy]

bought AIG at 41 cents. Sold at $1.79 a few hours later. Thanks AIG. This is the time that people with balls/money earns.

[Redrob]

While I don't care for AIG or think the bonuses were right, I hate having the government use taxes to penalize a business.

REMEMBER, there are a lot of politicians that would put a 90% tax on Porn profits if they could find a way to do it.

Thank god for the 1st Amendment.

[EthnicLover]

The current AIG CEO isn't they guy that signed those contracts. He was brought out of retirement from to help cleanup AIG. Those contracts are not his fault.

What is scary is the gov has passed a bill to tax the piss out of those legal contracts. That scares me. Why didn't they just open the contracts and renegotiate just as the UAW has? Making a law that enables the gov to void a legal contract is scary and sets a bad precedent imo.

President Obama and congress knew all about the bonus's that were to be paid before they signed the bill into law. Transparency my ass. This is just plain old lying and not accepting responsibility.
They are just playing the blame game, and the AIG CEO is the fall guy.

Furthermore....if their is an issue with AIG paying moneys out when the company had performed poorly why haven't the following people refunded the monies they received from AIG when AIG was being funded by the taxpayers?

AIG executives gave more than $630,000 during the 2008 political cycle even as the company was falling apart

According to the Center for Responsive Politics, which tracks campaign finance reports, more than $120,000 of that money was donated after AIG received its first $85 billion in federal bailout funds in September. The company has since received a total of $170 billion in taxpayer cash to prevent its collapse.

One suggestion: Perhaps the money could be paid back not to AIG but to the U.S. Treasury.

Here's the list of top AIG recipients for the 2008 campaign:

1. Sen. Chris Dodd, D-Conn., $103,100
2. Sen. Barack Obama, D-Ill., $101,332
3. Sen. John McCain, R-Ariz., $59,499
4. Sen. Hillary Clinton, D-N.Y., $35,965
5. Sen. Max Baucus, D-Mont., $24,750
6. Former Gov. Mitt Romney, (R) Pres $20,850
7. Sen. Joe Biden, D-Del., $19,975
8. Rep. John Larson, D-Conn, $19,750
9. Sen. John Sununu, R-N.H., $18,500
10. Former Mayor Rudolph Giuliani (R) Pres $13,200
11. Rep. Paul Kanjorski, D-Pa., $12,000
12. Sen. Dick Durbin, D-Ill., $11,000

http://abcnews.go.com/Politics/story?id=7110145&page=1

Ouch! Obama ain't no revolutionary. He's a politician through and through.

[directfiesta]

The current AIG CEO isn't they guy that signed those contracts. He was brought out of retirement from to help cleanup AIG. Those contracts are not his fault.

What is scary is the gov has passed a bill to tax the piss out of those legal contracts. That scares me. Why didn't they just open the contracts and renegotiate just as the UAW has? Making a law that enables the gov to void a legal contract is scary and sets a bad precedent imo.

President Obama and congress knew all about the bonus's that were to be paid before they signed the bill into law. Transparency my ass. This is just plain old lying and not accepting responsibility.
They are just playing the blame game, and the AIG CEO is the fall guy.

Furthermore....if their is an issue with AIG paying moneys out when the company had performed poorly why haven't the following people refunded the monies they received from AIG when AIG was being funded by the taxpayers?

AIG executives gave more than $630,000 during the 2008 political cycle even as the company was falling apart

According to the Center for Responsive Politics, which tracks campaign finance reports, more than $120,000 of that money was donated after AIG received its first $85 billion in federal bailout funds in September. The company has since received a total of $170 billion in taxpayer cash to prevent its collapse.

One suggestion: Perhaps the money could be paid back not to AIG but to the U.S. Treasury.

Here's the list of top AIG recipients for the 2008 campaign:

1. Sen. Chris Dodd, D-Conn., $103,100
2. Sen. Barack Obama, D-Ill., $101,332
3. Sen. John McCain, R-Ariz., $59,499
4. Sen. Hillary Clinton, D-N.Y., $35,965
5. Sen. Max Baucus, D-Mont., $24,750
6. Former Gov. Mitt Romney, (R) Pres $20,850
7. Sen. Joe Biden, D-Del., $19,975
8. Rep. John Larson, D-Conn, $19,750
9. Sen. John Sununu, R-N.H., $18,500
10. Former Mayor Rudolph Giuliani (R) Pres $13,200
11. Rep. Paul Kanjorski, D-Pa., $12,000
12. Sen. Dick Durbin, D-Ill., $11,000

http://abcnews.go.com/Politics/story?id=7110145&page=1

Here is 2004 :

Name Office Total Contributions
Bush, George W (R) Pres $160,160
Kerry, John (D-MA) Senate $55,900
Dodd, Chris (D-CT) Senate $40,578
Grassley, Chuck (R-IA) Senate $18,250
Crapo, Mike (R-ID) Senate $16,500
Bayh, Evan (D-IN) Senate $16,250
Murkowski, Lisa (R-AK) Senate $14,500
Bond, Christopher S 'Kit' (R-MO) Senate $13,250
Hastert, Dennis (R-IL) House $13,049