Takes a shark to know a shark. AIG selling billions worth of credit default swaps they had no intention or ability to pay off. If I read one more story from anybody at AIG complaining about the government after accepting a $182 billion bailout from the government, I’m gonna puke. If so much better terms than what they got from the government were out there, why didn’t they approach private enterprises? Yeah, right AIG.
Dave, just looking at Benmosche’s background prior to going to AIG would give one pause. The bleeding has not stopped with successors and employees still getting laid off. No telling where this is going to end, but it might not be good.
May God bless Mr. Benmosche and may he rest in peace. He did a good job with AIG and repaying the gov’t loan.
He wasn’t there for the actual debacle, but he did a good job in cleaning it up.
I agree he did not create the mess. But he had no problem feeding at the government trough. Unlike Liddy he took a pretty big paycheck while there. And he did nothing that anybody else could have done stalling the government and selling off assets. And of the $15 billion or so that were added to inadequate reserves since 2009, a bunch of that was accumulated under his watch. I feel for him and his family, but he was no Superman.
Thank you Jack! Finally someone else here realizes that while AIG took bailout money from the government, they repaid it all back with (I believe) an extra ~$22 million! I’m not saying the bailout was a good thing or the right thing, but we should at least give AIG SOME credit for paying it all back and then some!
Takes a shark to know a shark. AIG selling billions worth of credit default swaps they had no intention or ability to pay off. If I read one more story from anybody at AIG complaining about the government after accepting a $182 billion bailout from the government, I’m gonna puke. If so much better terms than what they got from the government were out there, why didn’t they approach private enterprises? Yeah, right AIG.
Dave, just looking at Benmosche’s background prior to going to AIG would give one pause. The bleeding has not stopped with successors and employees still getting laid off. No telling where this is going to end, but it might not be good.
May God bless Mr. Benmosche and may he rest in peace. He did a good job with AIG and repaying the gov’t loan.
He wasn’t there for the actual debacle, but he did a good job in cleaning it up.
I agree he did not create the mess. But he had no problem feeding at the government trough. Unlike Liddy he took a pretty big paycheck while there. And he did nothing that anybody else could have done stalling the government and selling off assets. And of the $15 billion or so that were added to inadequate reserves since 2009, a bunch of that was accumulated under his watch. I feel for him and his family, but he was no Superman.
Thank you Jack! Finally someone else here realizes that while AIG took bailout money from the government, they repaid it all back with (I believe) an extra ~$22 million! I’m not saying the bailout was a good thing or the right thing, but we should at least give AIG SOME credit for paying it all back and then some!
with a “B”.