The company was indeed too big to fail. The money was provided to AIG in the form of loans and equity investments, contingent on the company’s winding down its AIG Financial Products Corporation and divesting itself of other … [Read more...]
The Big Takeover
He says the beginning of it all was a change in strategy on the part of the Democratic Party:But in the late Nineties, a few years before Cassano took over AIGFP, all that changed. The Democrats, tired of getting slaughtered in the … [Read more...]
Gentry is alive and well and AIG is the poster child
I have slammed AIG and the government more specifically Tim Geitner for continuing this class warfare as I see it, the lack of understanding by them and these executives who just because of where they are and where they came from assures … [Read more...]
Last Stand before Mass Exodus
The Obama Deception Can not recommend it more highly. http://video.google.com/videop... See you all at Sachsenhausen. … [Read more...]
Bad Boys at AIG at it again
Well I am not sure if anyone else missed this little gem of a news blurb but it seems in February AIG filed a law suit against the IRS for a refund of a tax claim related to off shore accounts. http://www.boston.com/business... You may want … [Read more...]
Now Fannie Mae is giving bonuses
Unbelievable!! As Usual Just my Opinion … [Read more...]
Would a super-tax on AIG bonuses be an unconstitutional Bill of Attainder?
Article I, s. 9 of the U.S. Constitution says that No bill of attainder or ex post facto Law shall be passed. Exactly what does and does not qualify as a "bill of attainder" has been difficult to nail down over the years. It hasn't … [Read more...]
BREAKING NEWS: Obama seeks to block AIG bonuses
You don't have to take my word for it, see and hear: http://www.cnn.com/2009/POLITI... Honest, I think President Obama was so outraged he was choking. Looked like it to me. … [Read more...]
Recouping Bailout Bonuses
If I were a Treasury Official, I would insist on seeing each and every contract with a bonus in it, so I could examine the enforceability of the terms. If I found that the obligations were created after the company was in trouble, I … [Read more...]
Its time to Boycott AIG and for Massachusetts to divest any business with AIG.
One would think that Tim Geitner was tied at the hip with the bad boys of AIG as he became the architect of another bad boy bailout system. Is he to close to his friends to be the agent of change and inflict the penalty deserved by such … [Read more...]