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  • Wall Street Breakfast: Must-Know News [View article]
    I don't think AIG would have much problem finding replacements.
    Note to AIG: I'm available!


    On Dec 07 07:48 AM BPYHO wrote:

    > Why is AIG executives threatening to leave even news!? Clip their
    > salaries and let them leave! Other people can step up. I'm sure the
    > heads of all the other divisions have vice-presidents, ect..... That's
    > the whole point in HAVING a vice, to step up in place of the head/president!
    > I'm so sick of hearing the news talk about these idiots working for
    > companies that went bankrupt threatening to leave!
    Dec 07 09:32 am |Rating: +7 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    If they extend the home buyer's credit to all of us, I'll buy your home and you buy mine!
    Oct 30 00:52 am |Rating: +1 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The problem is the CEO's for the most part write their own pay checks. In the old days where fat cats controled big blocks of stock, they would put a brake on it. These days, only their nerve limits their pay. Hey, what would you pay yourself if you could get away with it?
    Oct 23 10:53 am |Rating: +4 0 |Link to Comment
  • 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
  • Wall Street Breakfast: Must-Know News [View article]
    Repeal Sarbanes Oxley and the stringent mark to market rule and this problem would fix itself. There are some influential people advising this, but as you can hear, none of the Congresscritter are talking about it. Not sexy enough, no power involved, no money to throw around.
    Sep 24 11:06 am |Rating: 0 0 |Link to Comment
  • AIG Lives Another Day; Shareholders? Not So Much [View article]
    That's right, the $85 b is just a temporary loan. Now, what's 20% of this company worth?
    Sep 17 12:02 pm |Rating: 0 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I agree with just about everything said so far, with that counterproductive must mark to market when there is no market being what really pushed this mess over the edge. Greed is good. It's what makes the system work. Government is there to see that fraud is not resorted to, otherwise needs to stay out as much as possible.
    Sep 15 09:57 am |Rating: 0 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Jersey, you are quite right. For the first time we have a huge political risk that outweighs even the usual earnings risks. Political risk used to be something we only worried about if we invested in 3rd world countries. Now it is right here at home. Go to the web sites of the candidates, see what they have in mind, and calculate the damage. The very best senario is McCain wins, doesn't cave to the Dems [very much out of character], and the Bush tax cuts expire. Even that will have a depressing effect on the market, tax revenues, and the ever ballooning budget deficite.
    May 12 10:04 am |Rating: 0 0 |Link to Comment
  • I Guess This Means AIG Stock Will Rise 10% Tomorrow [View article]
    Who is next to post big losses? Are there any insurance companies you can feel confident buying these days? Transparency? What transparency?
    May 08 22:42 pm |Rating: 0 0 |Link to Comment
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