Biting the hand that bailed you out?

WTF really...wow

This is "biting the hand right up to the ankles". Bailed is NOT the word to be used! It should be "JAILED" for AIG, Barney Frank and Chris Dodd and more. Remember those "government watchdogs" who watched porn at day at work and still didn't get fired? Trillions of dollars in debt due to a well known few who didn't do their jobs as they were paid to do. Off with their heads!

the greed of the corperate world has no moral limits or boundries, as along as they remain in ultimate comfort and lifestyle they will go to any and all means to keep their empires in tact, even at the expense of millions of others.
This is why they live in high towers so they dont have to see the poor and destitute

We never should have bailed them out the are not a necessity. They should have been allowed to die as many ither businesses before them have who have let greed replace better judgement. The President should have bailed out the people and would have at the same time bailed out the businesses. Without the bail out money none of tge execs in this company would have gotten those fat bonuses that the bailout money paid for. Treason is a crime punishable by prison or death. I say dump your AIG stock, insurance, boot them out of the country. Let AIG's punishment fit the crime

These people took us along with others to the brink of financial disaster. Are there any people in the banking industry worth the soul God gave them? If this isn't the biggest sham and shame ever!!!!!

The Gov't should sue/sieze the moneyfrom AIG and every one of its employees for ripping us off, and starting this whole mess to begin with. Next, the Gov't should take away ALL the money the SPECULATORS made on having gas prices go to $4-$5 a gal., and telling the public it was due to supply and demand. If any of them protest, they'll be jailed for treason, or trying to bring down country down in flames.. I would settle for execution for treason, but will have to settle for jailing them. Anything we do to be a wake-up call for these people to Stop trying to get greedy by doing crime on our dime.

The government forced it's version of the best possible solution on the company over the objections of a majority of shareholders and directors.
Unless there is a trial, we may never know what backroom decisions were made in violation of the Fifth Amendment and US bankruptcy law.

AIG= crooks.

government=more crooks!

Prime example as to why the "BAILOUT $$$" should have been given to the taxpayers and not to businesses. They obviously made bad deals and mismanaged the $$$ the first time and should not have been bailed out with the tax payer dollar only to still tell the tax payer that the debt remains unsettled allowing them to be paid twice. Had the money been given to the tax payer, the tax payer could have repaid their debt and the economy would have already recovered because the tax payer would have been able to put that $$$ right back into circulation. Instead greed has one out and being paid twice is not going to suffice and they are looking to collect for a 3rd time.

This doesn't surprise me. the theme of the Conservative right at work again.We the Conservative Right worship Capitalism and the all mighty Dollar is our God,We value Money over People.We Do unto others before they do unto us.but there is no honor among our ranks.As there is no honor among thieves...as evident here.

lol your funny how is this a right thing, because some is a Reps there are greedy is that what are you are saying. well by your think then all Dems are like Bill and cheat on their other and lie to who faces.

You are right could be................

To Jonny man; Sorry dude,...don't respond to a lack of Cranial activity by the use of Profanity.Can we try to keep it clean.???

After they got bailed out they "laid off" my wife.

If we had a real POTUS, like FDR, he would have sent in the Federal marshals, arrested the CEOs and the Boards of all involved, nationalized AIG and revoked Starr's Incorporation status. The shareholders can go to HELL!

There is no Due Process or clever way of dealing with such arrogance. FORCE MAJEURE is the only way to deal with such rogue corporations!

The ones who needed arresting were the people at Standard and Poor and Moodys who triple-A rated the CODs making them look safe for institutional investors to buy.

You're right. Thanks for the reminder! We can parole enough pot smokers to make room in the prisons for the S&P/Moody crowd.

The government usually doesn't "force" the elite unless those openly are caught in the act as AIG top managers were and exposed for everything they really are. Believe me, there are more top managers out in La La Land that is just as worse, including those in top school management. In time, they will be exposed as well, and will give the cry "Woe is me", while crying their eye balls out.

There are some people on planet earth that reside on a world that is wholly unlike the world I occupy.

ARE YOU CRAZY?

He IS in his own world, not speaking about this one we live on.

Greenburg wants to sue for the TAX PAYERS for 25 billion when his company would have had next to nothing if the TAX PAYERS had not bailed AIG out since they were about to file for bankruptcy
lmao greed!

Oh, how convenient. AIG is the biggest bunch of scummy welfare queens in existence.

DA NOIVE !!

Are you freakin serious!!! Hey, AIG, the only reason your pissed off is that you're no longer able to give each other million dollar bonuses for going into debt. In the rest of America when one goes in debt, we can't get a loan or bailout. You ungrateful asses. I'd rather you just said thank you then shut up and sit down while finding ways to pay the public back for our generosity you idiots.

Wait a minute, people. I'm not so willing to hang AIG for this one yet.

Remember what happened the GM stock an bond holders? The normal pecking order of who gets paid first got set aside and the UAW took priority.

AIG may be suing on the behalf of the shareholders who got screwed in a similar manner. I'm holding out judgement just yet. Uncle Government was doing things in an unorthodox manner 'due to extraordinary circumstances' they claimed, but if they broke the law, then it would mean not only did 'fat cat' investors get hurt, but remember such stocks are also held by pension funds and John and Mary Q Public IRAs, College 529 plans, etc.

That's a possibility, but all of the details I have seen on this one point to shareholders being upset about the size of the stake versus the amount of investment.

I also read another blurb later where it was theorized that AIG was using this as a bargaining chip to get the Fed to quit selling off at a loss. ??

It may be greed, but not quite sure I'm crying foul on AIG's part just yet.

That is my understanding too. Kind of a double edged sword. The government saved AIG's butt, but exacted more punishment then it needed to from AIG.

The bailouts were extremely unpopular to implement and the only way for them to get passed was with those punishments.

Its not the punishments so much as the punishment being administered evenly. What you expect from one company you should expect from all and here again the government gave some companies better deals then others. Maybe next time they will be smart enought to stand back and let fate take over. Who ever rises from the ashes was ment to survive.

I can't agree with you more. You and I are one of the few "fringe lunatics" out there who actually thought letting the free market work was the best choice possible in this case.

Our country would be so much stronger right now if the government would quit trying to help(????). Thanks for your input

Certainly. It's the true mark of fate by Capitalism. Those who fail are judged by their failures and those who succeed continue to succeed. No cherry picking allowed.

If we would have let them fall like we were supposed to none of this would be happening anyway.

Easier said than done. Think of how many families, businesses and municipalities would have suffered if their insurance provider went belly up. AIG was HUGE (still are, in fact).

AIG insured many of the conventional mortgages for instance. Not all of them were held by the big box lenders that were bailed out, either. Smaller, regional banks were also going to be gravely affected.

People who had their homeowner's insurance would have been out that money and without a carrier.

Car insurance, life insurance for folks who couldn't qualify at the same rate or even at all due to changing circumstances would have been negatively affected.

The dominoes that were set to fall if AIG got what they deserved would have been absolutely hellish. It sucked to have to bail them out. I wholeheartedly agree, but remember at the time we were all hearing we had no choice. I have to wonder how much of that is true in retrospect, but I still believe it would have likely been devastating on a phenomenal level.