I weep for this country.

Wall Street Breakfast: Must-Know News

Mac.barron-
Good point obviously everyone who works for AIG is to blame even though some of the units are making billions in profit. So when Kevin Kelly, a legend in insurance who has never lost money for the company left that was a good thing for the company, that will really help out the country. This was a small unit that took down the parent. AIG is humongous. It is like blaming NBC for what GE Financial Unit does. You really have no clue, just let anger fuel your thinking, that is productive!

Wall Street Breakfast: Must-Know News

Read the actual bill it is available on the House's website. Despite how it has been reported it: taxes any individual whose salary and bonus combined is more than 125k. Households combined whose salary and bonus amount to more than 250K are also subject to the taking. So if you work at one of these banks, earn 100K a year and got a 26 K bonus and are the sole breadwinner of your house, the gov't will take your entire bonus. Does that seem fair to the over 116K employs of AIG who had nothing to do with the London based FP unit who work hard to provide for the familes and were counting on the bonus to pay loans and mortgages? Who are working hard to ensure that the company remains profitable to pay back the taxpayer! Wasn't that the whole point of the bailout? Or was it to pay the counterparties? Hmmmm... Oh, by the way, this tax doesn't actually tax the London based employees that everyone wants to flog. And it doesn't tax Merril Lynch because unlike AIG they are still allowed to lobby Congress. Can't wait for our best and brightest to go to Zurich, Banco Sociale and other foreign entities and the US Economy collapes. Way to go Congress!

The Tyranny of the Shareholders

Berekely Bob: Please astound us all and inform us how AIG is like Enron? Sheep like you make me laugh. You can be led astray by pundits on capitoal hill and in the media who don't know the first thing about AIG or how business works in the real world. AIG had a liquidity crisis caused by the overnight failure of Lehman's. They needed a bridge loan, instead the Gov't bend them over a barrel and took 80% of the company, something that has not happened to other company's such as Citi. All AIG is asking is for the Gov't to relinquinsh the shares it stole without shareholder approval so that the company can raise capital and pay back the taxpayers!

The Tyranny of the Shareholders

Where do you get your information? How is AIG insolvent? You really need to check your facts before you are allowed to print. Here is a word for you, libel!

Wall Street Breakfast: Must-Know News

Oct 09 07:11 AM
I can't believe all of this nonsense over AIG. IS EVERYONE STUPID! Obama made damaging reckless comments and didn't even look into the issue. The conference was set a year in advance and paid for by the marketing budget of the insurance companies which can not be tapped to pay back the loan from the FED and the FED loan money is not going into the insurance companies budget at all! Plus, the FED now owns AIG, even after AIG pays back the 100 plus billion dollar loan, the FED owns them. Why are we mad about a conference where 100 of their biggest clients were wined and dined by a 10 AIG employees that was paid for by the insurance companies? That is standard practice. The insurance company has a billion dollar marketing budget and needs now more than ever to keep their huge clients. The better AIG does the better tax payers will be when the FED sells the 79 percent interest later. Piling on against AIG is actually against every taxpayers best interest. We want them to thrive not go bankrupt you IDIOTS!

Wall Street Breakfast: Must-Know News

I can't believe all of this nonsense over AIG. IS EVERYONE STUPID! The FED now owns AIG, even after AIG pays back the 100 plus billion dollar loan, the FED owns them. Why are we mad about a conference where 100 of their biggest clients were wined and dined by a 10 AIG employees. That is standard practice. The insurance company has a billion dollar marketing budget and needs now more than ever to keep their huge clients. The better AIG does the better tax payers will be when the FED sells the 79 percent interest. Piling on against AIG is actually against every taxpayers best interest. We want them to thrive not go bankrupt you CLONES!