The Cellar

The Cellar (http://cellar.org/index.php)

- Politics (http://cellar.org/forumdisplay.php?f=5)

- - AIG (http://cellar.org/showthread.php?t=19677)

Mostly true. AIG's insurane and annuity divisions were never in trouble. They were profitable and doing quite well in fact. The problem is that with all of the the bad press with the name it is harder to get people to put money into their products even when they are sound. That creates the snowball effect of depleting their reserves which causes the rating agencies and analysts to downgrade their credit rating, which in turn causes producers to shy away from their products. Their single largest distributor just pushed them out of the system meaning not one of their 10,000+ advisors can use the products anymore.

While AIG's insurance arm was still sound and profitable... they won't be soon.

Does that mean I am no longer considered a left wing wacko? *grins*

NO! You are the resident commie. Unfortunately you post too rationally.
;)

You hide your wacko-ness pretty well, so it fools some folks. being a manc tart also confuses the issue.

Quote:

Originally Posted by TGRR (Post 542404)

Good thing I don't live in Tibet, then.

TGRR,
Would not have known to avoid "The Angry Whopper", had he not seen the commercial.

Have you ever noticed how a lot of commercials make men look really dumb? :D Angry whooper. LOL

yeah...specially take away food.

Quote:

Originally Posted by sugarpop (Post 543309)

Have you ever noticed how a lot of commercials make men look really dumb?

See there is truth in advertising

Quote:

Originally Posted by sugarpop (Post 543309)

Have you ever noticed how a lot of commercials make men look really dumb? :D Angry whooper. LOL

I'm dumb as fuck. I've made a career out of it.

The middle-class white male is the only permitted target of mockery and ridicule left. You see it in ads all the time.

As a middle-class white male I am cool with this because I do get all the perks from being the mainstream.

Quote:

Originally Posted by ZenGum (Post 543517)

Yep. Let 'em laugh. I have STUFF.

Plus, I don't get beat up when I get pulled over.

Recently a teenager was pulled over and the cops made him lie face down on the road in cuffs.

He got run over.

He was white middle class male.

Teenagers don't count they're expendable, because we can make more just like them.

Quote:

Originally Posted by ZenGum (Post 543517)

The middle-class white male is the only permitted target of mockery and ridicule left.

Yup and I am personally gonna file a discrimination suit against, well against somebody. I want equal abuse onto everyone or else.

Quote:

Originally Posted by Aliantha (Post 543528)

Recently a teenager was pulled over and the cops made him lie face down on the road in cuffs.

He got run over.

He was white middle class male.

He shouldn't have hated America.

Treasury objects to AIG bonus payments

Quote:

WASHINGTON (Reuters) - Embattled insurer American International Group agreed to revamp its bonus structure on Saturday after Treasury Secretary Timothy Geithner objected to its plans to pay out substantial sums for 2008, Obama administration officials and the company's chairman said.

AIG (AIG.N), which has received three government bailouts totaling $180 billion, will sharply cut remaining salaries for 2009 for top executives of its AIG Financial Products unit and will work with Treasury to realign 2008 bonuses to reflect the company's restructuring and repayment goals, AIG Chairman Edward Liddy said in a letter to Geithner.

AIG Financial Products was the unit that made bad bets on toxic mortgages that led to the company's near collapse.

Liddy said the firm was legally obligated to make already-committed 2008 employee-retention payments, the value of which were set last year before problems arose at the Financial Products unit.

"Some of these payments are coming due on March 15, and, quite frankly, AIG's hands are tied," Liddy said, adding that he found the arrangements "distasteful."

But he said he would work with Geithner to resolve the issue.

An Obama administration official said it was unacceptable for Wall Street firms receiving government assistance to pay million-dollar bonuses, but concluded that the retention payments were legally binding.

The Treasury will continue to negotiate with AIG to bring these payments down and seek to recoup the funds through mechanism outside of these contracts.

I have nothing to say - I'm too pissed off.