I bet if homeless guy living on the street by my house stole $100 from a convenience store he would get 15 years. For such a large theft 4 years seems miniscule. We put people in jail for 30 year federal mandatory minimums for possession, and this guy gets 4 for stealing more than 10,000 times more than the average person makes in a year? What a joke.
Hank is lucky he is still out there writting letters to AIG from his posh living and not sitting in jail……..AIG falures starts and ends with good ole boy HANK!
Hank knew all along about this and there “CREDIT SWAPS” business also.
Anyone who knows how AIG worked knows that Greenberg knew everything that went down there.
It would appear that Greenberg hired him with a great salary and large enough bonus to take of this fine.
Also he in fact never took a dime. The value of the 500 mill is the loss in value of the total outstanding stock.
So the former AIG employees are giving up 2 years of their life to help keep ol Hank out of the hot seat. I would like to know how much they got paid for those 2 years.
C’mon, of course Greenberg knew — why hasn’t he been charged?
# # #
According to prosecutors, Milton’s former boss when he was CEO at CEO, Maurice “Hank” Greenberg, who resigned from AIG in 2005, has denied knowledge of any improper transaction and wasn’t charged with a crime.
After they left AIG in March, 2005, Greenberg hired Milton to work at his current firm, C.V. Starr & Co., an insurance and investment company.
Hank knew, Warren knew. They all paid somebody to stay out of jail. They’re either smart businessmen who know what’s going on in their company or they aren’t. With the size of those deals,they knew. Code of the West: If you lie,cheat and steal, you go down……unless you pay somebody.
I’m so glad you guys have dissed Bush for the last 8 years. It gives me license to trash the new guy as he repeatedly sells our country out. Oh, goodie!
Oh, Nik. Do tell us of the horrible corruption of the Bush administration. Details would be appreciated. Shouting “Halliburton” doesn’t count. 1, 2, 3……. GO!
Is it just me or do the rest of you see a troubling inconsistency in criminal sentencing in general? We see people who do great bodily harm getting less time than this AIG executive. Now, I’m as attached to my fancy German car as the next person but I’m still old fashioned enough to believe that human life is much more valuable than money.
President-elect Barack Obama was asked whether he would seek an investigation of possible crimes by the Bush administration. “I don’t believe that anybody is above the law,” he responded, but “we need to look forward as opposed to looking backwards.”
I’m sorry, but if we don’t have an inquest into what happened during the Bush years — and nearly everyone has taken Mr. Obama’s remarks to mean that we won’t — this means that those who hold power are indeed above the law because they don’t face any consequences if they abuse their power.
Let’s be clear what we’re talking about here. It’s not just torture and illegal wiretapping, whose perpetrators claim, however implausibly, that they were patriots acting to defend the nation’s security. The fact is that the Bush administration’s abuses extended from environmental policy to voting rights. And most of the abuses involved using the power of government to reward political friends and punish political enemies.
At the Justice Department, for example, political appointees illegally reserved nonpolitical positions for “right-thinking Americans” — their term, not mine — and there’s strong evidence that officials used their positions both to undermine the protection of minority voting rights and to persecute Democratic politicians.
The hiring process at Justice echoed the hiring process during the occupation of Iraq — an occupation whose success was supposedly essential to national security — in which applicants were judged by their politics, their personal loyalty to President Bush and, according to some reports, by their views on Roe v. Wade, rather than by their ability to do the job.
Speaking of Iraq, let’s also not forget that country’s failed reconstruction: the Bush administration handed billions of dollars in no-bid contracts to politically connected companies, companies that then failed to deliver. And why should they have bothered to do their jobs? Any government official who tried to enforce accountability on, say, Halliburton quickly found his or her career derailed.
There’s much, much more. By my count, at least six important government agencies experienced major scandals over the past eight years — in most cases, scandals that were never properly investigated. And then there was the biggest scandal of all: Does anyone seriously doubt that the Bush administration deliberately misled the nation into invading Iraq?
Why, then, shouldn’t we have an official inquiry into abuses during the Bush years?
One answer you hear is that pursuing the truth would be divisive, that it would exacerbate partisanship. But if partisanship is so terrible, shouldn’t there be some penalty for the Bush administration’s politicization of every aspect of government?
Alternatively, we’re told that we don’t have to dwell on past abuses, because we won’t repeat them. But no important figure in the Bush administration, or among that administration’s political allies, has expressed remorse for breaking the law. What makes anyone think that they or their political heirs won’t do it all over again, given the chance?
In fact, we’ve already seen this movie. During the Reagan years, the Iran-contra conspirators violated the Constitution in the name of national security. But the first President Bush pardoned the major malefactors, and when the White House finally changed hands the political and media establishment gave Bill Clinton the same advice it’s giving Mr. Obama: let sleeping scandals lie. Sure enough, the second Bush administration picked up right where the Iran-contra conspirators left off — which isn’t too surprising when you bear in mind that Mr. Bush actually hired some of those conspirators.
Now, it’s true that a serious investigation of Bush-era abuses would make Washington an uncomfortable place, both for those who abused power and those who acted as their enablers or apologists. And these people have a lot of friends. But the price of protecting their comfort would be high: If we whitewash the abuses of the past eight years, we’ll guarantee that they will happen again.
Meanwhile, about Mr. Obama: while it’s probably in his short-term political interests to forgive and forget, next week he’s going to swear to “preserve, protect, and defend the Constitution of the United States.” That’s not a conditional oath to be honored only when it’s convenient.
And to protect and defend the Constitution, a president must do more than obey the Constitution himself; he must hold those who violate the Constitution accountable. So Mr. Obama should reconsider his apparent decision to let the previous administration get away with crime. Consequences aside, that’s not a decision he has the right to make
>>Meanwhile, about Mr. Obama: while it’s probably in his short-term political interests to forgive and forget, next week he’s going to swear to “preserve, protect, and defend the Constitution of the United States.”
>>Meanwhile, about Mr. Obama: while it’s probably in his short-term political interests to forgive and forget, next week he’s going to swear to “preserve, protect, and defend the Constitution of the United States.”
PROTECT AND DEFEND? Oh, I think SO. Does anyone remember the whispers after 9/11–“Shhhh. I’m sooo glad Al Gore isn’t President.” Sound familiar?
Sometimes the choices are hard. Thank God, Bush was there to protect and defend us.
nah, I dont remember the whispers. Guess it depends who you pal around with. Haliburton anyone??
If Gore were in office we never would have wasted our time in Iraq, we could have put people to work here is the US building a wall across the wide open Mexican border where to this day a terrorist could walk right in.
Must be your selective memory. Even people who voted for Gore were saying it. Hmmmm…. maybe if Obama weren’t so busy giving interviews to people who would like to see us dead, he’d have time work on that wall. Don’t hold your breath.
Hey Brook, if you really think that Bush saved us from 911, think about this….
Did you know, that Mexico is wide open to middle eastern terrorists? Did you know that the USA is wide open to Mexico?
Did you know that no terrorist has ever come to the US through the open Mexican border even though thousands of illegal imigrants with the same coulor skin pass through undetected each year to help with our food supply? No rogue terrorist from Iraq or Iran, no suicide bombers, no nothing.
George Bush didnt stop them either. The border is wide open, they could come in and blow them selves up in Walmart tomorrow if they wanted.
But they just dont ever even try it. They are sucide bombers, and if they have sleeper cells and are truely highly organized then what do they fear? They could slip in easily!
If you were a suicide bomber, would you go to Iraq to fight the strongest most technologically advanced army in the world?
Or would you slip into the US through Mexico and blow your self up in line at Walmart the day after Thanksgiving with 1,000 other people?
Which would have a larger effect?
Hmmm…….
So thats why Im not afraid. And thats why I dont think Bush did anything to help me.
And the rest of the World agrees with me.
Through out the whole world of 6.7 billion people, only a select 50 million or so affluent white people or religious zealots support the policies of Bush/McCain/Pal
After reading over two dozens books about Islamofascists and their belief system, I can tell you that your logic falls apart. Using sane logic to explain the acts of an insane fanatic will always come up short. In this country, we believe that nothing is bigger than ourselves. My God, we’re so arrogant, we think the we’re actually impacting global weather conditions–the universe, even. Some people believe their existence serves a higher purpose–for good or evil is always up for debate. They blow themselves up with great joy and THAT is why dispicable(?) things like wiretaps must be allowed to intervene before they GET to the point of crossing the border and blowing themselves to smithereens at Wal-Mart. You keep believing they’re a bunch of rag-tag idiots. That’s just the way they like it.
My apologies, He. I always get sucked in. I should know better than to argue with a parakeet, huh? Thanks for bringing us back to planet Earth. Have a great day!
LOCK ‘EM UP! A 200K FINE? COMEON . . .
4 years for a $500 million dollar scam?
I bet if homeless guy living on the street by my house stole $100 from a convenience store he would get 15 years. For such a large theft 4 years seems miniscule. We put people in jail for 30 year federal mandatory minimums for possession, and this guy gets 4 for stealing more than 10,000 times more than the average person makes in a year? What a joke.
Isn’t that the stinkin’ truth??!!
This is the George Bush rules on how to screw the working people and get away with it.
me 2, This ruling came down with our new president. Looks like Obama is follow W’s lead.
Also, remember that none of the people being tried in this case personally realized a financial gain as would the homeless person in matt’s comment.
Hank is lucky he is still out there writting letters to AIG from his posh living and not sitting in jail……..AIG falures starts and ends with good ole boy HANK!
Hank knew all along about this and there “CREDIT SWAPS” business also.
Anyone who knows how AIG worked knows that Greenberg knew everything that went down there.
It would appear that Greenberg hired him with a great salary and large enough bonus to take of this fine.
Also he in fact never took a dime. The value of the 500 mill is the loss in value of the total outstanding stock.
So the former AIG employees are giving up 2 years of their life to help keep ol Hank out of the hot seat. I would like to know how much they got paid for those 2 years.
Hank knew about it, you can bet. What in the heck does the George Bush have to do with it or Obama for that matter?
Thanks for clearing that Up for Broker X.
I guess I didn’t realize that BREAKING THE LAW with financial gain is worse than BREAKING THE LAW without financial gain.
‘Must be an awful lot of people in jail who shouldn’t be , eh?
C’mon, of course Greenberg knew — why hasn’t he been charged?
# # #
According to prosecutors, Milton’s former boss when he was CEO at CEO, Maurice “Hank” Greenberg, who resigned from AIG in 2005, has denied knowledge of any improper transaction and wasn’t charged with a crime.
After they left AIG in March, 2005, Greenberg hired Milton to work at his current firm, C.V. Starr & Co., an insurance and investment company.
Hank knew, Warren knew. They all paid somebody to stay out of jail. They’re either smart businessmen who know what’s going on in their company or they aren’t. With the size of those deals,they knew. Code of the West: If you lie,cheat and steal, you go down……unless you pay somebody.
was appointed by clinton.
how is any of this W’s fault?
W is just a jerk. Blame him for everything, it will fly
I’m so glad you guys have dissed Bush for the last 8 years. It gives me license to trash the new guy as he repeatedly sells our country out. Oh, goodie!
You don’t need a license to bash the new president; it is an American right — and one that was fully utilized when Bush was in office.
Bush deserved everything he got – One of the worst most corrupt presidents in our nations history – Throw him in jail.
Oh, Nik. Do tell us of the horrible corruption of the Bush administration. Details would be appreciated. Shouting “Halliburton” doesn’t count. 1, 2, 3……. GO!
Is it just me or do the rest of you see a troubling inconsistency in criminal sentencing in general? We see people who do great bodily harm getting less time than this AIG executive. Now, I’m as attached to my fancy German car as the next person but I’m still old fashioned enough to believe that human life is much more valuable than money.
President-elect Barack Obama was asked whether he would seek an investigation of possible crimes by the Bush administration. “I don’t believe that anybody is above the law,” he responded, but “we need to look forward as opposed to looking backwards.”
I’m sorry, but if we don’t have an inquest into what happened during the Bush years — and nearly everyone has taken Mr. Obama’s remarks to mean that we won’t — this means that those who hold power are indeed above the law because they don’t face any consequences if they abuse their power.
Let’s be clear what we’re talking about here. It’s not just torture and illegal wiretapping, whose perpetrators claim, however implausibly, that they were patriots acting to defend the nation’s security. The fact is that the Bush administration’s abuses extended from environmental policy to voting rights. And most of the abuses involved using the power of government to reward political friends and punish political enemies.
At the Justice Department, for example, political appointees illegally reserved nonpolitical positions for “right-thinking Americans” — their term, not mine — and there’s strong evidence that officials used their positions both to undermine the protection of minority voting rights and to persecute Democratic politicians.
The hiring process at Justice echoed the hiring process during the occupation of Iraq — an occupation whose success was supposedly essential to national security — in which applicants were judged by their politics, their personal loyalty to President Bush and, according to some reports, by their views on Roe v. Wade, rather than by their ability to do the job.
Speaking of Iraq, let’s also not forget that country’s failed reconstruction: the Bush administration handed billions of dollars in no-bid contracts to politically connected companies, companies that then failed to deliver. And why should they have bothered to do their jobs? Any government official who tried to enforce accountability on, say, Halliburton quickly found his or her career derailed.
There’s much, much more. By my count, at least six important government agencies experienced major scandals over the past eight years — in most cases, scandals that were never properly investigated. And then there was the biggest scandal of all: Does anyone seriously doubt that the Bush administration deliberately misled the nation into invading Iraq?
Why, then, shouldn’t we have an official inquiry into abuses during the Bush years?
One answer you hear is that pursuing the truth would be divisive, that it would exacerbate partisanship. But if partisanship is so terrible, shouldn’t there be some penalty for the Bush administration’s politicization of every aspect of government?
Alternatively, we’re told that we don’t have to dwell on past abuses, because we won’t repeat them. But no important figure in the Bush administration, or among that administration’s political allies, has expressed remorse for breaking the law. What makes anyone think that they or their political heirs won’t do it all over again, given the chance?
In fact, we’ve already seen this movie. During the Reagan years, the Iran-contra conspirators violated the Constitution in the name of national security. But the first President Bush pardoned the major malefactors, and when the White House finally changed hands the political and media establishment gave Bill Clinton the same advice it’s giving Mr. Obama: let sleeping scandals lie. Sure enough, the second Bush administration picked up right where the Iran-contra conspirators left off — which isn’t too surprising when you bear in mind that Mr. Bush actually hired some of those conspirators.
Now, it’s true that a serious investigation of Bush-era abuses would make Washington an uncomfortable place, both for those who abused power and those who acted as their enablers or apologists. And these people have a lot of friends. But the price of protecting their comfort would be high: If we whitewash the abuses of the past eight years, we’ll guarantee that they will happen again.
Meanwhile, about Mr. Obama: while it’s probably in his short-term political interests to forgive and forget, next week he’s going to swear to “preserve, protect, and defend the Constitution of the United States.” That’s not a conditional oath to be honored only when it’s convenient.
And to protect and defend the Constitution, a president must do more than obey the Constitution himself; he must hold those who violate the Constitution accountable. So Mr. Obama should reconsider his apparent decision to let the previous administration get away with crime. Consequences aside, that’s not a decision he has the right to make
>>Meanwhile, about Mr. Obama: while it’s probably in his short-term political interests to forgive and forget, next week he’s going to swear to “preserve, protect, and defend the Constitution of the United States.”
>>Meanwhile, about Mr. Obama: while it’s probably in his short-term political interests to forgive and forget, next week he’s going to swear to “preserve, protect, and defend the Constitution of the United States.”
Meanwhile, back on his ranch, did he or did he not swear to the same oath? Can you honestly say that he did what he swore to do, can you? I think not.
Now, off with you and your soap box… shoo shooooo…………..
When I have important positions to fill, I go right to my list of wrong-thinking Americans.
PROTECT AND DEFEND? Oh, I think SO. Does anyone remember the whispers after 9/11–“Shhhh. I’m sooo glad Al Gore isn’t President.” Sound familiar?
Sometimes the choices are hard. Thank God, Bush was there to protect and defend us.
nah, I dont remember the whispers. Guess it depends who you pal around with. Haliburton anyone??
If Gore were in office we never would have wasted our time in Iraq, we could have put people to work here is the US building a wall across the wide open Mexican border where to this day a terrorist could walk right in.
Must be your selective memory. Even people who voted for Gore were saying it. Hmmmm…. maybe if Obama weren’t so busy giving interviews to people who would like to see us dead, he’d have time work on that wall. Don’t hold your breath.
Hey Brook, if you really think that Bush saved us from 911, think about this….
Did you know, that Mexico is wide open to middle eastern terrorists? Did you know that the USA is wide open to Mexico?
Did you know that no terrorist has ever come to the US through the open Mexican border even though thousands of illegal imigrants with the same coulor skin pass through undetected each year to help with our food supply? No rogue terrorist from Iraq or Iran, no suicide bombers, no nothing.
George Bush didnt stop them either. The border is wide open, they could come in and blow them selves up in Walmart tomorrow if they wanted.
But they just dont ever even try it. They are sucide bombers, and if they have sleeper cells and are truely highly organized then what do they fear? They could slip in easily!
If you were a suicide bomber, would you go to Iraq to fight the strongest most technologically advanced army in the world?
Or would you slip into the US through Mexico and blow your self up in line at Walmart the day after Thanksgiving with 1,000 other people?
Which would have a larger effect?
Hmmm…….
So thats why Im not afraid. And thats why I dont think Bush did anything to help me.
And the rest of the World agrees with me.
Through out the whole world of 6.7 billion people, only a select 50 million or so affluent white people or religious zealots support the policies of Bush/McCain/Pal
After reading over two dozens books about Islamofascists and their belief system, I can tell you that your logic falls apart. Using sane logic to explain the acts of an insane fanatic will always come up short. In this country, we believe that nothing is bigger than ourselves. My God, we’re so arrogant, we think the we’re actually impacting global weather conditions–the universe, even. Some people believe their existence serves a higher purpose–for good or evil is always up for debate. They blow themselves up with great joy and THAT is why dispicable(?) things like wiretaps must be allowed to intervene before they GET to the point of crossing the border and blowing themselves to smithereens at Wal-Mart. You keep believing they’re a bunch of rag-tag idiots. That’s just the way they like it.
OK Brook, so you think they are being smart by fighting our army instead of coming over here and hitting us where it hurts?
Like I said, im not afraid of them if they havnt hit us yet.
And Like I said, the fact that there have been no suicide bombings in the US is THEIR CHOICE – They have the means, they just CHOOSE NOT TO.
George Bush has not stopped them. Wiretaps have not stopped them.
They can get into Mexico easily, then from Mexico to the US is just another easy jump.
No George Bush and no Wire Taps to stop them.
Its their CHOICE…..
Scary, but true.
So sorry, old Georgy Boy hasn’t done crap for me except needlessly kill people and waste money.
What happened to insurance? Can’t you all find some political web site to share your view on let us keep to the insurance subject here?
My apologies, He. I always get sucked in. I should know better than to argue with a parakeet, huh? Thanks for bringing us back to planet Earth. Have a great day!
Thats funny, when Brooks around, most people get sucked off, not sucked in.
Don’t you have some files to put away somewhere?
yes i do! thanks for the reminder Brook:)
Matt, are you at it again? – lol