There is a vested interest for the Federal Government to do this: More AIG “profits” help’s Chartis’ share price which allows the government to un-wind their owned shares. As always – follow the money trail.
The bailout reportedly saved 120,000 jobs world wide, for which I found no fault at the time. Now I look at the bailout as enabling AIG, Lexington and now Chartis to lowball premiums just to raise revenue and ignore sound underwriting guidelines.
Do you really believe that saving AIG saved 120,000 jobs? Companies out there have utilized their employees to the max. Adding AIG’s accounts to their books would have required hiring of those 120,000 employees to their businesses. If anything saving AIG saved the CEO’s and upper management their big pay checks and like the article states, their hefty bonuses. The ones that drove AIG into the ground would be the ones unemployed. Hmmm poor work performance equals unemployed. Sounds like democracy to me. Now we hear that our government is trying to make this look like a good investment and we’ll make a profit. Thanks IJ for pointing out to us that 90% of AIG’s profit was from tax breaks. Take from our left hand and give to the right. Sounds like a little government cover-up.
There just jealous. Pretty soon they will be out on the street with the Occupy Wall Street Protestors yelling and screaming until somebody notices them.
This is all lies…the same people who are protesting are the same people whose mommy and daddy handed them everything in life. Pretty soon they will be out there with the “Occupy Wall Street” protestors.
There is a vested interest for the Federal Government to do this: More AIG “profits” help’s Chartis’ share price which allows the government to un-wind their owned shares. As always – follow the money trail.
The bailout reportedly saved 120,000 jobs world wide, for which I found no fault at the time. Now I look at the bailout as enabling AIG, Lexington and now Chartis to lowball premiums just to raise revenue and ignore sound underwriting guidelines.
Do you really believe that saving AIG saved 120,000 jobs? Companies out there have utilized their employees to the max. Adding AIG’s accounts to their books would have required hiring of those 120,000 employees to their businesses. If anything saving AIG saved the CEO’s and upper management their big pay checks and like the article states, their hefty bonuses. The ones that drove AIG into the ground would be the ones unemployed. Hmmm poor work performance equals unemployed. Sounds like democracy to me. Now we hear that our government is trying to make this look like a good investment and we’ll make a profit. Thanks IJ for pointing out to us that 90% of AIG’s profit was from tax breaks. Take from our left hand and give to the right. Sounds like a little government cover-up.
Can you say Moral Hazard??
There just jealous. Pretty soon they will be out on the street with the Occupy Wall Street Protestors yelling and screaming until somebody notices them.
This is all lies…the same people who are protesting are the same people whose mommy and daddy handed them everything in life. Pretty soon they will be out there with the “Occupy Wall Street” protestors.
Moral hazzard….please.
Gordon, Must be a Chartis employee?