Pelican Parts Forums

Pelican Parts Forums (http://forums.pelicanparts.com/)
-   Off Topic Discussions (http://forums.pelicanparts.com/off-topic-discussions/)
-   -   The Big Takeover - AIG Bailout (http://forums.pelicanparts.com/off-topic-discussions/464119-big-takeover-aig-bailout.html)

Paul_Heery 03-20-2009 01:15 PM
The Big Takeover - AIG Bailout
 
Next month's Rolling Stone has an in-depth article regarding what happened at AIG including some interviews with people involved. It is a long read, but definitely worth it. Please be aware that it does contain a considerable amount of strong language.

The Big Takeover

pwd72s 03-20-2009 04:23 PM
Rolling Stone? It'll all be Bush's fault...but worry not, Obama is going to save us all.

red-beard 03-20-2009 04:28 PM
Yeah, RS is going to give a hard hitting unbiased article

Paul_Heery 03-20-2009 04:38 PM
Actually, there is only a fleeting mention of the Bush administration. The article lays the blame on Wall Street and Joseph Cassano in particular. A quote from the article:
Quote:
"These people need their trips to Baja, their spa treatments, their hand jobs," says an official involved in the AIG bailout, a serious look on his face, apparently not even half-kidding. "They don't function well without them."

p911dad 03-20-2009 04:48 PM
Go back to Eliot Spitzer(former NY AG, then former NY governor,aka client #7)(or was it #9?)(in France Eliot would have had hero status). AG Spitzer at one point had Hank Greenberg and the AIG board on the ropes as a real group of bad actors threatening the economy, but after massive fines, AIG got back under the radar for a time. Time enough to load up on crazy risk and now we have to bail them out again(and again, and again..) There is no redemption for these dudes.

Jim Richards 03-20-2009 04:53 PM
Quote:
Originally Posted by pwd72s (Post 4557351)
Rolling Stone? It'll all be Bush's fault...but worry not, Obama is going to save us all.
This political nonsense outside of PARF is getting old, Paul. Do you have difficulty discerning where you are? Tourette's?


All times are GMT -8. The time now is 03:09 AM.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2025, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2025 Pelican Parts, LLC - Posts may be archived for display on the Pelican Parts Website


DTO Garage Plus vBulletin Plugins by Drive Thru Online, Inc.