AIG

[classicman]

Here’s the problem with all the hoopla over the $135 million in AIG bonuses:
This sum is only less than 0.1% – one thousandth – of the $183 BILLION that the U.S. Treasury gave to AIG as a "pass-through" to its counterparties. This sum, over a thousand times the magnitude of the bonuses on which public attention is conveniently being focused by Wall Street promoters, did not stay with AIG. For over six months, the public media and Congressmen have been trying to find out just where this money DID go. Bloomberg brought a lawsuit to find out. Only to be met with a wall of silence.

[sugarpop]

Originally Posted by classicman

Quote:
Here’s the problem with all the hoopla over the $135 million in AIG bonuses: This sum is only less than 0.1% – one thousandth – of the $183 BILLION that the U.S. Treasury gave to AIG as a "pass-through" to its counterparties. This sum, over a thousand times the magnitude of the bonuses on which public attention is conveniently being focused by Wall Street promoters, did not stay with AIG. For over six months, the public media and Congressmen have been trying to find out just where this money DID go. Bloomberg brought a lawsuit to find out. Only to be met with a wall of silence.

Thanks classic for posting that. I WAS really hoping that this whole fiasco would cause new rules and laws about Wall Street, and maybe even rework compensation for the majority of the people in this country, so everyone makes a decent, living wage, and a few people at the top don't get SO filthy rich. You know, maybe narrow the gap some. I fear now though that it may not happen.

IMHO, all those people who make boatloads of money unethically, by speculating, artificially inflating and deflating prices, playing with people's lives by controlling markets, I really do wish harm on those people. I wish they would all go to prison for the rest of their lives. and yes, I include politicians in there as well, when they've done things that have allowed this happen.

[piercehawkeye45]

Originally Posted by sugarpop

IMHO, all those people who make boatloads of money unethically, by speculating, artificially inflating and deflating prices, playing with people's lives by controlling markets, I really do wish harm on those people. I wish they would all go to prison for the rest of their lives. and yes, I include politicians in there as well, when they've done things that have allowed this happen.

*rolls out guillotine*

I'll bring it back in thirty years when the next wave of smarter corrupt businessmen/politicians fuck up.