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a. palmer jr. » Comments » AIG

  • The Lehman Bankruptcy: Should All Big Banks in Trouble Fail? [View article]
    Since they haven't spent all the $700 billion tarp money yet, how about bailing out some of us who lost a bunch of money because our brokers and the ratings agencies misrepresented Lehman's investment worthiness. I was convinced by my broker that investing in Lehman bonds was just about like holding money in the bank. Either he misled me or someone misled him because I used to have that retirement money and now I don't. If I'd known how close to failure they were of course I wouldn't have put a penny in it but I had no way to know. He showed me the rating which was AAA so I thought surely I'd get my principal back. I and many others didn't realize those ratings could change daily.
    Nov 30 14:04 pm |Rating: 0 0 |Link to Comment
  • Was AIG Too Big to Fail or Not? [View article]
    The Dow Jones averages has little to do with stocks that lots of people own. I prefer stocks that aren't in the Dow; you can buy them cheaper and they pay higher dividends. I own one stock that is in the Dow and I'm dumping it as soon as the price comes up a little.
    Nov 29 09:42 am |Rating: 0 0 |Link to Comment
  • The Price of a Pound of Banking Flesh [View article]
    You stated that the bankers need incentive bonuses to stay with their companies...I differ with you that these are "qualified employees". I, with no banking experience at all, would have done a better job of running these banks. It doesn't take qualifications to lose tons of money and go begging to the taxpayers for yet more money to squander on executive bonuses. I many be the only one, but I think that ALL the bonus money for 2008-2009 should be given back. Bonuses are supposed to be payment for a job well done and these bankers certainly aren't guilty of that!
    Oct 25 10:02 am |Rating: +4 -1 |Link to Comment
  • Thoughts on Executive Pay Restrictions [View article]
    I wish to differ with you on one statement: generosity of taxpayers. I, as a taxpayer and many people I know, are not that generous, we were betrayed by our elected officials, whom many of us did not vote for in the first place. Personally, I wouldn't have given as much tarp money to the banks, if any, and these so called, "executives" would be walking the streets, looking for a job instead of sitting behind their desks demanding even more bonuses for a job not so well done.
    Oct 25 09:43 am |Rating: +1 -1 |Link to Comment
  • Too Big to Fail - Even Greenspan Is Speaking Out [View article]
    I think Greenspan needs a vacation...how about a hunting trip with Dick Cheney?
    Oct 18 09:57 am |Rating: +1 0 |Link to Comment
  • Trash Seems to Be King, As Lehman Shares Surge [View article]
    Anybody want to buy some old Lehman Bros. bonds I just happen to have laying around? You'd think they'd be better than stocks! I was led to believe they were as good as gold when I bought them..
    Aug 30 20:47 pm |Rating: +1 0 |Link to Comment
  • Closing Update for June 25 [View article]
    Pfizer may never reach the price I paid for it just a few short months ago, hoping the dividends will soften the fall somewhat.
    Jun 26 10:08 am |Rating: 0 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Amen on that: there's no real place to turn now!
    May 18 09:19 am |Rating: +4 -3 |Link to Comment
  • Rating Obama's First 100 Days [View article]
    I'm afraid Sabastian has it nailed...I do hope that he's wrong but it's not looking good.
    Apr 28 17:46 pm |Rating: 0 -2 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I saw on tv where our government is not going to try to stop anybody from coming to the US from Mexico. Nice!
    Apr 27 22:06 pm |Rating: 0 -1 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I really like the way GM and the government treat the bondholders, it's like we were the bad guys in all this and they're all too happy to swindle us out of our rightful investment. I guess we'll think twice before buying corporate bonds with anybody. We'll let em go under!
    By the way, my wife, who has been a GM buyer all her life, says she's going to be a Ford person from now on!
    Apr 27 21:44 pm |Rating: +2 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    So much for the rally.
    Apr 20 17:54 pm |Rating: 0 0 |Link to Comment
  • How Much Worse Can AIG Get? [View article]
    Probably not the best idea to thumb your nose at the administration at this time. President Obama has almost four years to try to figure out how to get even with AIG. Ditto for many members in Congress. They can all still get together and make any kind of law they wish, and the way I understand it AIG is owned mostly by the US taxpayers anyway.
    Mar 18 18:21 pm |Rating: 0 -3 |Link to Comment
  • AIG: If You Can't Beat 'Em, Tax 'Em [View article]
    If you try to game the system don't be surprised if the system tries to game you back!
    Mar 18 17:48 pm |Rating: +2 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I'd kinda like to see the border to Mexico completely blocked..nobody goes either way. I'd also like to see the North American Free Trade Agreement apply only to the U.S. and Canada. I don't think Mexico has earned a position in NAFTA because of their allowing massive drug smuggling and illegal immigration by the millions into the U.S. If they don't like it, so what?
    Mar 17 20:03 pm |Rating: 0 0 |Link to Comment
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