AIG does it again

[picantel]

http://abcnews.go.com/Blotter/WallStreet/story?id=6223972&page=1

I find this company fascinating. It is so criminal in its behavior because it knows the government is too busy kissing ass and trying to save jobs that they can do pretty much as they please.

The story comes with a video also. Basically they threw a $343k convention but did not want anyone to know so the hotel was not allowed to put any signs up announcing it or even talk about it. The execs were driven around in limos, had an open bar, and then went out to eat at a swanky restaurant- all on your dime. This is after they blew the billions taxpayers gave them and then asked and received 150 billion more. Unreal.

[picantel]

http://abcnews.go.com/Blotter/WallStreet/story?id=6180235&page=1

Want another ridiculous fed move. They just hired the head of risk management at Bear Sterns(yah the one that went under from risky plays) to look at the health of other banks. Why not hire a murderer to become a police officer because he knows how to fire a gun.

[Tchocky]

I saw their new CEO on Larry King last night. He did a good job of explaining these "retreats". The real evil genius is Hank Paulson. Paulson is a 1st class enabler for Wall Street and their lobby groups. It is unlikely the taxpayers will ever get any of this $700 billion back.

[picantel]

Of course the taxpayer will never see a dime. The whole thing is a joke and is just the rich getting rich off the backs of everyone else.

Here is another funny story. The UIGEA makes offshore gambling illegal(at least for the books). The debts have no legal status and are criminal to even collect on. The collection agency for the books threatens and harasses people illegally and gets caught by the federal government. Does anything happen to them? Well no as the government is incompetent. They decide to turn the collection agency on the big bad sportsbook to track the money(secretly of course) before they pull the rug out from under the sportsbook. As the book crumbles the people who were abused and others lose their shirts. Unreal.

[wtf]

picantel, thank you for posting this, i would have missed it.

their arrogance is beyond words. LIMOS, FIRST CLASS! let them fail, they are losers anyway.

[gm2022]

Of course the taxpayer will never see a dime. The whole thing is a joke and is just the rich getting rich off the backs of everyone else.

Here is another funny story. The UIGEA makes offshore gambling illegal(at least for the books). The debts have no legal status and are criminal to even collect on. The collection agency for the books threatens and harasses people illegally and gets caught by the federal government. Does anything happen to them? Well no as the government is incompetent. They decide to turn the collection agency on the big bad sportsbook to track the money(secretly of course) before they pull the rug out from under the sportsbook. As the book crumbles the people who were abused and others lose their shirts. Unreal.

UIGEA BILL is a killer to online poker big time. Why doesnt the gov. just legalize it and tax it so much money they are missing out on not doing this for poker! I dont see what congress man the votes for this gain persoanlly on this either!

[EBSB52]

http://abcnews.go.com/Blotter/WallSt...6223972&page=1


I find this company fascinating. It is so criminal in its behavior because it knows the government is too busy kissing ass and trying to save jobs that they can do pretty much as they please.

The story comes with a video also. Basically they threw a $343k convention but did not want anyone to know so the hotel was not allowed to put any signs up announcing it or even talk about it. The execs were driven around in limos, had an open bar, and then went out to eat at a swanky restaurant- all on your dime. This is after they blew the billions taxpayers gave them and then asked and received 150 billion more. Unreal.

No shit, unfvcking real

[PittsburghPlayer]

Bump...

New information has surfaced...

seems this conflict between SteveK and AIG (in saloon)
started EIGHT years ago.

W O W

[IAG]

Bump...

New information has surfaced...

seems this conflict between SteveK and AIG (in saloon)
started EIGHT years ago.

W O W

LOL...Steak used to call me AIG. Miss that guy.

[unde0087]

Don't blame them, Obama is the dipshit who gives handouts left and right to these clowns. Maybe hate the enabler of the situation. Same thing with Wells Fargo, Obama hands them a bag of cash without demanding the company to change leadership and acts like the company is just going to change their ways.

It's like handing a degenerate gambler a million dollars downtown Vegas and expecting them not to gamble.

[chico2663]

Look it is a convention for people that have made certain levels. As someone that went to 17 straight conventions for production levels from a rival company. It isn't right that the agents are made to suffer for the incompetence of the company. One thing that people don't realize is that A.I.G. and Lloyds(sp) of London write all the insurance for casualty insurance for sea bearing companies. As far as the previous loan; everything that W gave out was a gift. If Obama gave it out then it has been paid back with a 12% interest.

[vividjohn45]

Don't blame them, Obama is the dipshit who gives handouts left and right to these clowns. Maybe hate the enabler of the situation. Same thing with Wells Fargo, Obama hands them a bag of cash without demanding the company to change leadership and acts like the company is just going to change their ways.

It's like handing a degenerate gambler a million dollars downtown Vegas and expecting them not to gamble.

Jj would not lose it all in downtown vegas. He prefers the strip.

[brooks85]

Look it is a convention for people that have made certain levels. As someone that went to 17 straight conventions for production levels from a rival company. It isn't right that the agents are made to suffer for the incompetence of the company. One thing that people don't realize is that A.I.G. and Lloyds(sp) of London write all the insurance for casualty insurance for sea bearing companies. As far as the previous loan; everything that W gave out was a gift. If Obama gave it out then it has been paid back with a 12% interest.

chico showing how clueless he is as to what those "agents" were doing.


lol clueless but that is what makes you a liberal

[khicks26]

blah blah blah.

[grease lightnin]

chico showing how clueless he is as to what those "agents" were doing.


lol clueless but that is what makes you a liberal

What at were they doing, brooks?

[Snowball]

Thou dost not lend in usury to thy brother; usury of money, usury of food, usury of anything which is lent on usury.
To a stranger thou mayest lend in usury, and to thy brother thou dost not lend in usury, so that Jehovah thy God doth bless thee in every putting forth of thy hand on the land whither thou goest in to possess it.



Deuteronomy 23:19-20

[brooks85]

^that's my kind of answer


yes sir, those agents knew exactly what they were doing

[grease lightnin]

^that's my kind of answer


yes sir, those agents knew exactly what they were doing

Well, the agents in the article, the ones Chico was referring to, they are independent financial advisors. Lending typically is not a part of their business. They were being wined and dined by AIG to sell AIG annuities.

These "agents" aren't employees of AIG. You treated Chico as though he didn't know what he was talking about, but you are the one who doesn't know what they're talking about.

Chico was exactly right, and you were wrong.

[grease lightnin]

And just so you guys know. Lending is not what brought AIG down. They underwrote more credit default swaps than any other firm leading up to the financial crisis. In other words they insured a bunch of bonds that went bad and they had to pay big. Had nothing to do with lending.

[brooks85]

Well, the agents in the article, the ones Chico was referring to, they are independent financial advisors. Lending typically is not a part of their business. They were being wined and dined by AIG to sell AIG annuities.

These "agents" aren't employees of AIG. You treated Chico as though he didn't know what he was talking about, but you are the one who doesn't know what they're talking about.

Chico was exactly right, and you were wrong.

lol do you love coming up against me and failing every time? and I do mean every so far.



like I said, those agents knew exactly what they were doing. Maybe you don't know what an annuity is? Go brush up because you're the kind of sucker who would buy into one.

[Snowball]

The government got it back but the government is NOT the taxpayers.

[brooks85]

...

[grease lightnin]

lol do you love coming up against me and failing every time? and I do mean every so far.



like I said, those agents knew exactly what they were doing. Maybe you don't know what an annuity is? Go brush up because you're the kind of sucker who would buy into one.

What i said is 100% correct. 100%.

Either tell me me HOW I am wrong or STFU loser

[brooks85]

What i said is 100% correct. 100%.

Either tell me me HOW I am wrong or STFU loser

no, it is not. I just proved you wrong. Work on your reading. As I said, those agents knew exactly what they were doing.

Only a moron would buy into an annuity and only a POS would sell one. You lose, again. Good thing we didn't make another bet lol

[grease lightnin]

The government got it back but the government is NOT the taxpayers.

So you wrote a check to AIG, then?

[grease lightnin]

no, it is not. I just proved you wrong.

How Brooks? You said nothing

[brooks85]

How Brooks? You said nothing

yeah except for the part about only a pos would sell annuities and only suckers buy them.

[brooks85]

So you wrote a check to AIG, then?

do you know how taxes work?

[grease lightnin]

yeah except for the part about only a pos would sell annuities and only suckers buy them.

Almost all insurance companies sell annuities you nitwit.

And AIG's annuity business has absolutely nothing to do with why they failed.

And you had no idea that this conference had anything to do with annuities until I told you.

So transparent! Lmao

So, tell me why annuities are for suckers.

[brooks85]

Almost all insurance companies sell annuities you nitwit.

And AIG's annuity business has absolutely nothing to do with why they failed.

And you had no idea that this conference had anything to do with annuities until I told you.

So transparent! Lmao

So, tell me why annuities are for suckers.

do you think this somehow saves you?

no, it doesn't. It actually proves my point lol

only pos sell annuities and only suckers buy them, and there are a lot of suckers out there. Hey, grease.


lol like I said

[chico2663]

^that's my kind of answer

Dipshityes sir, those agents knew exactly what they were doing

God you are so clueless. If your an agent or a sale person you are so far from what the top does. You being a janitor has no clue what the principal is doing

[grease lightnin]

do you think this somehow saves you?

no, it doesn't. It actually proves my point lol

only pos sell annuities and only suckers buy them, and there are a lot of suckers out there. Hey, grease.


lol like I said

I have no idea why I am attempting to converse with you.

Tell me this:

Why are annuities bad?

What did annuities have to do with AIG's failure?

[Snowball]

So you wrote a check to AIG, then?

So you tap the government anytime you need a loan to bet ?
and without interest ? must be nice...

[grease lightnin]

God you are so clueless. If your an agent or a sale person you are so far from what the top does. You being a janitor has no clue what the principal is doing

He is literally the most assured idiot in the entire world

[chico2663]

do you think this somehow saves you?

no, it doesn't. It actually proves my point lol

only pos sell annuities and only suckers buy them, and there are a lot of suckers out there. Hey, grease.


lol like I said

Hey dumb ass . Do you have an ira? Individual retirement annuity?