moment with big "O". Today, disarm the pilots clandestinely, to where they can no longer protect themselves and us despite there never being a problem, ask the Vets to pay their fair share of the budget deficit by requiring their private health insurers to pay back Uncle Sam for battle related disabilities, and to top it off, telling AIG employees who rightfully received bonus compensation to give it back or commit suicide. This clown is abominable and everyone on this forum who actively supported him should be genuinely ashamed. No excuses for this ego driven, inexperienced, fool we have as president.
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| Name: |
DirtDiva
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| Subject: |
Please DO NOT
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Date:
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3/17/2009 2:38:16 PM
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insult all of us "real" clowns by calling that man a clown. For those of us who take the art seriously, he can not and will not ever be good enough to be called a clown!
Dirt aka The Daisy Diva
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My mistake on the resign or commit hari kari quote. It was actually a repub that said this. Go figure. What a mess, bring back term limits and flush these career politicians outta here.
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| Name: |
muddauber
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| Subject: |
Please DO NOT
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Date:
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3/17/2009 4:17:20 PM
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I decided some time ago that nothing will "change" unless we get rid of the career politician. I simply vote against every incumbent. Not a perfect solution, but one I chose out of frustration seeing the same garbage returned to office election after election.
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| Name: |
Talullahhound
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| Subject: |
Never a dull
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Date:
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3/17/2009 6:12:35 PM
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I don't see anything wrong with giving AIG h*ll for giving out those bonus. Yeah, those people had a "right" to a bonus -- when the company was making money, not taking a government bailout. I understand 11 of them got their bonus and quit. So much for having to pay bonus to make sure the "smart" people stuck around.
It shows poor, poor judgement on everyone's part that they were paid. Poor judgement on the part of AIG that it wasn't tied to the company profits; poor judgement on the part of the people being paid the bonus (but then, greed is the mantra isn't it?) and poor judgement on the part of Paulson/Bush/Congress and anybody else in the government who was involved in the AIG Bailout for not checking the contracts and not putting a limitation on bonus.
No different than their little executive excusion right after the bailout. They ought to be ashamed of themselves.
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| Name: |
au67
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| Subject: |
Never a dull
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Date:
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3/17/2009 7:01:12 PM
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I notice you don't mention the following names...Obama, Geithner, and Dodd. I'm sure there must be some logical reasoning.
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| Name: |
Swimmer27
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| Subject: |
Now Hound....
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Date:
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3/17/2009 7:03:01 PM
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"and poor judgement on the part of Paulson/Bush/Congress and anybody else in the government who was involved in the AIG Bailout for not checking the contracts and not putting a limitation on bonus."
Did you not hear of the DODD amendment? I am pretty sure Bush was gone by 2-11-09. But I understand that yo have not been able to exhibit your BDS lately, so have fun. Those of us in the know, know who is to blame.
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| Name: |
MartiniMan
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| Subject: |
Never a dull
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Date:
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3/17/2009 8:26:14 PM
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I actually have another view on the $165M in bonuses. So far AIG has gotten $170 billion from the government so I am much more concerned with what the h#ll happened to the remaining 169+ billion that they got. Forget the 0.97% of the money and ask what happened to the rest of your hard earned cash!!!!
Here's an interesting factoid that is not getting nearly the attention it should. Guess who who last September in our beloved government was responsible for setting up the AIG bailout? Guess who knew about the $165M in bonuses that AIG was contractually obligated to pay out to employees? Guess who knew that AIG would turn around and give $20 billion to foreign banks, $15 billion to Goldman Sachs (no wonder they said they didn't need bailout money directly from the government) and on and on? None other than our current Treasury Secretary Turbo Tax Timothy Geithner. I am betting the Messiah wishes he had jettisoned Geithner when he found out he was a tax cheat.
This is just another in a long line of Obama scandals, pure and simple. HOPEless and CHANGE for the worse!
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| Name: |
Talullahhound
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| Subject: |
Never a dull
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Date:
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3/17/2009 9:02:18 PM
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Well, my recollection was that the original bailout for AIG was on Paulson's watch and I'm sure that is when the framework for the buyout was put in place. The framework agreement would generally lay out all the terms and conditions for the money.
I feel sure that Obama and Geitner and everyone in the new Administration knew about the contracts. I think they all deserve some blame.
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You are back! I've missed your criticisms (kinda the way you miss a toothache... LOL)
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| Name: |
Swimmer27
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| Subject: |
Here's an excerpt
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Date:
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3/18/2009 9:22:08 AM
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We have witnessed the shredding of the constitution in recent years but now our wonderful imperialist federal guvment thinks we should just shred contracts too. If it doesn't pander to the 'greater good' then it doesn't mnatter that there is a contract in place. AIG bonuses and mortgage 'cramdowns' are prime examples. But on the up side, since contracts mean nothing, we can now follow the great bard's advice...........
From Neal Boortz:
"Eleven of those bonuses went to former employees. The contracts were written in March 2008, and they guaranteed 100% of their 2007 pay for 2008. They were not based on performance. Apparently the top individual bonus was more than $6.4 million, and the top seven received more than $4 million each. Did these people really earn this money? Possibly not. But they were parties to a contract .. and if the money had not been paid they would have most certainly sued for it.
Here's something I'm guessing you don't know. The Financial Services Division of AIG is headquartered in Wilton, Conn. In Connecticut they have a little gem called the "Wage Act." This law says that if an employee has to sue for wages payable pursuant to a contract they recover twice the amount that is contractually owed. That would have meant $330 million instead of $165 million. Add some attorney's fees on top of that. So ... you're running AIG. What would YOU do?"
URL: Neal Boortz
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| Name: |
Swimmer27
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| Subject: |
Swim!
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Date:
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3/18/2009 9:25:22 AM
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I am heare every day. You are the one that goes missing from time to time for a few 'mental health days'. And if I can be a 'toothache' to you, well it ain't as much fun as beating feb up with his own words, but it will do on a dull day....lol.
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I'm here most days, but now that the weather is nice I like to spend a lot of time outside.
And now that I'm retired all my days are "mental health days".
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MM, I wholeheartedly agree. While Hound laments over the less than 1% of the 170 Billion, I wonder what happened to the 169B. If we were to piece by piece, attempt to dismantle AIG now, would we see any of that money? The fact is, AIG payed off its liberal financial partners in addition to foreign banks first. This is, I believe, the reason for the show hearings...Only trying to divert attention from where that money really went. It's long gone, and we will be aghast at where it really went under this administrations, and not Bush's, oversight. Are these guys really this incompetent?
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| Name: |
MartiniMan
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| Subject: |
Never a dull
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Date:
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3/18/2009 12:02:29 PM
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Yes Paulson was the head of Treasury but Geithner as head of the NY Federal Reserve was completely immersed in the negotiations of the bail out of AIG. He worked closely with Paulson on the first round of the bailouts and that in fact was one of the main reasons the Obama administration stated that no one other than the tax cheat could handle this crisis. It was his very experience with negotiating the AIG bailout that the administration used to justify ignoring his crimes or incompetence (you pick whichever you prefer)! There is no way for Obama to distance his administration from this. But again, we are allowing the politicians to change the focus from the real outrage, the $20B that went to foreign banks, the money to Goldman, etc. That is the real tragedy here and Geithner's incompetent hands are all over it.
Hound, you really need to expand your source of news because you will never get the truth about this administration from the mainstream media or the netroots.
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Hound, lo and behold, guess who else has retention bonuses negotiated into their operational guidelines? None other than Freddie Mac!! Senior and Exec VP's get their bonus payouts in 4 installments with only the last payout having any connection to performance. Shocked you say? Guess who negotiated all of this. I'm sure we'll hear 'ol Bawney Fwank complaining about these bonus payments as loudly as he has about AIG. But then again, maybe his man friend was a recipient?
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| Name: |
Talullahhound
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| Subject: |
Never a dull
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Date:
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3/18/2009 4:01:19 PM
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I'm not shocked. I just don't feel it's right. Bad business practices are bad business practices.
Last I checked, Barney Frank is a legislator, not a business expert.
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| Name: |
MrHodja
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| Subject: |
Never a dull
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Date:
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3/18/2009 4:25:31 PM
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Seems nobody told him that.
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| Name: |
Talullahhound
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| Subject: |
Never a dull
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Date:
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3/19/2009 6:04:58 PM
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To be honest, I can't even stand to watch him.
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