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The big picture is they have too much money to play with.

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C......N......C Donating Member (454 posts) Send PM | Profile | Ignore Wed Mar-18-09 02:22 PM
Original message
The big picture is they have too much money to play with.
Edited on Wed Mar-18-09 02:23 PM by C......N......C
More regulation and more taxes. Let the poor people have their chance to squander the money.
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gratuitous Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 02:41 PM
Response to Original message
1. That was indeed mentioned in the last eight years
There was too much money chasing too few investments, and when that happens, bad things tend to follow.
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slackmaster Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 02:42 PM
Response to Original message
2. I'm a middle-class working taxpayer
And I'd love to be able to squander more of my own money.
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C......N......C Donating Member (454 posts) Send PM | Profile | Ignore Wed Mar-18-09 03:14 PM
Response to Reply #2
3. And can you believe that at the hearings today Liddy said
they would quit if they didn't get your tax money bonuses ?
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slackmaster Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 03:16 PM
Response to Reply #3
4. I don't watch that kind of TV programming. It seems to me paying them $165 million is wrong
Edited on Wed Mar-18-09 03:16 PM by slackmaster
But it's really a drop in a bucket compared with the tens of billions that have been spent bailing out corporations.
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C......N......C Donating Member (454 posts) Send PM | Profile | Ignore Wed Mar-18-09 03:18 PM
Response to Reply #4
5. Basically they said that no matter how bad it is, it would have been worse
if they weren't in control. Their point is that if your house was on fire, they would have saved more of it for you than any other group.
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slackmaster Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 03:20 PM
Response to Reply #5
6. I have always thought that firefighters saved homes
Insurance companies just try to pay you as little as possible on claims.

They sound like an odd bunch of fellows.

One of the companies I work for has insurance companies as their major customers. They seem rather nasty.
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C......N......C Donating Member (454 posts) Send PM | Profile | Ignore Wed Mar-18-09 07:53 PM
Response to Reply #6
7. That Liddy was really arrogant. He was basically saying that he held
the future of the country in his hands.
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Mike 03 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 07:55 PM
Response to Reply #7
8. Well, he was telling the truth. If AIG collapses, the global economy will implode. That's not
arrogance, it's just reality.

Also, he was brought in at the last minute to replace the people who made the mess.

Did you watch the hearings? He's making a dollar a year.

If I were him, I would resign. Who wants to get death threats from stupid shits who have no clue who he is or what is role is? And against him wife and children?

Fuck that.
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C......N......C Donating Member (454 posts) Send PM | Profile | Ignore Wed Mar-18-09 07:59 PM
Response to Reply #8
9. Yeah, he is doing and taking all that crap out of the goodness of his heart..
I bet he is rethinking that decision. I still don't understand why he is doing it for a dollar. He had nothing to do with the original mess and like you pointed out, he was brought in after the fact to clean it up. The bonuses they are talking about are to get people to finish the job of cleaning up the company and winding it down. Seems that when they are done, the economy will really be shot, because there will be nobody to insure the big jobs.
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Mike 03 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 08:12 PM
Response to Original message
10. Your post is a bit incoherent.
Who is the "They"?

Are you talking about investors for pension funds and 401ks?

Or compulsive gamblers?

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C......N......C Donating Member (454 posts) Send PM | Profile | Ignore Wed Mar-18-09 09:04 PM
Response to Reply #10
11. I was engrossed with the AIG hearing today and forgot to qualify
my statement. I was talking about the AIG vultures.
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