AIG last December agreed to pay $146.5 million in fines, taxes and assessments in a settlement with all 50 U.S. states over alleged workers compensation reporting errors. plus $450 million settlement… so, why are we still allowing this company to stand?! they already owe the taxpayer money, but now, they owe more money to other folks because of their wrongdoing?! when are we going to finally say enough is enough… let the u.s. gov’t get it’s money first before the rest of the world gets anymore from them…
Wudchuck-The truth about AIG is that they have no money!
AIG is nearly 80% owned by the taxpayers, so when these fines are paid to the States, who really is paying for it? We are!
AIG stock is on its way to zero again with the taxpayers again on the hook.
and that’s the problem… no money and yet, us taxpayers are paying their salaries! i wish uncle sam could pay mine?! i don’t think the gov’t will get any money back at this rate!
that may be so, but this will put another kink into the grinder of money… remember they back money to other banks and debt to other folks, but still owe more to the us gov’t… now they owe even more… that is lot of change that has to move… i’d be curious as to why starr has not bee brought back because these comp claims are older than the gov’t bailout! afterall, he was the ceo at the time of those comp claims right?
December 29, 2011 at 8:20 am
Former Status Quo says:
Like or Dislike:
0
0
actually, AIG currently does not owe the government anything. The treasury has collateralized everything and could sell it whenever they want. The problem is the morons at the treasury collateralized everything when prices were sky high and now the asset values are too low so if they were to sell something, they’d lose their shirts.
Dear Status-You claim that the Treasury are morons. What makes you say that? I think it is clear that AIG was bailed out to rescue
Goldman Sachs & even foreign banks, so that is why Treasury paid top dollar. The asset values that you say are now too low, is what these assets were worth in the first place.
January 2, 2012 at 9:09 am
wudchuck says:
Like or Dislike:
0
0
last i heard the treasury is a part of the federal government… and last i heard it had to take an act of congress to get it approved for this bailout… so YES, they still owe the gov’t and the taxpayer some money… personally, i think they should have fallen!
December 28, 2011 at 1:32 pm
Lou says:
Like or Dislike:
0
0
Wow! Going back to the 1980’s. That must run into the billions. Basically, the other carriers got the shaft. Who gets the fines, the government? The money should go to the other carriers.
AIG last December agreed to pay $146.5 million in fines, taxes and assessments in a settlement with all 50 U.S. states over alleged workers compensation reporting errors. plus $450 million settlement… so, why are we still allowing this company to stand?! they already owe the taxpayer money, but now, they owe more money to other folks because of their wrongdoing?! when are we going to finally say enough is enough… let the u.s. gov’t get it’s money first before the rest of the world gets anymore from them…
Wudchuck-The truth about AIG is that they have no money!
AIG is nearly 80% owned by the taxpayers, so when these fines are paid to the States, who really is paying for it? We are!
AIG stock is on its way to zero again with the taxpayers again on the hook.
and that’s the problem… no money and yet, us taxpayers are paying their salaries! i wish uncle sam could pay mine?! i don’t think the gov’t will get any money back at this rate!
AIG just paid back a bunch.
that may be so, but this will put another kink into the grinder of money… remember they back money to other banks and debt to other folks, but still owe more to the us gov’t… now they owe even more… that is lot of change that has to move… i’d be curious as to why starr has not bee brought back because these comp claims are older than the gov’t bailout! afterall, he was the ceo at the time of those comp claims right?
actually, AIG currently does not owe the government anything. The treasury has collateralized everything and could sell it whenever they want. The problem is the morons at the treasury collateralized everything when prices were sky high and now the asset values are too low so if they were to sell something, they’d lose their shirts.
Dear Status-You claim that the Treasury are morons. What makes you say that? I think it is clear that AIG was bailed out to rescue
Goldman Sachs & even foreign banks, so that is why Treasury paid top dollar. The asset values that you say are now too low, is what these assets were worth in the first place.
last i heard the treasury is a part of the federal government… and last i heard it had to take an act of congress to get it approved for this bailout… so YES, they still owe the gov’t and the taxpayer some money… personally, i think they should have fallen!
Wow! Going back to the 1980’s. That must run into the billions. Basically, the other carriers got the shaft. Who gets the fines, the government? The money should go to the other carriers.
Yeah they got off easy
The Evil Empire wins again.
At yet our agency “partners” continue to use them because they’re the cheapest………..