Surprise, surprise: Obama has you all fooled Re: AIG bonuses

Discussion in 'General' started by dajoka004, Mar 18, 2009.

  1. dajoka004

    dajoka004

    4,968
    114
    Joined
    Jan 29, 2003
     
  2. dajoka004

    dajoka004

    4,968
    114
    Joined
    Jan 29, 2003
    Intelligent answer from an intelligent person.
     
  3. kash55

    kash55

    6,624
    13
    Joined
    Jul 24, 2004
    Some provisions should have defiantly been put in to stop such actions.
     
  4. dathbgboy

    dathbgboy

    17,270
    2,351
    Joined
    Mar 15, 2006
    OK so who signed off on the bailout to begin w/? Think about it. U are one of the problems w/ America, so thirsty and pent on wantin to "right" thatu're willin to point blame at the leader of our country. He's our president, DEAL WITH IT. POLITICS IS POLITICS, the little ppl ALWAYS get shafted inpolitics, do ur history and realize that
     
  5. seasoned vet

    seasoned vet

    8,169
    1,541
    Joined
    Jun 27, 2005
    [​IMG][​IMG]
     
  6. ericberry14

    ericberry14

    4,336
    11
    Joined
    Nov 7, 2008
     
  7. dajoka004

    dajoka004

    4,968
    114
    Joined
    Jan 29, 2003
    [​IMG] It kills me to see this.
     
  8. pr superman 247

    pr superman 247

    244
    10
    Joined
    Sep 27, 2002
    For those who want to point fingers at Obama, last year it was stated in signed written contracts that those who recieved their bounuses were to get them. AIGhad no choice but to give those bonuses because they would be breaking the law if they didn't. Obama couldn't just break a contract or law to give thebailout money. None of us tax payers especially don't like this, but a contract is a contract.
     
  9. stillmatic

    stillmatic

    794
    10
    Joined
    Jan 22, 2001
    im gonna be in a higher tax bracket this year. i hate making more and more money..........blows
     
  10. dajoka004

    dajoka004

    4,968
    114
    Joined
    Jan 29, 2003

    Many articles have been conveniently leaving out the fact that Dodd told Wolf Blitzer that it was the Obama administration that pushed for this.

    This is a good article on it. It just wouldn't paste correctly.

    http://edition.cnn.com/2009/POLITICS/03/18/aig.bonuses.congress/
     
  11. dajoka004

    dajoka004

    4,968
    114
    Joined
    Jan 29, 2003
    My point was that Obama's "outrage" over the bonuses is nothing but a political ploy. He's not mad. He knew that's wherepart of the money was going. If he was really mad, he'd make sure they didn't receive the next $30B. But that definitely won't happen.
     
  12. juju

    juju

    1,487
    59
    Joined
    Dec 11, 2008
    so why didnt you say just that?
     
  13. ericberry14

    ericberry14

    4,336
    11
    Joined
    Nov 7, 2008
    Many articles have been conveniently leaving out the fact that Dodd told Wolf Blitzer that it was the Obama administration that pushed for this.

    This is a good article on it. It just wouldn't paste correctly.

    http://edition.cnn.com/2009/POLITICS/03/18/aig.bonuses.congress/


    well i stand corrected then. But i think it was pretty clear that the government knew that this was going to happen when they gave AIG that money.
     
  14. daytona 5000

    daytona 5000

    11,925
    502
    Joined
    Sep 24, 2008
    I don't see why people are so mad that they are getting those huge bonuses. AIG is contractually obligated to give it to them.
     
  15. wanksta23

    wanksta23

    7,011
    291
    Joined
    Jan 9, 2003
    OBAMA FTW!!
     
  16. welcometothetonezone

    welcometothetonezone

    2,745
    215
    Joined
    May 10, 2007
    Starts at 4:30 when discussing AIG

    I think Bernanke used a great analogy in this interview. The interview is at the beginning of this 2nd video below.



    Yes, I too am mad at these AIG boneses and bail outs, but these bailouts are necessary.
     
  17. qpitfighter

    qpitfighter

    538
    11
    Joined
    Nov 5, 2002
    [​IMG]
     
  18. dugtrio

    dugtrio

    1,764
    10
    Joined
    Dec 11, 2008
    word, money sucks.
     
  19. daytona 5000

    daytona 5000

    11,925
    502
    Joined
    Sep 24, 2008
    Bernanke can go %*!% himself
     
  20. dr spaceman

    dr spaceman

    4,603
    10
    Joined
    Apr 26, 2008
    Word, it sucks taking home more money because it was taxed more. Wish i made less money so they took less taxes, cuz, you know, taxes are moreimportant than net pay. And i don't get what dude is up in arms about trying to disprove this and that. Are there even people that dense that thought thePres. was gonna not do business as usual? or do you just want to somehow seem superior?
     
  21. fc15

    fc15

    315
    10
    Joined
    Jun 20, 2005
    Stop eating everything being fed to you. AIG is going to get another $30B in bailout money. $30B minus $165M equals $29.835B. Not much of a difference, eh? Why not just NOT give them the $30B, and
    quit wasting our damn money?
    Source?
     
  22. ohburrrr

    ohburrrr

    127
    10
    Joined
    Oct 23, 2005
    what i find funny is how all this bail out money is handed to the EXACT same people who squandered hundreds of millions if not billions, of dollars which drovethem into this mess in the first place! Clearly they aren't the right people to be making decisions and though a bail out is necessary, I think thegovernment should have some sort of control over or at least over see how these funds are spent.
     
  23. dajoka004

    dajoka004

    4,968
    114
    Joined
    Jan 29, 2003
    That's what my title was trying to imply. I should have been more clear.

    The original article is from Fox News.
     
  24. reigndrop

    reigndrop

    1,315
    11
    Joined
    Sep 18, 2008
    I agree that some bailouts are necessary and that standing idle is plain stupid, but AIG was plain dumb.� It's quite clear that bailing outAIG was more of a money laundering scheme than anything.� The only winners in this bailout was European Banks and Goldman, which said that it had adequatelyhedged against an AIG failure.� So why the bailout? � tis tis� [​IMG]
     
  25. throwedindagame

    throwedindagame

    6,785
    18
    Joined
    Dec 30, 2006
    There is a circle of about 200 people who are getting very rich from all of these bailouts.

    One Ex-Goldman Sachs CEO in particular who happens to work in Washington. Gotta make sure you kill the competition and let your ex-firm stay afloat so u cancontinue to receive post-employment compensation/pensions eh Mr. Paulson?