I find it ironic that anyone in Washington would have the gall to express concerns re: Liddy and a Conflict of Interest. Politicians are guilty of conflicts of interest all the time. Dodd’s AIG connections consituted a conflict of interest when voting on the bailout for AIG. Any politician who receives campaign contributions from any business can be held to have a conflict of interest when proposing and/or voting on regulations that affect those who contributed. Barney Frank got quite a large sum of money from Fannie Mae and Freddie Mac so anything he does related to those ‘banks’ is a conflict of interest. They’re ‘concern’ is a bit like the pot calling the kettle black. It’s a bit ludicrous to have all these polciticans ‘outraged’ at the graft, greed and corruption’ in corporate America. As the Govt goes so does corporate America – they (Corp America)learned from the best (our esteemed politicans).
how many of these so-called congressman have a stock in any company? how many of them have gotten a bailout? since AIG is taxpayer owned, how many congressman actually representing the taxpayer w/o a conflict of interest? technically, as a taxpayer, we have congress holding our proxy rights… will they bring things to the shareholder for us to vote? no, they will deam what is necessary. interesting how that is working… technically, i am a shareholder of AIG, so i should be voting on any resolution on what is going on w/the company… it appears that congress has that vote but not me?! why?! um..um…
so congress, find yourself a hole in the sand and stick your head in it. you think you have solved a company problem, when in fact you still not have resolved our own countries defecit. um…um…
Hey, why don’t we take up the congressman’s cry and call for the resignation of all of our congressmen and women who have stock in comapanies and conflicts of interest.
Ed Liddy is also responsible for the firing of 6500 Allstar agents by changing the agent’s contracts from employees to “independent contractors”.The choice was to either switch to independent or resign! He is also responsible for the demantling of the Sears catalogs. Are you people blind?
I wondered how long it would take before someone brought up the Allstate change of contract deal…. whenever Liddy is mentioned some bitter Allstate agent rears their head. No offense ex Allstar? agent but that was the best deal Allstate ever made its agents. You recvd your pension, got financial stake in your agency which made you a self made entrepreneur overnight and then could buy or sell your own business! The only agents that didnt make out in the deal were the agents that were not writing any business and those were the ones Allstate wanted to be rid of in the first place. You have to understand that was a wise business decision on their part.
Sam, I am not bitter,I sold my agency at a geat price and my pensions and my dignity are just fine. Unfortunately a lot of other people could not do the same.If Honor and principles do not mean anything any longer than Mr Ed Liddy is a great man.
Can you say “disingenuous”? I knew you could :-) I agree; this is laughable at best. But is sure is a good example of how things got so bad in Washington where everyone is in on the gag, and then when the truth comes out, they are just like Louie in “Casablanca”…”shocked, shocked to find out that there is …..going on here!” LOL! have a pleasant weekend folks.
This is simply more of the government trying to point the finger at private enterprise, to deflect from the fact that GOVERNMENT SCREWED UP. Hank Paulson, Treasury Head, wanted billions givne to Goldman Sachs………For god sake, he used to work there!!!!!!!!!
Will ANY OF THESE POLITICIANS ever take responsibility???????
God forbid, ANY of these politicians, gets to run one of these companies!
There are entirely too many mistakes and conflicts of interest going on. Take AIG for instance. The company was about to go bankrupt and the government owed nothing in bonuses or to counterparties. So we opened up the treasury to AIG. Now we paid out taxpayer’s money for bonuses to those who took the company down by over investing in derivitives guaranteeing sub prime mortgages. Who in heavens name would believe that there wouldn’t be defaults and forclosures in sub standard mortgages? And now we not only paid these same persons bonuses but we put them in charge of paying the counterparties. And I understand they are doing it without any government supervision or attempt at negotiation. I could go on but so could many other readers. Cut off the pipeline to the U.S. Treasury before it’s too late.
I find it ironic that anyone in Washington would have the gall to express concerns re: Liddy and a Conflict of Interest. Politicians are guilty of conflicts of interest all the time. Dodd’s AIG connections consituted a conflict of interest when voting on the bailout for AIG. Any politician who receives campaign contributions from any business can be held to have a conflict of interest when proposing and/or voting on regulations that affect those who contributed. Barney Frank got quite a large sum of money from Fannie Mae and Freddie Mac so anything he does related to those ‘banks’ is a conflict of interest. They’re ‘concern’ is a bit like the pot calling the kettle black. It’s a bit ludicrous to have all these polciticans ‘outraged’ at the graft, greed and corruption’ in corporate America. As the Govt goes so does corporate America – they (Corp America)learned from the best (our esteemed politicans).
well, let’s extend that even farther….
how many of these so-called congressman have a stock in any company? how many of them have gotten a bailout? since AIG is taxpayer owned, how many congressman actually representing the taxpayer w/o a conflict of interest? technically, as a taxpayer, we have congress holding our proxy rights… will they bring things to the shareholder for us to vote? no, they will deam what is necessary. interesting how that is working… technically, i am a shareholder of AIG, so i should be voting on any resolution on what is going on w/the company… it appears that congress has that vote but not me?! why?! um..um…
so congress, find yourself a hole in the sand and stick your head in it. you think you have solved a company problem, when in fact you still not have resolved our own countries defecit. um…um…
where do you stand america, the taxpayer?
Hey, why don’t we take up the congressman’s cry and call for the resignation of all of our congressmen and women who have stock in comapanies and conflicts of interest.
I think Mr Liddy should just tell them all to stuff it!
He should resign from AIG and let the Chosen One take care of it.
These are the same people that put Liddy in charge of AIG to sort out this mess.
Ed Liddy is also responsible for the firing of 6500 Allstar agents by changing the agent’s contracts from employees to “independent contractors”.The choice was to either switch to independent or resign! He is also responsible for the demantling of the Sears catalogs. Are you people blind?
I wondered how long it would take before someone brought up the Allstate change of contract deal…. whenever Liddy is mentioned some bitter Allstate agent rears their head. No offense ex Allstar? agent but that was the best deal Allstate ever made its agents. You recvd your pension, got financial stake in your agency which made you a self made entrepreneur overnight and then could buy or sell your own business! The only agents that didnt make out in the deal were the agents that were not writing any business and those were the ones Allstate wanted to be rid of in the first place. You have to understand that was a wise business decision on their part.
Sam, I am not bitter,I sold my agency at a geat price and my pensions and my dignity are just fine. Unfortunately a lot of other people could not do the same.If Honor and principles do not mean anything any longer than Mr Ed Liddy is a great man.
Can you say “disingenuous”? I knew you could :-) I agree; this is laughable at best. But is sure is a good example of how things got so bad in Washington where everyone is in on the gag, and then when the truth comes out, they are just like Louie in “Casablanca”…”shocked, shocked to find out that there is …..going on here!” LOL! have a pleasant weekend folks.
This is simply more of the government trying to point the finger at private enterprise, to deflect from the fact that GOVERNMENT SCREWED UP. Hank Paulson, Treasury Head, wanted billions givne to Goldman Sachs………For god sake, he used to work there!!!!!!!!!
Will ANY OF THESE POLITICIANS ever take responsibility???????
God forbid, ANY of these politicians, gets to run one of these companies!
Those who can’t work in private enterprise become politicians.
There are entirely too many mistakes and conflicts of interest going on. Take AIG for instance. The company was about to go bankrupt and the government owed nothing in bonuses or to counterparties. So we opened up the treasury to AIG. Now we paid out taxpayer’s money for bonuses to those who took the company down by over investing in derivitives guaranteeing sub prime mortgages. Who in heavens name would believe that there wouldn’t be defaults and forclosures in sub standard mortgages? And now we not only paid these same persons bonuses but we put them in charge of paying the counterparties. And I understand they are doing it without any government supervision or attempt at negotiation. I could go on but so could many other readers. Cut off the pipeline to the U.S. Treasury before it’s too late.
Would be interesting to see if AIG is still giving out campaign contributions….