Comments on: "Betrayed" AIG Exec Offers Public Resignation

[citizen4honor]

Posted by clancy49

If 750,000 is 37.5 years of your income, you should get a second job or why don't you try working 16 hours days like DeSantis did or maybe go to school for a few years.

Stop blaming a hard worker fand educated man for your status in life. You should thank him for all the taxes he's paid these years that support people like you.

[rainmaker297]

Dear Sir:
The 911 international terriotist are very intelligentant people. The are not stupid. During the attack on 911 all the planes was to attack specific targets for specific purpose. The word trade centers was for financial attack and breakdown, white house was to attack national historical land site, and the penagon was to attack our defense center. The terriotist took off their target list the USA capitol building. They did not chose the USA capitol building. They new that if our congressmen was alive they would do more damage to the USA alive verse being dead. OBL is laughing in his Paskastan Cave.
One point everyone is missing about the AIG bail out package. Congress is responsible for drafting, reading,passing, and implementing this AIG package. Did the congressmen not read what was in the package that bonuses would be paid or did AIG excutives lie under oath ?. The treasury department knew. If all the bonus money is not returned to the treasury department. Therefore the USA congressmen and Obama needs to reinburse the USA tax payer the money difffernace. In my job I had to justify and account for very dollar spent and where it was spent. If I mismanaged the funds I would have been fired.
If bonus money has been mismanaged then how has the rest of the bailout money been spent. I believe Congress needs to enact a congressional inquiry to investigate the bail out money mismanagement problems and bonus spending spree. Congess needs to spend an additional 500 million during the investigation.

[jumkey]

A $750K yearly bonus?

YOU'RE OVERPAID.

Now that you're taking government money (read: MY money) you're going to live by my rules or hit the road. Your choice was to hit the road - fair enough BUT: the bonus you received was not based on company performance, so it's awarding IN AND OF ITSELF was an act of corruption in a corrupt company.

[citizen4honor]

Rainmaker: To Mr. DeSantis,Corporate leaders,, and congress leaders, we the people generate all wealth. Wealth and money follows up hill. Mr. DeSantis Wally World is hiring. Hit the door.

You are delusional. If you are not running your own business and you make less than $50,000 you are using the majority of tax dollars while imputting very little. Those making under 50,000 use 16 times as much tax payer dollars as the wealthy do, while the wealthy provide 40% of the money. The upper 5% of the people provide 40% of the tax dollars. The bottom 50% provide 3% of tax dollars yet use all of the services.

You are not generating wealth unless you employ another person. Other than that, you are helping to sustain, but don't think you are generating.

There is no such thing as "trickle up wealth". Anyone that believes it is a fool.

[clancy49]

Dear Ed Liddy. Since I am in dire need of charity and since you don't want the government to get your bonus. Please write the 750K check out to me. I will be eternally grateful and spend your charitable contribution wisely. I will pay all my greedy little debts including my mortgage to restart the economy of this nation. If you want, I will buy a GM hybrid car with some of the money. Thank you so much. I am clancy49, and if you contact cbs, I give you
Ed Liddy permission to get my name and address to mail the check to me. I promise to take that 750K and use it wisely. P.S. 750K is 37.5 years of my gross salary pay.

[brianp55]

""Dear AIG: I Feel "Betrayed"

Mr: DeSantis:
Please derive strength from my assurance that any sense of betrayal that you may feel, pales in comparison to what the rest of us (affected by the actions of companies such as AIG) are feeling.

[EatCake]

Is there supposed to be some honor in a culture that sees money as its god(s)?

In such a culture greedy people aren't loyal or interested in their jobs, they leave companies because they don't get paid enough and stay because someone will pay them a lot. Mr. DeSantis is demonstrating just that.

Loyalty? To what, except money?

We all gotta eat. but who's threatened with starvation because they didn't get their six figure bonus? What about the people that AIG can?t make good on their policies with because some exec forgot all his ?loyalty? when the discussion turned to what?s in it for him?

Is there suddenly honor amongst the greedy? Why would one greedy person look out for another greedy person? In the world of greed, the greedy will do as expected, be greedy. In that regard, Mr. DeSantis would appear to be no less greedy than his boss or any more loyal to AIG than anyone else who stays or leaves based on a compensation package or bonus.

[citizen4honor]

By Dick Morris:

Does President Obama truly believe that he can castigate and condemn Wall Street on Mondays, Wednesdays and Fridays and then secure its cooperation on the other days of the week?

Does he not understand that when he ignites a public furor over AIG bonuses and then incites Congress to pass a punitive tax, he sends shivers down the spines of every other corporate executive who makes a lot of money?

Does he seriously believe that Wall Street investors will not worry that their winnings, should they join the Treasury as partners in risky investments, would be subject to public abuse, publicity and confiscatory taxation?

Of course he realizes that his rhetoric makes it unlikely that his program will succeed. He obviously gets it that the entire concept of a public-private partnership is impossible amid a climate of waging class warfare, taxing the rich and heaping contempt on anyone who makes money. The president is quite bright and certainly understands that you cannot shake hands with your right while you launch a roundhouse with your left.

So why does Obama persist in his aggressive rhetoric? Why does he continue to treat Wall Street as something out of Dante's Inferno?

Because he's just not that into you! He doesn't really care if the public-private partnerships work out.

He sends Geithner out to announce the program because he doesn't want to make it his own. When he announces a stimulus plan or a new spending bill, it's Obama's moment before the teleprompter. But the public-private partnerships he leaves to his Treasury secretary to announce.

The most rational explanation for Obama's puzzling conduct -- sabotaging his own program by way of his own rhetoric -- is that he truly wants to be forced to nationalize the banks in pursuit of his ultimate goal of a socialist economy.

Obama has to oppose nationalization today in order to achieve it tomorrow. He has to show the country and the world that he is doing all he can to help the private sector to sort things out with government help. He must ostentatiously invite the hated demons of Wall Street to join him in rescuing the banks in order, later, to say that he did his best to avoid having to take over the banks. Only then will nationalization be an acceptable alternative -- when he has run out of other options.

Meanwhile, he makes sure the private sector won't play ball by going after their bonuses, sending an implicit message to the other executives on Wall Street that reads: Stay away.

Even when he takes over the banks, as he almost inevitably will, he is going to have to dress up the nationalization as a temporary measure forced on him by the economy and the previously unrealized depth of the problem. He will cite the example of Sweden, where the government nationalized the banks only temporarily and returned them to private hands quickly.

You can't be for nationalization. But Obama hopes to accomplish it nonetheless.

Already, in the TARP and TALF programs, we can see how eager he is to use government power to manipulate the once-private sector. Consider the mandates piling up on any financial institution that takes government funds: limits on executive pay, corporate travel and conferences; a strong Buy American recommendation; and aggressive action to get them to make consumer loans. Can affirmative action, low-income lending and diversity outreach be far behind?

If Obama can bring banks and the healthcare industry under government control, we will have de facto socialism. Is this Obama's goal? It is obviously where he is headed.

Is Obama a socialist? Rather than throw around labels, let's do the math. The best measure of whether an economy is government- or private sector-oriented is the percentage of the gross domestic product (GDP) that flows through government expenditure. Before the current fiscal crisis, the major nations stacked up as shown in the chart on page 27.

Obama's stimulus package, alone, comes to about 6 percent of GDP, vaulting the United States past Japan to 40 percent on the list above. If we add in the extra spending in the supplemental appropriations bill and the likely increases for healthcare, the total government percentage will rise well past 40 percent and probably close in on the United Kingdom's 43.

That's pretty socialistic, but Obama has three more years to get us up around Germany and really ruin our economy!

[Idaresay]

for anyone who is still a little befuddled about how and why AIG was bailed out... do a little research on the subject of retirement funds for congressional and senatorial retirement plans... hmmmmm... ???

[zipperfalcon]

I just read rainmaker's posting. wow - just wow.
I don't know where to begin with regard to the misinformation he spouts. And he probably votes too.
We have met the enemy and he stares back while we shave.