20 to 25 people at AIG basically brought AIG to the brink of disaster....

[LakeSamish706]

and thus the world economy according to testimony of Mr. Liddy... Yikes...

[MichiganVote]

1. ....and of course nobody is to blame...all an accident...an error...disappointing as Bush would say.

[babylonsister]

2. ...and then got highly rewarded for it. Go figure. nt

[Triana]

3. And they're all getting bonuses - on US!

:mad:
:grr:

[LakeSamish706]

4. I don't know about the rest of you, but that scares the living shit outta me....n/t

[lldu]

5. Who are these 20-25 people who brought a nation to its knees?

Why hasn't any of our legislators talked about these 20-25 people??

Why haven't the names of these 20-25 people been printed?

Why hasn't all the money these 20-25 have been taken by the government?

Why aren't these 20-25 people in jail?

WHERE IS THE OUTRAGE ????? WHERE ARE THESE 20-25 PEOPLE?????

[LakeSamish706]

7. I know that we could probably find out by Googling to see who the top ....

people that have left AIG since Liddy took over as CEO are.

[Hansel]

12. All good questions.

These are the people who need to be dealt with. I wonder how many are old Enron employees. Unless they identify these people and make sure that NONE of them ever handle money again, they will crop up somewhere else and methodically test other laws for their weaknesses until they create another mess to make themselves obscenely rich and the rest of us responsible to clean up. This is a game to these guys, most of whom are likely sociopaths.

Congress is grandstanding with their "we're going to tax everyone who got a bonus at 90%" garbage. This is their way of shirking their oversight responsibility again and is a complete waste of time. "Everyone" did not cause this mess. Congress needs to demand to know who these people are and make sure that they are completely neutered. Then let the rest of they guys who did their jobs get this corporation back on track so we aren't stuck with it.

[TeamJordan23]

13. their derivative traders. nm

[ProSense]

6. "73 AIG employees receiving bonuses of $1 million each"

73 AIG employees receiving bonuses of $1 million each, almost all of the employees…responsible for creating the exotic derivatives that caused AIG’s near collapse.

link

All the crap about the bonuses are a smokescreen and irrelevant is BS.

They represent a large and symptomatic part of the problem.

[uponit7771]

8. They should be in jail, they "mistated" their exposure to CDS's or they told somone and that person

...lied.

[MarjorieG]

9. So, let's not blame the deregulation, last Fall's packages, only Geithner.

[Uzybone]

10. Thats what I was thinking

the AIG employees only did what they did because of reckless deregulation and zero oversignt. I blame that more than I blame the crooks.

[amandabeech]

11. Check out Geithner's Wiki bio:

http://en.wikipedia.org/wiki/Timothy_F._Geithner

He's a former Republican who started out working for Kissinger and started his service in the Reagan treasury department.

He turned himself into a Democrat and went to work for Rubin and then Summers at the Clinton treasury department.

He was around during the repeal of Glass Steagall and the time when Summers was lobbying furiously to keep the gov from regulating derivatives.

Then the CFR, then head of the NY Fed.

By all accounts, he is a Greenspan acolyte.

A lot of us who don't like Geithner now didn't support his nomination in the first place. I'm one of them.