I am not the sharpest financial mind in the tool shed, but doesn’t Citigroup own a prosperous insurance company too? Why aren’t they being pressure to sell the lucrative assets of Travelers?
Well, DUH! Bailing out AIG has NEVER been about the equity, the company, or the shareholders.
It has ALWAYS been about the BONDHOLDERS and the COUNTERPARTIES.
As of 12/31/07, when AIG was still trading at $50-ish, they had $163 BILLION in long-term debt. And that’s just what was ON the balance sheet. God knows what’s off of it, and what they owe the counterparties.
Ah Dud again! Most of bailout going to Obama buddies. Payback for helping him get elected and future polical capital. Wellcome to the most corupt adminstration in history except maybe the Clintons.
“Treasury is providing a massive wealth transfer from taxpayers to Goldman Sachs and other parties and it’s something that absolutely should be investigated,” Investigated??!! How about everyone who engineered this getting thrown into prison? But don’t hold your breath waiting for this “investigation.” Power never investigates itself (I must admit I stole that line from George Carlin). Anyone want to do some tar & feathering?
“Whenever you find yourself in agreement with the majority, it’s time to pause and reflect.” Mark Twain
Wonder how much AIG stock Goldman had and when they started unloading. Probably 10 minutes after they left the Treasury meeting.
But the idiots at the SEC would have to investigate, and as said at their testimony before Congress the SEC management and Compliance folks are “useless”.
Where are your facts on corruption charges genius? Former Treasury Secretary Paulson (Ex CEO of Goldman!) put that deal together in the Fall. Why do you think the initial bailout aranged by Paulson (ex CEO of Goldman!) was “not subject to reveiw”? The most corrupt administration in history left office in January.
I was woundering how long it would take the dumb asses on the hill to figure this one out.
Both these crooks should be sent to the pen along with their counter parts at Goldmans.
I was saying this back before the bailout that the money was funneled to Paulson’s old employer and that was why they were in the meeting.
I wonder what the payoff was or will be ???
Thank god someone is finally willing to put something in print about it.
Here is an idea force a liqudation of both AIG & Goldman get our stolen tax money back.
Also don’t keep saying it’s to big to fail mabey it’s to big to survive.
Why do you think they were in such a rush to pass the bailout in the first place? Think about it. The majority of the bailout funds aren’t going to be utitilized until 2010 and beyond. That being the case, why was it SOOOO urgent that they pass the bailout so quickly….in particular before anyone actually had time to read the 1000+ pgs of bs and pork
It all starts with Paulson. We can’t pin this one on Bush. He was such a dumb a** he never knew what was happening most of the time anyway. But, will Henry P. really have to answer for anything? I doubt it.
See, I don’t believe bush was as ignorant as people think. (don’t get me wrong, i am NOT a bush supporter) He was however, smart enough to throw out a bunch of lifelines just before he left, knowing full well that it would hold these companies over until he was out of office, making it Obama’s problem.
Why do you think that AIG was chosen to recieve the 170 Billion. It is because it was the cleanest way to give European Governments and Banks the bailout. Who would have stood for us giving foreign governments and Banks this kind of a bailout. Tax payers are such saps. Get mad, Get angry. Join a tax tea party this 4/15/09.
I am not the sharpest financial mind in the tool shed, but doesn’t Citigroup own a prosperous insurance company too? Why aren’t they being pressure to sell the lucrative assets of Travelers?
Well, DUH! Bailing out AIG has NEVER been about the equity, the company, or the shareholders.
It has ALWAYS been about the BONDHOLDERS and the COUNTERPARTIES.
As of 12/31/07, when AIG was still trading at $50-ish, they had $163 BILLION in long-term debt. And that’s just what was ON the balance sheet. God knows what’s off of it, and what they owe the counterparties.
SURPRISE
(that’s SURPRISE in the most sarcastic tone possible)
Acutally Travelers split from CitiGroup sometime around 2001 or so. They are completely free and clear of this mess.
guess all those wharton school MBA
a and ivy league pricks arent so smart after all…
Ah Dud again! Most of bailout going to Obama buddies. Payback for helping him get elected and future polical capital. Wellcome to the most corupt adminstration in history except maybe the Clintons.
AIG must still meet it’s insurance obligations.
“Treasury is providing a massive wealth transfer from taxpayers to Goldman Sachs and other parties and it’s something that absolutely should be investigated,” Investigated??!! How about everyone who engineered this getting thrown into prison? But don’t hold your breath waiting for this “investigation.” Power never investigates itself (I must admit I stole that line from George Carlin). Anyone want to do some tar & feathering?
“Whenever you find yourself in agreement with the majority, it’s time to pause and reflect.” Mark Twain
And Citi borrowed Traveler’s Umbrella and wouldn’t give it back when they parted – hence the confusion.
You forgot to mention the Bush Administration my little sore looser.
You Forgot, Bush is no longer in power. Obama is and we are all loosers now.
Wonder how much AIG stock Goldman had and when they started unloading. Probably 10 minutes after they left the Treasury meeting.
But the idiots at the SEC would have to investigate, and as said at their testimony before Congress the SEC management and Compliance folks are “useless”.
Where are your facts on corruption charges genius? Former Treasury Secretary Paulson (Ex CEO of Goldman!) put that deal together in the Fall. Why do you think the initial bailout aranged by Paulson (ex CEO of Goldman!) was “not subject to reveiw”? The most corrupt administration in history left office in January.
I was woundering how long it would take the dumb asses on the hill to figure this one out.
Both these crooks should be sent to the pen along with their counter parts at Goldmans.
I was saying this back before the bailout that the money was funneled to Paulson’s old employer and that was why they were in the meeting.
I wonder what the payoff was or will be ???
Thank god someone is finally willing to put something in print about it.
Here is an idea force a liqudation of both AIG & Goldman get our stolen tax money back.
Also don’t keep saying it’s to big to fail mabey it’s to big to survive.
Why do you think they were in such a rush to pass the bailout in the first place? Think about it. The majority of the bailout funds aren’t going to be utitilized until 2010 and beyond. That being the case, why was it SOOOO urgent that they pass the bailout so quickly….in particular before anyone actually had time to read the 1000+ pgs of bs and pork
It all starts with Paulson. We can’t pin this one on Bush. He was such a dumb a** he never knew what was happening most of the time anyway. But, will Henry P. really have to answer for anything? I doubt it.
See, I don’t believe bush was as ignorant as people think. (don’t get me wrong, i am NOT a bush supporter) He was however, smart enough to throw out a bunch of lifelines just before he left, knowing full well that it would hold these companies over until he was out of office, making it Obama’s problem.
I said is a dumb a**. You are saying that he is evil. Could be that he is an evil dumba**.
Its really our problem now.
I’m also thinking back to who held out on the passing of the bailout…
indeed they are. Survival of the fittest. Let free competition reign.
Why do you think that AIG was chosen to recieve the 170 Billion. It is because it was the cleanest way to give European Governments and Banks the bailout. Who would have stood for us giving foreign governments and Banks this kind of a bailout. Tax payers are such saps. Get mad, Get angry. Join a tax tea party this 4/15/09.