for them…all that struggle and…No, just kidding, not really. They got very lucky that the government bailed their a$$e$ out. They should, because of their poor decisions in the “finpro” arena gone totally out of business (causing an even more cataclysmic chain of events for mortgages and housing of course). They go MORE than they deserved in
More and more it seems like Goldman suckered AIG into a bad deal… wasn’t Goldman by a huge margin the primary beneficiary of the AIG bailout — in other words, wasn’t the Fed support to AIG used to repay AIG’s obligations to Goldman at 100 cents on the dollar? And didn’t Goldman also receive its own bailout?
Time is showing Taibbi’s “vampire squid” analogy to be quite accurate.
Matt you are 100% correct. Don’t expect anyone at goldman sucks to be held accountable too b/c the company basically owns the current administration. Practically all of Obamas advisors are ex GS scum/tax cheats.
If i didn’t know any better I’d swear that company really controls this country/our government.
But not everyone is happy with the outcome. Maurice “Hank” Greenberg, the former CEO who built the AIG empire during a 38-year reign and then suffered huge losses in the bailout, told Reuters it was “outrageous” for the Treasury to make a big profit on the rescue. “Is that the job of the government, to see how they can claw as much money out of the private sector?” Greenberg said.
It may not be the job of the government to “claw as much money out of the privates sector” but it’s also not the governments job to bail out private industry. As a taxpayer I like the idea the government will/should make $ on the bailout. Now if I just knew where the profit is going.
i’ve never heard “go F yourself” written quite so elegantly:
“Somebody came by, grabbed the umbrella and broke it,” said AIG Chief Executive Robert Benmosche, who added that the attacker told the employee to engage in a sexual act impossible to perform on oneself.
You got that right bro. Goldman was THE beneficiary of this deal. It helps to have former Goldman hanchos in key positions in the treasure dept. and Bush administration at the time this deal was thought up.
I find it hard to feel sorry for Hank Greenberg. He is a very lucky guy not to get caught up in the Gen Re “pad the balance sheet” fiasco. How does the leader of AIG not know that was happening?? Losing a lot of money in the bailout did not make him poor either. Who cares about Teflon Hank?
Do people outside finance/insurance think that the government owning 90% is a good thing? We’ve seen what the govt does with its money. let me know how that stock sale goes. if successful, i’ll start buying GM cars. Chartis combined ratios continue to rise for chartis/etc yet benmosche is a hero…
for them…all that struggle and…No, just kidding, not really. They got very lucky that the government bailed their a$$e$ out. They should, because of their poor decisions in the “finpro” arena gone totally out of business (causing an even more cataclysmic chain of events for mortgages and housing of course). They go MORE than they deserved in
More and more it seems like Goldman suckered AIG into a bad deal… wasn’t Goldman by a huge margin the primary beneficiary of the AIG bailout — in other words, wasn’t the Fed support to AIG used to repay AIG’s obligations to Goldman at 100 cents on the dollar? And didn’t Goldman also receive its own bailout?
Time is showing Taibbi’s “vampire squid” analogy to be quite accurate.
Matt you are 100% correct. Don’t expect anyone at goldman sucks to be held accountable too b/c the company basically owns the current administration. Practically all of Obamas advisors are ex GS scum/tax cheats.
If i didn’t know any better I’d swear that company really controls this country/our government.
But not everyone is happy with the outcome. Maurice “Hank” Greenberg, the former CEO who built the AIG empire during a 38-year reign and then suffered huge losses in the bailout, told Reuters it was “outrageous” for the Treasury to make a big profit on the rescue. “Is that the job of the government, to see how they can claw as much money out of the private sector?” Greenberg said.
It may not be the job of the government to “claw as much money out of the privates sector” but it’s also not the governments job to bail out private industry. As a taxpayer I like the idea the government will/should make $ on the bailout. Now if I just knew where the profit is going.
i’ve never heard “go F yourself” written quite so elegantly:
“Somebody came by, grabbed the umbrella and broke it,” said AIG Chief Executive Robert Benmosche, who added that the attacker told the employee to engage in a sexual act impossible to perform on oneself.
maybe it wasn’t go F yourself…maybe it was B*** me. Either would fit.
You got that right bro. Goldman was THE beneficiary of this deal. It helps to have former Goldman hanchos in key positions in the treasure dept. and Bush administration at the time this deal was thought up.
I find it hard to feel sorry for Hank Greenberg. He is a very lucky guy not to get caught up in the Gen Re “pad the balance sheet” fiasco. How does the leader of AIG not know that was happening?? Losing a lot of money in the bailout did not make him poor either. Who cares about Teflon Hank?
Do people outside finance/insurance think that the government owning 90% is a good thing? We’ve seen what the govt does with its money. let me know how that stock sale goes. if successful, i’ll start buying GM cars. Chartis combined ratios continue to rise for chartis/etc yet benmosche is a hero…