I have been working too much and not able to blog as near as much as I want right now....I am working because I am trying to save money for 6-6 to go to Film School and to move so he can go to Film School...that is what makes me work at a place that has no heat ....and keep going....that being said...I have been reading and keeping up on the news...so here are some Thoughts..as I work in the Freezing Cold bundled up with my hood and fingerless gloves THIS is what I think about......
( scroll down there is more....Torture, Cramer and other tidbits...I have a Church Story coming out tomorrow...)
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THOUGHTS ON AIG and Maddoff and more....( and they ain't pretty)...
I have Some Questions ....
(1) HOW can they reward themselves for being Failures and give themselves Bonuses ? They claim they have Contracts Allowing them this under TARP- that was with Paulson in 2008 under Bush....Has Anyone ever seen this Contract ? Can the American Public Please see that Contract Since it is OUR Money ? Millions that could be used to House Millions and feed them and assist them with Job training......etc etc....MILLIONS....
(2) Anywhere I have ever worked people that failed and did not meet expectations were FIRED ...period. But Bonuses ? !!!
(3) Are they really rewarding Bonuses ? Or is it really HUSH Money ?What and WHY is it being paid ? and WHY was it even put in the Contracts when the Company was in such HUGE trouble this fall... Obama is not happy at all.....and is speaking out about it.....
(4) So another question I have, AIG supposedly insures Retirement Pension Plans for Government Workers, I also read recently that Maddoff had invested for many Retirement Pension Plan Programs- and the Details of that have never been made public....So I am wondering did AIG use Maddoff or have ANY connections to his Investment Company ? Someone Should ask this Question and ask it soon...
(5) About the Bonuses.....and the CEO's ( since we are already speaking of Maddoff Scum...) I wonder Where is their Money ? Where did they sock it ? Is it in Swiss Bank Accounts ? ( is Maddoff on that List too ? ) 46,000 People from America on are on THAT Secret List...and they owe taxes....but more importantly WHY would Americans NEED to sock their money in secret Swiss Accounts.....Nazi's were amoung the first to Hide their Money and riches in Swiss Accounts....Criminals...
(6) Before AIG gets any more money....shouldn't it be investigated and the downfall tracked...so it does not ever happen again????
(7) And WHY should the AIG get "Bonuses " ? Corporate Thugs that are raping and pillaging us, the working folks, yeah- there should be a Place In Hell for them.....instead I am working my fingers to the bone..in the Cold for them ????to what Buy a Place in the Damn Sun ? I think not....
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Eve Update:::
Well, Well....Newsguy down below has an Excellent Idea....if you are insured with AIG, and do Check if you are- Cancel- and go with Someone Else....BOYCOTT AIG....yeah....and be Vocal about it ...Post and Blog about it and write Huffpo...and don't forget the Head AIG Prick is on Capital Hill on for Hearings on Wednesday....do Watch...
( and here's A Question I have.... Bernanke on 60 Minutes on Sunday kept calling the Federal Treasury...." a Private Institution"...WTH??? so here is My Question - Is IT a "Private Institution " ? cuz I thought that it was not.....)
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Click title for Robert Reich's article about AIG....
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Tuesday 3.17.09 Update::
And still it unravels further and it get's more disgusting about how many Employees were to get Millions in Bonuses.....
14 comments:
Great post only next time lady don't hold back. and while working your cold fingers to the bone be assured you are making a difference. with what you write and all who read you!!
I wake up every day and with hopeful anticipation expect to see the words INDICTMENTS and Subpoenas served on thousands of bankers........and wall street goons, still waiting, but not losing hope ......YET.....
Our team needs to ratchet up the indignation across the board.....
seriously...
thanks fellas...
we need to get Angry...all of us..our Country is STILL being raped and pillaged by these Greedy bastards....
( thanks Tango- that is me being kind....believe me..)
;-)
There is one thing we can do to express our outrage. My car insurance is through AIG. I have left links to their official Comment Page on my blog. If you have car insurance thru AIG or not, leave a comment for these sleazeballs.
I have already called my insurance broker and told him I want to deal with a company NOT affiliated with AIG. And I told AIG that I have done this. My note began with the salutation: Screw You, AIG.
BTW, Nurse, I sure hope 6'6" fully appreciates what you are doing.
Go get'em Enigma!
I am sorry to hear you are working so hard in such uncomfortable conditions.
But take heart, I hear there is something called "summer" headed our way. I hear it is a magical season that quite literally warms the flesh and brightens the spirit.
Oh could such fantasy truly exist?
Gman....
I am not a cold weather person ( people with heart and thyroid troubles rarely are...) I am sure it will warm up....and I will continue working for the People that think we don't need Heat....cuz I need the money...( but I am going to Job Fairs in April- you bet...) about summer...yeah- one day....
thanks...
Newsguy:::
I posted your idea- excellent.....yeah....Boycott the Fuckers...( sorry but that is what they are)..and yeah, 6-6 understands....he is putting off college for one year so that there is $$$$ for college- he knows and understands how bad the financial situation is in this country...he gets IT....
I want to see some of those "bonus" contracts, too! They are not likely to be all the same, but a representative sample (names redacted) will probably show some wording about the bonus not being a reflection of any one thing. In other words, as long as the exec in question showed up for work, it didn't matter about his performance or the company's performance, that their bonus was not tied to the company's profits. Nice deal, hunh?
And yeah, WHERE is that Swiss Bank Account list? Wasn't it promised to be made public weeks ago?
Now about Treasury being a private institution, I don't know what Bernanke meant, unless he meant it is something like the post office. But it is called the Treasury DEPARTMENT which says federal to me, but what do I know?
ps, no heat yet? WTF is going on?
hey dk....
yeah.....the bonuses were set up for what??? reward for showing up ? being there ? what....I tell ya - it's hush money....
about heat...I think it is to save money....the heat is on in the Boss's office...that is all I am saying....( if it is broken I think we would have seen some workmen right???)
AMICA is a GREAT insurance company.
thanks walking man.....good to know...
AIG does not insure Government Pensions.. not as far as I have seen or know of anyway... Dad got one and that's what mom gets and there is nothing from AIG in any of her papers nor in the insurance policies dad had.
Just wanted to clear that up for you... I am not sure about the Paulson connection.. I still have to think he knew about all of this and left it in place as a way to insure that Goldman Sacs got money funneled to them, along with the other banks that got money in the first round of bail outs paid to AIG. I think that's where the problem lays is with him, he then buried it all so no one would know about it until it was too late.
This Liddy was hand picked to take over the company later. Geithner, when he found out about these bonuses stepped in and called Liddy and told him it wasn't going to fly.. instead of 260 million, the bonuses were cut down to 130 million or whatever it was.. At least he got it down that far. This is to the London branch of AIG and that's part of the problem with being able to break the contracts.. They are still negotiating them..and hopefully tomorrow Liddy will give some good answers on Capitol Hill.
I didn't see (video or transcript) the quote you mention - but the FEDERAL RESERVE is not a government agency. I believe the Department of the Treasury still is, however.
sewmouse:::
it was on the video, that I saw posted somewhere...it was just one sentence- it bothered and boggled me...I am only asking because I sometimes feel like some of these govt headhogs run things like a Private Business- and that is why even though they are govt agencies and dept's the Transparency just isn't there....
Annette::
about AIG and the pensions- I am not sure how many they insure - or only certain pensions and certain states....I had seen it discussed on cspan and also on CNBC ( not that that means much) and read it a couple of places - but I have not been able to find the details like which pensions and Fed vs State....so I don't think it is ALL govt jobs- only some....but it would be nice to know which....and How Much...
About Paulson- yeah- I think that some of this would be about making sure Some get Some goodies...( cough...like Goldman Buddies ???)
and yeah, I will be watching liddy tomorrow....what a mess eh ? I really wonder HOW the contracts were written- were they written to get bonuses Even if they failed ????I wonder....
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