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Former General Re, AIG Executives Could Face Life in Prison

National News • November 5, 2008
Five former insurance executives tied to American International Group face up to life in prison under a financial manipulation scheme. The potential lengthy prison terms are the result of a ...

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Subject: RE: RE: RE: RE: AIG/Gen Re sentences

Posted On: November 5, 2008, 1:36 pm CST
Posted By: Anonomus
Comment:
Unfortunately, your naive and whimscical comments have no relevance to the conviction or sentences to which the five now face. The loss portfolio transfer has no causual connection to the credit-default swap that is the root cause of AIG's financial collapse.

It's a grave travesty of justice when the court finds these five guilty of a scam transaction but yet turns a blind eye to Hank Greenberg and Warren Buffett's role in this false transaction. Who profited from the LPT? The five individuals or Hank and Warren when the scheme was devised in 2004?

These five insurance professionals were caught in the middle of what started out to be a legitimate insurance transaction but for reasons unknown did not complete the purchase of AIG's case reserves.

The ones that benefited were Gen Re and AIG not the five fall guys and gal.

A little benevolence and less criticism would be in order. Oh! by the way, be careful how you handle your transactions.
Subject Posted By Posted On
RE: Reinsurance Reinsurance v complaints with state insuranc
Nov 10, 2008, 8:11 pm
he was never charged. After AIG agreed to pay $1.6
Nov 10, 2008, 7:47 pm
RE: RE: RE: RE: Get Your Facts Straight- lengthy prison term MELANIE
Nov 10, 2008, 7:29 pm
RE: nobody important
Nov 10, 2008, 11:37 am
"could" is a big word Smitty
Nov 10, 2008, 10:38 am
RE: Straight - nut case. nobody important
Nov 10, 2008, 10:18 am
Facts may not matter middle class
Nov 10, 2008, 9:59 am
RE: RE: RE: Get Your Facts Straight dot_hemath
Nov 10, 2008, 9:34 am
RE: RE: RE: Get Your Facts Straight Harry S. Truman
Nov 9, 2008, 3:27 pm
RE: RE: Get Your Facts Straight clipper
Nov 8, 2008, 6:29 am
case. history
Nov 7, 2008, 7:23 pm
Straight - nut case. A NUT CASE
Nov 7, 2008, 7:00 pm
RE: RE: Straight nobody important
Nov 7, 2008, 3:23 pm
RE: Straight
Nov 7, 2008, 10:32 am
Straight MELANIE
Nov 7, 2008, 10:09 am
RE: Get Your Facts Straight dot_hemath
Nov 6, 2008, 12:34 pm
RE: Get Your Facts Straight JG
Nov 6, 2008, 12:22 pm
Get Your Facts Straight James Miller
Nov 6, 2008, 9:08 am
RE: RE: RE: Government Prosecution truto
Nov 5, 2008, 4:22 pm
Courts going crazy Rick
Nov 5, 2008, 3:03 pm
RE: RE: Government Prosecution Monika L
Nov 5, 2008, 2:38 pm
AIG crooks & more crooks truto
Nov 5, 2008, 2:27 pm
RE: Government Prosecution confused
Nov 5, 2008, 1:50 pm
RE: RE: RE: RE: AIG/Gen Re sentences Anonomus
Nov 5, 2008, 1:36 pm
Life in Prison David
Nov 5, 2008, 1:27 pm
Government Prosecution Monika L
Nov 5, 2008, 1:23 pm
This happend under Hank and Warrens watch Hank and Warren
Nov 5, 2008, 1:01 pm
RE: RE: RE: AIG/Gen Re sentences Ralph
Nov 5, 2008, 12:48 pm
RE: RE: AIG/Gen Re sentences JG
Nov 5, 2008, 12:36 pm
RE: AIG/Gen Re sentences Sarah Superstar
Nov 5, 2008, 12:06 pm
AIG/Gen Re sentences geoff jones
Nov 5, 2008, 10:29 am
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