Related Articles:
CNN
CNN
Newsmax
Quotes from first article:
"Treasury Secretary Timothy Geithner confirmed Thursday that the department did talk to Sen. Chris Dodd about a clause he put forth in the stimulus legislation that would have strictly limited executive bonuses."
"Dodd, chairman of the Senate Banking Committee, also acknowledged Wednesday his role in controversy, after previously denying having anything to do with crafting language that permitted the bonuses."
So he lied to us, flat out. Why do we elect people we can't trust and then continue to vote for the same idiots?
"'It's my responsibility; I was in a position where I didn't know about those sooner. I take full responsibility for that,' he said."
You knew about this sooner. This deal about the AIG bonuses isn't as bad as it seems. AIG signed an agreement a year ago that stated these bonuses would be paid and they did it so that some of the executives they wanted would stay so they wouldn't have crashed even sooner. Now that the government messed up, they are trying to blame everyone else and they look really, really bad right now.
"On Tuesday, Dodd denied that he had anything to do with adding the language"
That's nice. He likes to lie. Let me ask any of you, if they lie this much until they get caught, what are they actually telling the truth about? Any of them? There is NO transparency. The government now wants to subpoena all of the executives that the head man wouldn't give up and he wouldn't give them up because he and his whole family have been receiving death threats and he doesn't want them to. Why don't we, the people, subpoena all of you Congressional morons to court to tell us every little thing you do?
"But, saying his previous comments had been misconstrued, Dodd said Wednesday that he added the exemption after getting pressure from the Treasury Department."
Now it is pressure?
"'I agreed reluctantly,' Dodd said. 'I was changing the amendment because others were insistent.'"
Now you go against your principals because of pressure? What a loser you are. If you go against what you think is right because some other people said so, you truly are a hopeless lunatic.
Quotes from second CNN article:
"Dodd, a Democrat, told CNN's Dana Bash and Wolf Blitzer that Obama administration officials pushed for the language to an amendment designed to limit bonuses and 'golden parachutes' at those companies."
So wait, now it is the Obama administration? Who is it really Dodd?
Quote from last article:
"President Barack Obama has called the bonuses that AIG paid its employees an 'outrage,' but Obama himself received a 'bonus' of sorts from the insurance giant — more than $100,000 in campaign contributions."
NOW we get to the bottom of it. This is why they let AIG get the bonuses and even helped them. Now that it went public they are trying to clean themselves of the situation. It is a good thing some people like me know how to put research together to stop you bunch of zoo animals.
Showing posts with label AIG. Show all posts
Showing posts with label AIG. Show all posts
Thursday, March 19, 2009
Tuesday, March 17, 2009
Let AIG Die Already (Part 3)
Related Articles:
CNN
Newsmax
Well, now that AIG handed out nice big bonuses to a bunch of people for doing a bad job, the people who gave them the bailout money in the first place are angry. If they never gave them the bailout we wouldn't be having this discussion of course. Now the government is going to overstep its boundaries even more in order to fix the mess they created between themselves and AIG.
Quote from CNN article:
"'My colleagues and I are sending a letter to [AIG CEO Edward] Liddy informing him that he can go right ahead and tell the employees that are scheduled to get bonuses that they should voluntarily return them,' Sen. Charles Schumer said on the Senate floor. 'Because if they don't, we plan to tax virtually all of [the money] ... so it is returned to its rightful owners, the taxpayers.'"
Oh really? You are going to return the money to the taxpayers? No, you are going to spend it "in our best interest", not give us the money.
I forgot to mention that Chris Dodd is the one who put the legislation into the stimulus bill that exempted the bonuses from taxation. Now he has to cover his butt because it went public. What idiots will keep voting for these corrupted fools?
Quote from Newsmax article:
"Dodd, chairman of the Senate Banking Committee, thundered on Monday: 'This is another outrageous example of executives — including those whose decisions were responsible for the problems that caused AIG’s collapse — enriching themselves at the expense of taxpayers.'"
We wouldn't have to worry about them enriching themselves with the taxpayers' money if the taxpayers' money wasn't being sent to them by people like you, Dodd!
So again I will say it: AIG should have gone under. Now that the government screwed everything up as usual, they want to tax over 90% of the money back from those specific people. That means that the government will now be writing a form of tax legislation that applies to people based on where they work as well as the money they made. That action opens up a bunch of other doors that involve selective taxing that we do not want to go into.
Don't think that I don't blame the AIG executives as well, but they would have gotten their punishment when the whole company went down and the government stepped in and stopped it. If there is anything the government should have done it would be to make sure the executives lose if the company goes bankrupt, not to step in and control everything. The only punishment Senators get is when people vote them out (and people vote for the same idiots); which doesn't do much since every single Senator makes well over $500,000 a year on their own anyways.
CNN
Newsmax
Well, now that AIG handed out nice big bonuses to a bunch of people for doing a bad job, the people who gave them the bailout money in the first place are angry. If they never gave them the bailout we wouldn't be having this discussion of course. Now the government is going to overstep its boundaries even more in order to fix the mess they created between themselves and AIG.
Quote from CNN article:
"'My colleagues and I are sending a letter to [AIG CEO Edward] Liddy informing him that he can go right ahead and tell the employees that are scheduled to get bonuses that they should voluntarily return them,' Sen. Charles Schumer said on the Senate floor. 'Because if they don't, we plan to tax virtually all of [the money] ... so it is returned to its rightful owners, the taxpayers.'"
Oh really? You are going to return the money to the taxpayers? No, you are going to spend it "in our best interest", not give us the money.
I forgot to mention that Chris Dodd is the one who put the legislation into the stimulus bill that exempted the bonuses from taxation. Now he has to cover his butt because it went public. What idiots will keep voting for these corrupted fools?
Quote from Newsmax article:
"Dodd, chairman of the Senate Banking Committee, thundered on Monday: 'This is another outrageous example of executives — including those whose decisions were responsible for the problems that caused AIG’s collapse — enriching themselves at the expense of taxpayers.'"
We wouldn't have to worry about them enriching themselves with the taxpayers' money if the taxpayers' money wasn't being sent to them by people like you, Dodd!
So again I will say it: AIG should have gone under. Now that the government screwed everything up as usual, they want to tax over 90% of the money back from those specific people. That means that the government will now be writing a form of tax legislation that applies to people based on where they work as well as the money they made. That action opens up a bunch of other doors that involve selective taxing that we do not want to go into.
Don't think that I don't blame the AIG executives as well, but they would have gotten their punishment when the whole company went down and the government stepped in and stopped it. If there is anything the government should have done it would be to make sure the executives lose if the company goes bankrupt, not to step in and control everything. The only punishment Senators get is when people vote them out (and people vote for the same idiots); which doesn't do much since every single Senator makes well over $500,000 a year on their own anyways.
Monday, March 16, 2009
Let AIG Die Already (Part 2)
Related Articles:
CNN
A little while back I wrote about how the government should just let AIG go under, and for a whole lot of reasons. Another reason has just been added to that list now that AIG is giving bonuses to its executives and the President is not happy about it; and rightly so. The government needs to stop helping companies like this and let them go under. Let the company lose everything it has and then charge the executives with whatever financial crimes you can. The money of whoever committed a financial crime can be distributed to the employees of the company that went down.
Americans need a lesson and they need it badly. Nothing can be taken for granted; we take too many things for granted. AIG needs to go under to teach a lesson to executives and people alike. If you are an executive, if you make dumb decisions you will pay the price. This is why you get paid a lot in the first place; your job is high risk. If you do it well you keep the money but if it goes under you need to lose too. To everyone else, hard times and suffering is a part of life and it is a part that a lot of Americans have never experienced. It has turned us into babied brats and we need to experience hard times again. There hasn't been a really hard time in this nation since the Vietnam War and even that doesn't compare to the Depression. The Depression taught people how to be fiscally responsible because there wasn't just money lying around to blow on whatever.
The bottom line, we need to make an example of AIG and let it die.
CNN
A little while back I wrote about how the government should just let AIG go under, and for a whole lot of reasons. Another reason has just been added to that list now that AIG is giving bonuses to its executives and the President is not happy about it; and rightly so. The government needs to stop helping companies like this and let them go under. Let the company lose everything it has and then charge the executives with whatever financial crimes you can. The money of whoever committed a financial crime can be distributed to the employees of the company that went down.
Americans need a lesson and they need it badly. Nothing can be taken for granted; we take too many things for granted. AIG needs to go under to teach a lesson to executives and people alike. If you are an executive, if you make dumb decisions you will pay the price. This is why you get paid a lot in the first place; your job is high risk. If you do it well you keep the money but if it goes under you need to lose too. To everyone else, hard times and suffering is a part of life and it is a part that a lot of Americans have never experienced. It has turned us into babied brats and we need to experience hard times again. There hasn't been a really hard time in this nation since the Vietnam War and even that doesn't compare to the Depression. The Depression taught people how to be fiscally responsible because there wasn't just money lying around to blow on whatever.
The bottom line, we need to make an example of AIG and let it die.
Monday, March 2, 2009
Let AIG Die Already
Related Articles:
CNN Money
CBS News
MSNBC
The US government gave AIG a nice big bailout and they went and spent some of the money on whatever vacation the executives felt like taking even though the company is a miserable failure at this point. After losing over $60 billion, they are getting another bailout.
In the world of capitalism if you do not have the freedom to fail you have nothing to work for. It is human nature and an extension of survival instinct to be lazy. The only way to force good work ethic is to have a penalty when something is done incorrectly. That penalty should AT LEAST be firing every executive that works for AIG before giving them bailout money. Their freedom to fail has been taken away by the government continually offering bailouts. Just let AIG do under already. Let everything go under if necessary. Sometimes a social or economic revolution is necessary to fix things.
CNN Money
CBS News
MSNBC
The US government gave AIG a nice big bailout and they went and spent some of the money on whatever vacation the executives felt like taking even though the company is a miserable failure at this point. After losing over $60 billion, they are getting another bailout.
In the world of capitalism if you do not have the freedom to fail you have nothing to work for. It is human nature and an extension of survival instinct to be lazy. The only way to force good work ethic is to have a penalty when something is done incorrectly. That penalty should AT LEAST be firing every executive that works for AIG before giving them bailout money. Their freedom to fail has been taken away by the government continually offering bailouts. Just let AIG do under already. Let everything go under if necessary. Sometimes a social or economic revolution is necessary to fix things.
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