AIG’s Liddy Says Taxpayers Will Be Repaid

March 18, 2009

  • March 18, 2009 at 7:48 am
    Bill says:
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    Do anyone realize that Mr. Liddy was hired late last year after the bailout of AIG. He was hired by the Treasury to take over the leadership of the company.(After it was on Fire) He has a salary of $1. and will be paid based on the performance of the company. The bonuses are legally binding contracts and Chris Dodd and or Tax cheat Tim Guietner put in the February 12th date in the stimulus that made Mr Liddy have to grant the bonuses to AIG employees. I think that Congress should have read the 1200 page stimulus that was suppose to be posted for 48 hours before they voted on it. Oh I forgot we had to fly a senator home from the funeral of his mother to vote that night, then the president waited 4 days to sign it. This president looks like a rookie and congress is out of control with our checkbook. If your upset look in your area for a tax revolt tea party on the 15th of April.

  • March 18, 2009 at 8:26 am
    Liddy Liquidator says:
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    This is the individual who stripped SEARS of its catalog. Fired 15,000 Allstate agents and rehired them back on a Monday to save money. Still in ongoing lawsuits with agents. Stole agents pension money and now runs AIG the biggest hole in the ground for $1.

    Time to jail this turd and rid corporate greed of this filth

  • March 18, 2009 at 8:59 am
    BULL$HIT says:
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    If anyone is stupid enough to believe a word that crook says…..and you also happened to be looking for investment opportunities, I know a guy named Bernie who can guarantee 40% returns.

    Wake up Liddy. Nobody believes the $hit you’re shoveling. Just pack up and resign already.

    If there’s one thing americans hate more than taxes, its having some hack lie to them about where their tax dollars are going or when they’ll be repaid.

  • March 18, 2009 at 11:17 am
    V says:
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    Might as well march into AIG’s offices, and ask the receptionist who you can speak to about getting your share of the bailout back. You’ll have a better shot at that than having AIG pay back the government.

    We ain’t gonna see a dime back. Nothing like jumping into something you don’t understand. All of ’em, from Bush to Obama to Paulson to Frank to Madoff to Greenberg, crooks and thieves all.

  • March 18, 2009 at 11:26 am
    Bigwave says:
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    Whoever posted this comment, I hope you levy the same strong language towards your congressional representatives! Yeah, the ones that are spending your tax money at a MUCH faster pace than any of the companies that have received “bailout” money, which is a stupid term anyway. It’s not a bailout, it’s a loan, to be paid back WITH INTEREST. The gov’t takes enormous amounts of money from you and spends millions, even billions of our money on their stupid pet projects like endangered field mice and other crap. So instead of joining the screaming masses of media fed idiots yelling at AIG, why don’t you call your gov’t representatives and ask what they’re spending your money on every day!

  • March 18, 2009 at 12:37 pm
    Ralph says:
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    I’m just curious, Bigwave, what if AIG DOESN’T repay said “loan”? What if we keep “lending” them money and they still go under? What happens to all the money we “lent” them?

  • March 18, 2009 at 12:39 pm
    Brokette says:
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    I don’t know about “HA”, but I can tell you that when Grassley suggested the AIG execs “do the honorable thing and resign or commit suicide”, my reply was, “Mr. Grassley, you first!”
    Congress wouldn’t know the “honorable thing” if it bit them in the a…….

  • March 18, 2009 at 12:40 pm
    Ronald J. Jones says:
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    If AIG posted the largest profits in history for 25 consecutive years they would not be able to pay back the money with interest.

    This is simple math and we have the Fed appointed CEO telling us not to worry we will get our money back.

    Surely there is someone else to run this fiasco

    Ron Jones,CEO
    TRIMCO
    Dallas, Texas

  • March 18, 2009 at 12:43 pm
    NO MORE says:
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    Bigwave,

    Where’s the plan? When can we expect to see the first payment? How much will that payment be for? How long a period will the payments be made over?

    See, a loan has terms and is for a certain amount of money. A loan is not subject to constant negotiation and increase in favor of the borrower…

    As for whether or not AIGFP and AIG Insurance can be linked together, you bet they can be. If AIG insurance is so flush, why don’t they help out AIGFP instead of the US government?

    The fact of the matter is without the US government the whole company isn’t worth the paper they’re selling!

    The goverment was wrong to get involved in this mess, but even more wrong is for people to defend the “honor” of AIG…

  • March 18, 2009 at 12:45 pm
    Joe Mama says:
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    “it’s not a bailout, it’s a loan…” gimme a break, Bigwave!

    You can call a turd an easy chair but I still wouldn’t want to sit on one!

  • March 18, 2009 at 2:10 am
    Peon Agent says:
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    BINGO again!

    First of all, what a stupid thing to say that somebody should commit suicide!!!

    I too was particularly sickened when the words honorable came from such a dishonorable mouth that’s connected to an increasingly incestuous bastion of a reportably important brach of our Republic.

    Yaaaak!

  • March 18, 2009 at 2:11 am
    Fed Up says:
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    Liddy keeps talking about “retention contracts” in defense of the bonuses paid to some AIG employees. SHUT UP! I doubt seriously that these “contracts” would have been worth a hill of beans if the US has let AIG go under. Just because you have been given a reprieve (yes, Verginia…there is a Santa Claus) doesn’t mean the bail out money should be used to reward incompetency! These “employees” should be fired; we have planty of honest, capable, jobless people out here who would love to replace them!

  • March 18, 2009 at 3:07 am
    wudchuck says:
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    ok, first of all, let me get something straight… has anyone truly read the following words: “which made bad bets on toxic mortgages and credit default swaps”.

    BAD bets?! look at this like las vegas, if i make a bad bet i lose! so why are we funneling in $$ for a bet? vegas won’t give you any money back for a bad bet, that is not business like…

    back to bonuses and the so-called legislation that congress plans to roll… first of all, it’s going to be an invalid legislation, i can see aclu jumping all over this because that is going to be double taxation on bonuses where the normal individual is getting a bonus and pays taxes on… question is our money being used to fill up the coffers of the company’s money from the bonus money they should have on hand to pay folks… if so, then this should never be given to them… these folks have a right to the money of bonuses if in the contracts, you can’t break that nor tie any legislation to it because technically, the us government was not a shareholder at the time of these contracts. we can control the future contracts because we are the majority shareholder.

    the company might have been smart to place all these bonuses on hold or had the annual sharehold meeting place them on hold because they did not have the funds in place to keep operating. if they can’t operate, then surely they can’t get a bonus. this surely w/o the feds stepping in w/the taxpayer money.

  • March 18, 2009 at 3:44 am
    Wishful Thinking says:
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    I WANT MINE NOW!

  • March 18, 2009 at 6:23 am
    Maxine says:
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    In your dreams! The “kettle” is rotten to core, they are “pimps” that continue to lie to us but…sadly we seem to come back for more of the CRAP!! You can’t blame one person only ie..President, need to go way back if you want to lay some blame on these Politicans, dump Pelosi and her Milk Toast buddy Reed, they are worthless and self serving, they all disgust me and there are no words to describe it, well ones that I’d repeat! Bonuses, mediocrity
    is handsomely rewarded + Congress voting in a COLA raise for their pockets, give me a freaking break –



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