Holy bullcrap, Robin! This just goes to show how regulators “regulated” the market; they couldn’t take a chance in identifying who did what because if they did, we would be able to find out where the money went, and look into the “deals” that made millions for some, and by sweetening the “deals”, allowed those who should have taken a bath, to make a profit anyway….this makes i very difficult to investigate these deals and inhibits, but not entirely forestall, prosecution. Let’s face it folks, when a guy sells mortgage backed securities to a quasi-public entity, takes his commission and can’t be found when the securities are found to be worthless, wouldn’t it be nice if the school board, the pension fund and others could get their money back by a bailout too? and send those bastards to jail for selling the damn snake oil in the first place. I have this to say: “buyer beware, be damned!” this was just plain criminal and AIG knew it, and so did all the players involved.
HOWEVER, CONGRESS AND THE OTHER BRANCHES OF GOVERNMENT POCKETED MILLIONS TO PROTECT THEIR CRONIES!
WE HAVE THE MEANS TO VOTE THEM OUT THIS YEAR AND IN 3 MORE YEARS!!!!
OR, IF THEY ARE WORRIED ABOUT RE-ELECTION, THEY SHOULD LISTEN TO WHAT’S HAPPENING IN THE REAL WORLD! WE, THE PEOPLE, ARE TIRED OF PAYING OUT $$$$ SO THE CROOKS CAN MAKE MILLIONS!!!!!!
Which company made the following political contributions in 2008?
Total $5,942,076
To Dems $4,459,238
To Reps $1,472,498
PS they were mentioned in the article above.
PPS Mr. Paulson and Mr. Corzine are former executives at this firm.
The fish starts rotting at the head.
Look at the $$$ and follow the money. No wonder the recent “reforms” never got close to making it illegal for commercial banks to mess around with financial products.
You can point to AIG/FP, but you can thank Sandy Weill & the other Connecticut blue-bloods.
Holy bullcrap, Robin! This just goes to show how regulators “regulated” the market; they couldn’t take a chance in identifying who did what because if they did, we would be able to find out where the money went, and look into the “deals” that made millions for some, and by sweetening the “deals”, allowed those who should have taken a bath, to make a profit anyway….this makes i very difficult to investigate these deals and inhibits, but not entirely forestall, prosecution. Let’s face it folks, when a guy sells mortgage backed securities to a quasi-public entity, takes his commission and can’t be found when the securities are found to be worthless, wouldn’t it be nice if the school board, the pension fund and others could get their money back by a bailout too? and send those bastards to jail for selling the damn snake oil in the first place. I have this to say: “buyer beware, be damned!” this was just plain criminal and AIG knew it, and so did all the players involved.
To 7 years past Nov. 25, 2018.
And the fed want National Regulation of all Ins
guess they want see what else they can screw up on thier watch
RIGHT ON BATMAN!!!!!
HOWEVER, CONGRESS AND THE OTHER BRANCHES OF GOVERNMENT POCKETED MILLIONS TO PROTECT THEIR CRONIES!
WE HAVE THE MEANS TO VOTE THEM OUT THIS YEAR AND IN 3 MORE YEARS!!!!
OR, IF THEY ARE WORRIED ABOUT RE-ELECTION, THEY SHOULD LISTEN TO WHAT’S HAPPENING IN THE REAL WORLD! WE, THE PEOPLE, ARE TIRED OF PAYING OUT $$$$ SO THE CROOKS CAN MAKE MILLIONS!!!!!!
Federal recievership then, forced liquidation. That sounds reasonable to me.
Which company made the following political contributions in 2008?
Total $5,942,076
To Dems $4,459,238
To Reps $1,472,498
PS they were mentioned in the article above.
PPS Mr. Paulson and Mr. Corzine are former executives at this firm.
The fish starts rotting at the head.
Look at the $$$ and follow the money. No wonder the recent “reforms” never got close to making it illegal for commercial banks to mess around with financial products.
You can point to AIG/FP, but you can thank Sandy Weill & the other Connecticut blue-bloods.
nomesaneman?