Seeking Alpha

TBill » Comments » AA

  • Wall Street Breakfast: Must-Know News [View article]
    That's exactly right. These bonuses were contractuallly made a year ago, everyone knew they were coming and how much they were, including the Congresscritters, before the bailouts were made. If they were interested in stopping them, that would have been the time to do it. The Chairman of the Senate Finance Committee inserted an ammendment in the bill allowing all bonuses contracted before Feb. Now he is one of the loudest voices. Shame on him. Seems the political strategists marked everyone's calender "protest the bonuses today".

    TBill
    ***


    On Mar 17 11:26 AM charles hopfl wrote:

    > If Geithner knew about these bonuses to AIG financial group's crooks,
    > and said nothing until he knew they would be paid, he has lost all
    > credibility. To even suggest that they could not have been stopped
    > because of contractual requirements is an erroneous argument. These
    > culprits had committed fraud, on the company and the American financial
    > system (worldwide actually) by selling insurance without assets to
    > back it up and hiding these facts from the world. IF it was with
    > the encouragement of the US financial system and equity traders,
    > it is easy to see why Paulson, Geithner and the various insiders
    > on Wall Street do not want to rock the boat. That being said, it
    > is not easy to see where the fraud and criminality will stop.
    Mar 17 14:34 pm |Rating: +2 0 |Link to Comment
More on AA by TBill
Comments by Ticker
AA, AAP, AAPL, AAUKY.PK, ABB, ABK, ABX, ACN, ADM, AEM, AEP, AES, AET, AFL, AGN, AHBIF.PK, AIG, AKAM, ALD, ALL, AMAT, AMD, AMP, AMR, AMZN, AN, APWR, ARO, ATK, AVB, AVP, AXA, AXL, AXP, AYE, AZ, AZN, AZO, BA, BAC, BAIRY.PK, BASFY.PK, BBBY, BBT, BC, BCE, BCRX, BCS, BDN, BG,
TBill's
Comments Stats
95 comments
Rating: 94 (131 - 37 )