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  • Wall Street Breakfast: Must-Know News [View article]
    No, this is about the arrogance of Wall Street and Washington, and the complete lack of consequences for immoral behavior.

    No doubt there are good people who work at AIG - but they were not in charge.

    AIG should not have been saved. NONE of them should have been saved.

    As long as we reward failure and immoral behavior we by proxy punish the good people at AIG and the responsible individuals and investors who are the foundation of any society.

    This kind of bull$hit gives capitalism and private investment a bad name and gives Marxists fuel for their fire.

    Equivocation and moral relativism is the road to HELL and we need to get off that road NOW.


    On Nov 11 10:50 AM axelrod608 wrote:

    > Come on, commenters, lets get at least a little accuracy and objectivity
    > in the AIG controversy. Almost all of AIG was well run by competent
    > employees. AIG was gutted by ONE division that played fast and loose
    > with highly leveraged derivatives that went south, all the way to
    > financial Antarctica.
    >
    > MOST of AIG continued to be well run and still is. MOST of AIG has
    > been continuously profitable. MOST AIG emplloyees are good, competent
    > people.
    >
    > I know you're angry about the bailouts. I am too. But let's keep
    > the comments accurate. And the part of the AIG bailout that makes
    > me furious is that the ONLY reason our "leaders" bailed AIG out was
    > that Goldman Sucks was counterparty to many of AIG's derivatives
    > and would have taken huge losses if AIG failed. The AIG bailout was
    > really a GS bailout.
    >
    > The underlying belief of our "leaders" is that what's good for GS
    > is good for America. It was wrong when they said it about GM and
    > it's wrong about GS too.
    Nov 11 11:25 am |Rating: +5 -4 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Big Picture:

    The economy and the nation is an 85 year old with stomach cancer and a failing heart who insists that they are about to learn skydiving, go back to college, and write a novel.

    AIG Steward to jump ship - really? Can I shove him off the plank?! Hey Benmosche! Can I help move you out of your office? Let's take the back staircase. Pay for talent!?!? Is greed and a complete lack of ethics a talent? Is gambling with other people's money they gave you for safekeeping a talent? If that is talent we should be hanging priests and teachers. @!*%#@!!@%^&^!!!!!!!!

    Geithner got where he is by being a two-faced liar; telling people what they want to hear for his own gain - equivocating, mind-numbing doublespeak, the backbone of a jellyfish, and the heart of frozen corpse of a soul that went straight to Hell; just like our politicians and banking oligarchs.

    In short, moral and ethical adults are not in charge; we are ruled by Nero's and Jezebel's.
    Nov 11 10:03 am |Rating: +13 -1 |Link to Comment
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