Comments on: Treasury Dept. Books AIG’s Flight To Carnival! http://emptywheel.firedoglake.com/2008/10/08/treasury-dept-books-aigs-flight-to-carnival/ Fri, 15 Jul 2011 20:48:32 -0500 hourly 1 http://wordpress.org/?v=3.1.2 By: Mauimom http://emptywheel.firedoglake.com/2008/10/08/treasury-dept-books-aigs-flight-to-carnival/#comment-104931 Mauimom Thu, 09 Oct 2008 06:58:05 +0000 http://emptywheel.firedoglake.com/2008/10/08/treasury-dept-books-aigs-flight-to-carnival/#comment-104931 <p>I want to see the outrage at the even greater amount — $18 million, as I recall — that AIG CEO Hank Greenburg made when he sold AIG stock <strong>after</strong> the Fed infusion of cash, which of course raised the price of the stock & thus Greenburg’s proceeds.</p> <p>Can anyone tell me WHY those who put together this “bail-out” of AIG didn’t demand that executives surrender their stock & stock options before putting in all the taxpayer billions?</p> <p>Otherwise, effect is $$$$ from taxpayer pockets to crooks’ wallets.</p> I want to see the outrage at the even greater amount — $18 million, as I recall — that AIG CEO Hank Greenburg made when he sold AIG stock after the Fed infusion of cash, which of course raised the price of the stock & thus Greenburg’s proceeds.

Can anyone tell me WHY those who put together this “bail-out” of AIG didn’t demand that executives surrender their stock & stock options before putting in all the taxpayer billions?

Otherwise, effect is $$$$ from taxpayer pockets to crooks’ wallets.

]]> By: LangostinoHues http://emptywheel.firedoglake.com/2008/10/08/treasury-dept-books-aigs-flight-to-carnival/#comment-104926 LangostinoHues Thu, 09 Oct 2008 05:53:21 +0000 http://emptywheel.firedoglake.com/2008/10/08/treasury-dept-books-aigs-flight-to-carnival/#comment-104926 <p>Pigeons never have any liquidity problems.</p> Pigeons never have any liquidity problems.

]]> By: JohnLopresti http://emptywheel.firedoglake.com/2008/10/08/treasury-dept-books-aigs-flight-to-carnival/#comment-104900 JohnLopresti Thu, 09 Oct 2008 03:07:48 +0000 http://emptywheel.firedoglake.com/2008/10/08/treasury-dept-books-aigs-flight-to-carnival/#comment-104900 <p>I was wondering who was the insurer of the missing bricks.</p> I was wondering who was the insurer of the missing bricks.

]]> By: Hugh http://emptywheel.firedoglake.com/2008/10/08/treasury-dept-books-aigs-flight-to-carnival/#comment-104889 Hugh Thu, 09 Oct 2008 00:45:29 +0000 http://emptywheel.firedoglake.com/2008/10/08/treasury-dept-books-aigs-flight-to-carnival/#comment-104889 <p>BTW this is how the Fed rather obtusely described the most recent injection of cash:</p> <blockquote><p>Under this program, the New York Fed will borrow up to $37.8 billion in investment-grade, fixed-income securities from AIG in return for cash collateral.</p></blockquote> <p><a href="http://www.federalreserve.gov/newsevents/press/other/20081008a.htm" rel="nofollow">http://www.federalreserve.gov/.....81008a.htm</a></p> <p>Sort of like borrowing a car from a dealer but collateralizing it with cash.</p> BTW this is how the Fed rather obtusely described the most recent injection of cash:

Under this program, the New York Fed will borrow up to $37.8 billion in investment-grade, fixed-income securities from AIG in return for cash collateral.

http://www.federalreserve.gov/…..81008a.htm

Sort of like borrowing a car from a dealer but collateralizing it with cash.

]]> By: Blub http://emptywheel.firedoglake.com/2008/10/08/treasury-dept-books-aigs-flight-to-carnival/#comment-104888 Blub Thu, 09 Oct 2008 00:41:15 +0000 http://emptywheel.firedoglake.com/2008/10/08/treasury-dept-books-aigs-flight-to-carnival/#comment-104888 <p>isn’t the Federal government their new boss and doesn’t an 80% stake come with firing authority?</p> isn’t the Federal government their new boss and doesn’t an 80% stake come with firing authority?

]]> By: SouthernDragon http://emptywheel.firedoglake.com/2008/10/08/treasury-dept-books-aigs-flight-to-carnival/#comment-104887 SouthernDragon Thu, 09 Oct 2008 00:40:21 +0000 http://emptywheel.firedoglake.com/2008/10/08/treasury-dept-books-aigs-flight-to-carnival/#comment-104887 <p>(<em>bows</em>) Konnichiwa, Wobbs</p> <p>Have you seen <a href="http://www.cnn.com/2008/TECH/science/10/08/rescued.penguins/index.html?iref=24hours" rel="nofollow">this</a>?</p> (bows) Konnichiwa, Wobbs

Have you seen this?

]]> By: Synoia http://emptywheel.firedoglake.com/2008/10/08/treasury-dept-books-aigs-flight-to-carnival/#comment-104886 Synoia Thu, 09 Oct 2008 00:38:14 +0000 http://emptywheel.firedoglake.com/2008/10/08/treasury-dept-books-aigs-flight-to-carnival/#comment-104886 <p>Nero fiddles…</p> Nero fiddles…

]]> By: Everythingseemssoneat http://emptywheel.firedoglake.com/2008/10/08/treasury-dept-books-aigs-flight-to-carnival/#comment-104885 Everythingseemssoneat Thu, 09 Oct 2008 00:37:34 +0000 http://emptywheel.firedoglake.com/2008/10/08/treasury-dept-books-aigs-flight-to-carnival/#comment-104885 <p>I’m not certain that Maurice R. “Hank” Greenberg put the interest of the United States first.</p> I’m not certain that Maurice R. “Hank” Greenberg put the interest of the United States first.

]]> By: MadDog http://emptywheel.firedoglake.com/2008/10/08/treasury-dept-books-aigs-flight-to-carnival/#comment-104884 MadDog Thu, 09 Oct 2008 00:35:59 +0000 http://emptywheel.firedoglake.com/2008/10/08/treasury-dept-books-aigs-flight-to-carnival/#comment-104884 <p>And AIG’s alibi is <i>“It wasn’t our money anyways.”</i></p> And AIG’s alibi is “It wasn’t our money anyways.”

]]> By: eCAHNomics http://emptywheel.firedoglake.com/2008/10/08/treasury-dept-books-aigs-flight-to-carnival/#comment-104883 eCAHNomics Thu, 09 Oct 2008 00:33:32 +0000 http://emptywheel.firedoglake.com/2008/10/08/treasury-dept-books-aigs-flight-to-carnival/#comment-104883 <p>OT<br /> W will veto if he gets sent bill extending unemployment benefits.<br /><a href="http://thinkprogress.org/2008/10/08/perino-unemployment/" rel="nofollow">http://thinkprogress.org/2008/.....mployment/</a></p> OT
W will veto if he gets sent bill extending unemployment benefits.
http://thinkprogress.org/2008/…..mployment/

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