Discussion in 'Political Discussion' started by Patriot_in_NY, Mar 15, 2009.
We are fukcing doomed. Just doomed.
Excuse me, I have to go get sick now.
You know, if it is the end of the world, well its been a good one! All us pat's fan got to see them win a few champs before the end. Got to make love alot, did alot of drugs, got too see alot of places i'm content.
Better to have loved and lost than never to have loved at all
I just hope before the end people realize a lot is 2 words.
Bush To Messiah
OUT OF THE FRYING PAN INTO THE FIRE
The world and the people of the US will be watching how this plays out... the whole thing about bonuses being already promised or we need these types of things to retain the best and brightest should prove interesting.
There is no excuse for any of this..
Obama will try to block executive bonuses at AIG
"It's hard to understand how derivative traders at AIG warranted any bonuses, much less $165 million in extra pay," Obama said at the outset of an appearance to announce help for small businesses hurt by the deep recession.
"How do they justify this outrage to the taxpayers who are keeping the company afloat," the president said.
Obama spoke out in the wake of reports that surfaced over the weekend saying that financially strapped American International Group Inc. was paying substantial bonuses to executives.
Noting that AIG has "received substantial sums" of federal aid from the federal government, Obama said he has asked Treasury Secretary Timothy Geithner "to use that leverage and pursue every legal avenue to block these bonuses and make the American taxpayers whole."
Obama seems to be being dragged into this battle. The early claim of the administration that its hands are tied is absurd. They forced the UAW to renegotiate their contracts; they forced mortgage lenders to renegotiate their contracts. Surely, the Administration can use its 75% stake in AIG to force AIG to renegotiate its contracts. AIG's claim that they need to award generous bonuses to attract talent is absurd given the dire straits that that talent has put the company in.
He should be, it's his bill that is giving this rotten company some of the money that they're going to use for these bonuses. I think I read last night Obama is going to try and force them to not give bonuses. I like that, I'm glad he's speaking out against them.
well, if he allows himself to just be 'dragged in', then AIG is the tip of the iceberg.......because AIG won't be the only company
Citi, Morgan Stanley look to sidestep bonus caps: report
obama needs to give AIG the proverbial open hand to the side of the head to get the others in line
And can they be called bonuses if they are contractually obliged to pay them, regardless of performance? This really boils down to another Wall St scam by the self-entitled elite.
Why did we give more money to a team of people who've shown nothing but mismanagement and corruption to begin with? The fact they were in deep s* last year and again early this year should've been a red flag to somebody that the company's being run by a bunch of fill-in-the-blanks. Instead of playing to public opinion by trying to thwart these bonuses, why didn't Obama,as CEO of this giant, simply fire them all?
We the taxpayers can bail them out all we want but that's not going to guarantee these people use it wisely. What a farce.
If these bonuses were guaranteed and contractural then it is what it is;but why did we continue to throw money at a bunch of proven mismanagers and expect a different result?
The former CEO of 40 years who built that company into the mega-giant it is,is suing AIG. He expressed his own outrage not only at how they've handled his company but also at how this administration handled the situation,going back to 08 as well.
He said he proposed a more business-savvy method of helping AIG but nobody went with it. He contends if they had, govt would only need to own 15% instead of 79%. It's a global company and owns interests that any company in the world would envy hmm.
This 165 million pales in comparison to the 100 billion that was doled out the back door to AIG's counterparties, which include Goldman Sachs, JP Morgan and a host of foreign banks.
eh, it's just funny money anyways... via Fed Reserve.:banned:
Indeed. I'm not sure how much people realize that the govt pretty much owns every major financial institution in this country along with all those institution's global reaches.
"Whoever controls the money controls the world"; whoever said that years ago was dead on
The govt don't own them.
However, the few people on the top do.
They designed the whole house of cards too.
Now the cards are starting to fall.
How much percent of the entire bailout are for the bonuses for execs? Like less than 1%? Then compare that to the government bailouts in total. This is microscopic. The government just trying to begin a sh!t storm of finger pointing to draw attention away from themselves.
I don't agree with the people who ran it into the ground getting money but my god. The government being all mad about this is funny compared to how much money they have spent bailing out businesses and the financial system over the past year.
That's the problem with some conservatives. They consider $165 million a "microscopic" amount of money. That's the perverse kind of thinking that many Democrats and Republicans are upset about.
compared to what? the 3.5T budget by obama that includes 1.75T in defecit spending?
you make no sense
Compare it to what you want. $165 million being given as bonuses to the people who drove a company into the ground is a waste. Obama's budget probably even has things you like, such as funding of the military, the federal courts, the federal prisons, and so on. Or, maybe you are an anarchist?
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