AIG execs better give answers

Discussion in 'Politics' started by B_starinvestor, Nov 11, 2008.

  1. B_starinvestor

    B_starinvestor New Member

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  2. 1BiGG1

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    Yes, thank you so much to the liberal dominated Congress for doling out big money without sensible oversight.

    The democrats didn’t learn after preventing George Bush from regulating Fannie/Freddie apparently.
     
  3. Singleman8

    Singleman8 Active Member

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    I have a small ins company, and the government wouldn't bail out me, and I blame the clinton administration and the congressmen that went to Fannie Mae and Freddie mack in 1990 to create the mess the mortages are in. they let people have money on adjustable rates that couldn't qualify for reg loans and now AIG with their deritives are having to pay off on the default loans that Leeman bros made. I think the houses should go back on the market at lower prices and let people who saved their money take advantage of buying situation. AIG and the major ins companies don't create jobs like Ford GM and Chrysler, and the government shoudl bail out the auto industry as they made tanks and war time vehicles in WWII. and employ millions of people. You let the American auto industry go down 3-5million people will get laid off and start a snow ball effect in USA youve never seen. AIG and the banks donot create jobs, they consume. Who is going to pay off the mortgages with no jobs? This is enough for now.
     
  4. houtx48

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    looks like somebody at lehman brothers was not blowin the right people.
     
  5. surferboy

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    this is fucking disgusting. why is no one trying the execs like they did with enron?
     
  6. B_starinvestor

    B_starinvestor New Member

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    good point.
     
  7. 1BiGG1

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    People were prosecuted at Enron for cooking-the-books, AIG and others are victims of government policy = namely mortgages that were given to those who should not have gotten them.
     
  8. earllogjam

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    Business as usual.

    Can't expect them to be parting it up at the Motel 6 and keep their caliber clients now can we?
     
  9. mindseye

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    The money isn't being "doled out" by Congress; it's being "doled out" by the newly-created Office of Financial Stability, and the "sensible oversight" is being provided by a Republican appointee, Neel Kashkari.

    If you want to complain about a major expense without sensible oversight, help bring an end to the war in . . . where was it again?
     
  10. 1BiGG1

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    Congress has the power to regulate and that’s what they should have done = something like “you guys will be spending no extra money on anything with these public funds”

    … and there is a war in Afghanistan if that’s what you are asking. :rolleyes:
     
  11. surferboy

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    no, i understand that brah. but they're claiming to be bankrupt, and thay they need a government bail out, but they're partying? what the hell is that? how is that not fraud?
     
  12. mindseye

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    1. Is that a legislative responsibility or an executive one? In other words, do you see the commerce clause or the faithful execution clause as being the important factor here?
    2. Is it your position now that Congress should take a more active role in telling businesses how to operate, or are you merely abandoning your position in order to lob an attack at the "liberal-dominated" Congress?

    Is that the same war or a different war? And who's the enemy over there?
     
  13. surferboy

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    know what i find kind of funny? republicans, by one part of the definition, believe in a minimal state. they believe that the government should not regulate the economy, yah?

    it's fair to say that most CEOs are republicans. yet, once their precious money is at stake, they turn to the government to bail them out! and republicans approve it! it's amazing how quick the republican's ideals go flying out the window if someone dicks with their money. amazing, and very sad.


    and yes, we covered social political philosophy in my philosophy class, so i'm trying to practice what i've learned so i don't forget it
     
  14. curious n str8

    curious n str8 New Member

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    Interesting Braw...so what type of goverment did you see that you liked?
     
  15. B_New End

    B_New End New Member

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    They aren't clients, they are private brokers.

    But yes, we should only be glad as Americans, that we do not have to endure such terrible work. Surely they are worth their million dollar paychecks. I mean, can you imagine having to go to a job like that? Hot women, limousines, champagne, Cubans and nice restaurants? Wow, we surely must not let these people fail, America cannot stand to lose anymore of these high paying, essential jobs.
     
  16. surferboy

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    i'm attracted to the liberalist government system the most.

    now, if marx's communism could come true, i'd support that.
     
  17. curious n str8

    curious n str8 New Member

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    Liberalist meaning? Yea it's a shame but given Mankinds nature Communism could never be Braw...
     
  18. surferboy

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    bruddah, i'm kinda happy you're questioning me. it's helping me study for my exam next monday.

    liberalism states that individual rights should be protected. it strongly believes in the social contract. the social contract states that there is an unwritten contract between a government and their peoples, and, should this contract be breached by the government, the peoples have a right to revolt and challenge their government.
     
  19. B_New End

    B_New End New Member

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    Im getting interested in an anarchist/french revolution style. You know, where we just start ending the lives of these parasites en masse.

    :mad:
     
  20. curious n str8

    curious n str8 New Member

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    But what happens when the Liberalised goverment leads to a dictrolist type of socialistic goverment?
     
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