farmer448

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?

The Fannie/Freddie Bailout: Consequences to the U.S. Taxpayer

Hey whats a few hundred billion added to the 10 trillion of national debt.

Laissez-faire policies screwed us in the 1920's, in the savings and loan debacle of 1985 and now for the first economic screwup of th 22d century. Regulation is setting the rules that economic players must adhere to. Checks and balances in our society keep it from going off track. Lately both Governmental and Economic Checks and Balances have been eliminated by the "True Believers" leaving the practical practitioners twisting in the wind.

So how do you like the new Casino called Wall Street. You cannot trust what anyone says anymore.

Looming Wave of Option Repricing?

I am confused, the employees failed to deliever, so why reprice the options. Let them expire. It is time management took a hit for some of the excess they are responsible for. If you cannot retain them than let them move on.