I weep for this country.

AIG Exec Departures: What a Surprise!

Daniel: 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.

25 Companies That Lost America Nearly $1 Trillion

People we own AIG! Why are we trying to destroy it? It should be unamerican to bash the good people at AIG who are now working there knowing how bad they are perceived and yet staying loyal to the company. Keeping good employees who see some future in their current roles in the only way we will see any of that money that Congress decided to give to Goldman and France. Remember the people who caused the crisis left! And most of AIG is made up of good, solid insurance units that up until now were making money. But this grandstanding is now hurting that part of the business that had nothing to do with Financial Products whatsoever and which hold the key to taxpayers recouping what the Fed gave to the counterparties!

AIG Exec Departures: What a Surprise!

People we own AIG! Why are we trying to destroy it? It should be unamerican to bash the good people at AIG who are now working there knowing how bad they are perceived and yet staying loyal to the company. Keeping good employees who see some future in their current roles in the only way we will see any of that money that Congress decided to give to Goldman and France. Remember the people who caused the crisis left! And most of AIG is made up of good, solid insurance units that up until now were making money. But this grandstanding is now hurting that part of the business that had nothing to do with Financial Products whatsoever and which hold the key to taxpayers recouping what the Fed gave to the counterparties!

Will We See More Lawsuits Against the Investment Banks?

The real genius here is the architect of this outrage residing in the current adminstration. They were able to turn the country's attention to these bonuses (which they knew about for months and endorsed since AIG's Board is unable to take any action without running it by the Fed) and away from the billions that went to the counterparties, i.e., Goldmen, etc... They were the ones bailed out, not AIG. They were the ones who created the mortages not AIG. The day the identity of the counterparties were released the outrage from Washington was created.
It is obvious, but still the sheep all waive their pick signs and our upset that these folks got bonuses because they are trying to unwind accounts that could cost the taxpayers way more than they have paid so far!
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The greatest trick the Devil ever pulled was getting the world to believe he didn't exist!