I weep for this country.

AIG Mystery Trades: Who Really Knew About Them?

nukldragr:
"One wrong name does not a bad article make" - I am glad you think so, so the author, who doesn't even know who the CEO of AIG (while writing about AIG) and is speculating (admittedly) about something he has no facts to support has written a good article here in your opinion? Great. You are very trusting, not to bright, but very trusting!

AIG Mystery Trades: Who Really Knew About Them?

holmesnmanny:
What do you contend Liddy has done wrong?

AIG Mystery Trades: Who Really Knew About Them?

Bruce:
I would never tell someone to committ suicide I will leave that up to our esteemed Congressmen.

AIG Mystery Trades: Who Really Knew About Them?

LOL..

AIG Mystery Trades: Who Really Knew About Them?

Eric 1271:
The facts are that Ed Liddy is the AIG CEO but let him speculate that it is actually Mr. Kelly!

AIG Mystery Trades: Who Really Knew About Them?

OK, I had to comment again. My favorite part of your article is in the absence of fact let me speculate. Maybe aliens came down and told Mr. Kelly to unwind the book.

AIG Mystery Trades: Who Really Knew About Them?

You really have great sources. Who is Kelly, the AIG CEO? Where the heck do you get your information. I would like to take a half hour and tear a whole in your whole argument but since you are quoting a Mr. Kelly as CEO and since such a person never held that spot I will just laugh at your joke of a report! Keep up the great work!

AIG Makes Its Case

Eric1271:
Great points. When will the so called media understand what is happening at AIG? The government didn't bail out AIG! In other words, there was no money injected into AIG to save the company or improve its balance sheet or help it as an ongoing concern. Rather, what was done was basically that the government used its funds to flow through AIG to make the counterparties whole. In exchange for that, the government fired the CEO, installed their own CEO, shook up the board and took over the company. They are now liquidating the companies and trying to sell off the profitable insurance companies that were operating just fine until now and can help repay the taxpayer for the money that was actually given to the counterparties. Once the media would understand that, maybe they could stop coming up with idiotic yellow journalism like ABC does every two weeks. All this hatred that the media stirs up and directs at AIG does is send business to Zurich and diminishes the value of any return the taxpayer hopes to see from this so called bail out. If you own 80 percent of a company that you are selling off piece by piece why would try to smear the image of those companies, makes no sense to me!

Don't Underestimate Sirius' Triangle Pattern

Matty3000:
No.

Seething Over Liddy's AIG-Goldman Connection

Is the author really this misinformed? You have zero credibility if you are just figuring this out! Paulson, a former GS guy who made these deals with AIg, decided to bail out AIG not to save AIG but rather to save the banks, namely GS. Not just save them but give them a windfall. They paid them out 100 cents to the dollar, if AIG went bankrupt it would have been much much less, obviously. The gov't killed the AIG shareholder, got rid of the AIG board and AIG CEO and put Liddy, a GS guy, in charge. This has been well publicised since it happended. In fact, once he became CEO of AIG, Liddy had to step down from the board. However, this is all smoke and mirrors. Liddy didn't really have a say in paying out GS, just keeping it quiet for the treasury. That call had already been made and agreed to by the former board. Once the payout to GS was about to come to light, the government then leaked the bonuses and made that the big deal rather than focus on the GS payout! So the sheep in AMerica were outraged by the bonuses, not the fact that AIG could have been saved by a Citibank like guarnatee and there was no reason to pay these counterparties, mostly GS, the 180 billion dollars. Instead, make AIG the scapegoat, and wny not, there is nobody who cares about them, and all the while hook up your buddies in the banks!

BlackRock: Goldman's Q1 Profit Non-Recurring and a Result of AIG Unwinds

Sorry, my computer was stuck there for a while....

BlackRock: Goldman's Q1 Profit Non-Recurring and a Result of AIG Unwinds

I disagree. I think GS were pretty brillant here. They got their buddies in the Fed and Congress to destroy AIG and use it both as a scapegoat and flow through vehicle to cover all of their CDO exposure 100 cents on the dollar. On the eve of the public finding out just where all of those billions went, the media and the government went completely ape sh#t over 125 million dollars in bonuses paid to AIG employees recruited to unwind the CDOS and of which the government intented on paying from the beginning. All the while escaping the ferovor was the bonuses paid to Merrill, Citi, Fannie and Freddie. And the public bought it, the fervor was all about those bonuses not why was GS completely bailed and paid out 100%. Just Brillant!

BlackRock: Goldman's Q1 Profit Non-Recurring and a Result of AIG Unwinds

I disagree. I think GS were pretty brillant here. They got their buddies in the Fed and Congress to destroy AIG and use it both as a scapegoat and flow through vehicle to cover all of their CDO exposure 100 cents on the dollar. On the eve of the public finding out just where all of those billions went, the media and the government went completely ape sh#t over 125 million dollars in bonuses paid to AIG employees recruited to unwind the CDOS and of which the government intented on paying from the beginning. All the while escaping the ferovor was the bonuses paid to Merrill, Citi, Fannie and Freddie. And the public bought it, the fervor was all about those bonuses not why was GS completely bailed and paid out 100%. Just Brillant!

BlackRock: Goldman's Q1 Profit Non-Recurring and a Result of AIG Unwinds

I disagree. I think GS were pretty brillant here. They got their buddies in the Fed and Congress to destroy AIG and use it both as a scapegoat and flow through vehicle to cover all of their CDO exposure 100 cents on the dollar. On the eve of the public finding out just where all of those billions went, the media and the government went completely ape sh#t over 125 million dollars in bonuses paid to AIG employees recruited to unwind the CDOS and of which the government intented on paying from the beginning. All the while escaping the ferovor was the bonuses paid to Merrill, Citi, Fannie and Freddie. And the public bought it, the fervor was all about those bonuses not why was GS completely bailed and paid out 100%. Just Brillant!

Perhaps Congress Bears As Much Blame for This Mess As Wall Street

Do you even realize that many of these executives were brought in after the fall to fix that unit. In fact, the man who heads up the unit was brought over from Merrill and guess what yes, you have to give him money in order for him to take the job since he is good enough to go somewhere else. Who would go there now? You own the company, it is losing value everyday. You can't blame Matt Lauer, who is getting ratings and making money for NBC, for the problems GE is having in their financial unit. Would it make sense not to pay him and then have him go to ABC? No, you would end up hurting the division that is making money! This is a conglomorate and there is plenty of good business units there that are now going to lose value because of the demonization of the parent. This FP unit is a fly speck on the Company as a whole but if we keep this up the whole company goes down along with all value the taxpayer could possibly reap from a sale. Your lack of understanding of how business works is fine, the problem is that Congress shares your ignorance.