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AIG: "Taxpayers deserve to lose a trillion dollars over this thing for the way they have behaved."

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Catshrink Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 09:38 AM
Original message
AIG: "Taxpayers deserve to lose a trillion dollars over this thing for the way they have behaved."
Edited on Sun Mar-07-10 10:06 AM by Catshrink
Who said that? A comment by an AIG employee during a conference call about the employee bonuses. Their division head was trying to calm things down at the company and requested that they return 50% of bonus in hopes that NY AG Cuomo wouldn't make their names public. "Blackmail!" they said. They feel wrongfully persecuted for the actions of their company saying that the leaders who caused the problem are gone and they were left behind to clean up the mess.

The article:

http://www.azcentral.com/arizonarepublic/news/articles/2010/03/07/20100307AIG0307.html

:nopity:
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ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 09:58 AM
Response to Original message
1. funny thing: there wouldn't even BE and AIG without the Taxpayers
so whomever said that should stop whining and be thankful they happened to be ensconced in the government-cozy F.I.R.E vertical.
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Catshrink Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 10:07 AM
Response to Reply #1
2. I would have said greedy bastards
you're so much nicer.
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glitch Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 10:14 AM
Response to Original message
3. Apparently this guy isn't a taxpayer.
Perhaps the IRS should look into that.
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FreakinDJ Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 10:29 AM
Response to Original message
4. Time to OUTLAW The Bonus Compensation scam
Edited on Sun Mar-07-10 10:31 AM by FreakinDJ
During the Senate Banking Committee hearings it was discovered that most of the Banking Institutions MADE MONEY until the Bonus compensation was figured in.

The HUGE Bonuses actually drove many of these companies into the RED
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Cass Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 11:12 AM
Response to Original message
5. What a pompous ass with an entitlement problem.
If it wasn't for taxpayers bailing out their sorry asses, this jerk would be out of a job.

Its generally considered bad form and the height of bad behavior to bite the hand that feeds you, but taxpayers are supposed to just ignore AIG employees bad behavior, eh? I don't effing think so.
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Catshrink Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 12:38 PM
Response to Reply #5
8. Definitely a sense of entitlement here.
It's disgusting.
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Joe Chi Minh Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 02:55 PM
Response to Reply #5
14. Careful.... or he might go abroad where he'll be appreciated. Perhaps Iceland.
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Catshrink Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 03:11 PM
Response to Reply #14
15. Or Greece.
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Joe Chi Minh Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 06:55 PM
Response to Reply #15
23. What a popular hero he'd be in those two countries! Che Guevara lives! You can
just see them chanting for him to appear on a balcony. Or better still, at the front door.
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Cass Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 03:19 PM
Response to Reply #14
16. Let's put it this way - I'll help him pack. nt
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 11:27 AM
Response to Original message
6. AIG never lifted a finger to help me or my company.
I don't feel like returning the favor.

Oh. I would like my $183 billion back. Immediately.
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Catshrink Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 11:41 AM
Response to Reply #6
7. Corporate welfare queens.
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Selatius Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 12:42 PM
Response to Original message
9. I would like to sack their homes/cars and sell all their possessions in a gigantic repo sale.
Their sense of entitlement is astonishing. The second they accepted public money, they became subordinate to the taxpayers.
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Catshrink Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 01:21 PM
Response to Reply #9
10. I think we should drug test them
that's what some of the GOP want to do with people on welfare. Those on corporate welfare should face the same scrutiny.
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nightgaunt Donating Member (124 posts) Send PM | Profile | Ignore Sun Mar-07-10 02:26 PM
Response to Original message
11. What is good for me (AIG) is bad for you (and me)
Its like those Tea Baggers who protest "gov't interference" in their health care just so long as they keep their Medicare! Only these guys know what they are doing. They want to be rewarded for their criminal acts. As long as they get the money free of strings they will do so again as we can see. The next threat of a crash is just up the hill aways. Are you ready for it? I'm not, nor can I. Retention bonuses? I guess they did keep the company in money even as they stole wealth and transferred it to them.
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Starry Messenger Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 02:29 PM
Response to Original message
12. Just think of how many poor and unemployed people
could have just been put on straight salary for a few years just with that money. No job necessary, 50,000 a year to keep them alive and afloat. But no. Is it guillotine time yet?
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bridgit Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 02:45 PM
Response to Original message
13. AIG execs are making the case *for* a nationalization of the private financial sector...
And their 'products' which amount to little more than insider trash talk about short sold nations, usury charges & ATM fees, and printer friendly versions of white collar crimes by the stack
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truedelphi Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 10:28 PM
Response to Reply #13
29. They really are making a case for nationalizing the banks.
But some people who have been badly hurt by this economy might be into the guillotine or tar and feathering routine BEFORE the nationalization.
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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 03:21 PM
Response to Original message
17. and who's on aig's board & runs sun america, it's affiliate? the charter school funder eli broad.
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=7840084&mesg_id=7840995


the same folks destroying the economy & leeching off tax funds are taking down public employees.

locusts & leeches.
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Catshrink Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 03:51 PM
Response to Reply #17
20. Color me shocked.
Not.

:hi:
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OnyxCollie Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 03:23 PM
Response to Original message
18. Ayn Rand would be proud. nt
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Greyhound Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 03:24 PM
Response to Original message
19. Thank gawd it passed! n/t
:kick: & R

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guitar man Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 04:26 PM
Response to Original message
21. Time to start building the guillotines
Maybe then they'll get it. :grr:
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Catshrink Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 05:53 PM
Response to Reply #21
22. No. They'll try to justify their thievery until the end.
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guitar man Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 08:18 PM
Response to Reply #22
25. Then off with their heads!!
:P
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Orsino Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 08:15 PM
Response to Original message
24. S/he is terribly right, in a way.
We fell asleep, and no longer care enough to deserve sane, ethical economic regulation.

But no, millions of families shouldn't be paupered to line the pockets of the already-rich.
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Odin2005 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 08:51 PM
Response to Original message
26. That's it, where the fuck is the guillotine?
:grr:
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wellst0nev0ter Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 10:40 PM
Response to Reply #26
30. And Where Did I Put That Rusty Pitchfork
I'll give that entitled greedhead his due though: if we don't act, then we deserve to lose those trillions of dollars.
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Catshrink Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-08-10 09:18 AM
Response to Reply #30
33. I think people are too numb to act.
It's neofeudalism.
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Hello_Kitty Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 08:52 PM
Response to Original message
27. Wow. eom
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Initech Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-07-10 09:39 PM
Response to Original message
28. I'll go get my pitchfork.
:argh:
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DisgustedInMN Donating Member (956 posts) Send PM | Profile | Ignore Sun Mar-07-10 11:00 PM
Response to Original message
31. And CEO Obama seems to agree. n/t
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Catshrink Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-08-10 07:14 AM
Response to Reply #31
32. He seems to want to preserve the "class system"
Funny he has no problem protecting the banks, even as they sit on the brink of failure and threathen to bring down our entire financial system yet he has no qualms about wholesale firing of teachers (RI). Money talks.

One term.
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