farmer448

Outlandish CEO Pay: How to Fix the Problem

First and foremost the companies directors and Chairman of the board should be held accountable for their fiduciary duty. If the SEC comes after a company, the board and c-level executives should be responsible for all fines. They were responsible and should be held accountable (Bank of America).
Right now directors are not held accountable for their actions.

Was the AIG Bailout a Goldman Bailout by Proxy?

While I agree with the thesis that this was a bailout of Goldman, it would also be fair to say it was a bailout for several European Banks also.

I don't know how much the international issues played in the discussions of the bailout. The bailout of AIG did effect London and the EC.

OTC No More: Blessing or Curse for Institutional Investors?

And don't forget AIG.......

AIG vs. America

The bonus issue is not a red herring. It shows the absolute lack of leadership by AIG management. AIG should have just said No to the bonuses due to the losses. In fact their should have been across the board salary cuts. That is admitting to the problem, taking responsibility and doing something about it.,

Instead they hide behind contract law. Please a CDS is a contract and AIG cannot make good on those, so why are bonus contracts more sacred then a CDS

Finally, if the employees want to go to court to sue for their bonuses, get in line on legal time.

AIG in reality is bankrupt in its current form. Dead company walking. So should we be like the Japanese and put off the day of reckoning or bite the bullet and take the trash out while government works at minimizing the collateral damage. Shouldn't the FED and Treasury learned something from Lehman?

How AIG Bamboozled the Government

I agree that AIG should have gone the Bankruptcy route one subsidiary at a time.
Then the bonus babies who put AIG in this mess would just be one more creditor.

When government bailouts were proposed and voted on the principal was no bonuses.
So why did any of the financial leaders who took the bailout think they could get around the principal the politicans sold the voters?

The reality is AIG is bankrupt. Old contracts are worth the paper they are written on. It is time for the Financial Community to Deal with it by figuring out how to transform themselves.

As "stop loss" soldiers in Iraq learned, the Government can do as it pleases. I cannot believe the financial leadership is so foolish as to fight the anger of the voter. The day of buying off politicians is over ( at least for the forseeable future).

It is time to take the financial markets back from the gamblers....

Why I Need a Government Bailout

Dear Newman Bank

Your request for 2-3 million was adjusted to 300 million.

Happy New Year
Henry

The Hedge Fund of America, LP

How about Paulson, President Bush, Vice President Cheney, and every member of Congress voting for this put all but 2 million of their investments into this fund. I mean this is necessary and these guys were in charge so it is time for them to personally guarentee the deal.

The Nationalization of AIG

I find it funny that the great free marketers, the republicans, always screw up the economy. Remember the 1970's with tricky dicks wage and price controls. Then in the 1980s we had the resolution trust where the government let the S&Ls self-regulate. Now in the 21st century, the heads I win tails the taxpayer looses game is being played by the republicans with the unregulated financial instruments.

It is time for the voter to take government back from the corporation.