The Big Takeover - AIG Bailout

[Paul_Heery]

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]

Rolling Stone? It'll all be Bush's fault...but worry not, Obama is going to save us all.

[red-beard]

Yeah, RS is going to give a hard hitting unbiased article

[Paul_Heery]

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:

"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]

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]

Originally Posted by pwd72s

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?