AIG was responsible for the banks January and February profitability

Zero Hedge blog ^ | March 29, 2009 | Tyler Durden

[Travis McGee]

I don’t believe it’s true. JDM went in for “routine” bypass surgery, with the complete expectation of many more years ahead of him. But he was one of that unlucky % the consent form warns you about.

A shame. I’d love to get his take on today’s world. He was a very wise man.

[Travis McGee]

PS, he had not stopped writing. He had pretty much wound up T. McGee’s character with “The Lonely Silver Rain,” where he discovers and reconciles with an unknownd daughter, the offspring of an old girlfriend who had died. JDM was increasingly moving away from TM, with more and more years between TM novels. The fictional salvage expert was too long in the tooth, thought JDM, for bare knuckle brawling and womanizing on the Busted Flush. The Lonely Silver Rain was TM’s swan song, but not the end of JDM’s writing. He wrote three times as many non-TM novels as TM novels, and was going to continue at that writing.

[Betis70]

Ping, not sure what all this means (pretty high on the jargon-o-meter), but it sure sounds like AIG is being used as the Gov’t to Bank laundering scheme.

[pointsal]

How about water-boarding these scheming rascals?
When will the truth come out?

[ken21]

wow!

just in time to inflate the el presidente.

[nyconse]

Very true...what have they done but pay foreign banks 100% while stiffing Countrywide and other American companies...they are scum...at AIG.

[dennisw]

Doom n gloom ping list

[dennisw]

Thank you for posting this oldtimer2, I was wondering how AIG-FP was unwinding their portfolio, and suspected that it was not on the best of terms; per AIG's 2008 10-K AIG-FP lost $41 BILLION dollars. I will be fun to read the Q1 10-Q. The 400 plus AIG-FP employees have been paid about $500,000 each (on average) in bonuses, which led to the recent hue and cry, and attempts to tax away these bonuses.

Goldman Sacks just got 13 billion for AIG swaps
Goldman is claiming they were fully hedged on those swaps
Then why was Goldman Sachs given even one thin dime?

Paulson and Tim Guithner are/were hard wired into these decisions and gave away these billions to their crony capitalist friends. We have a crony capitalist oligarchy just like Russia, Philippines, Indonesia and other crappy 3rd world nations

've been wondering whether or not is was really necessary to pay these guys (the guys who caused AIG's September liquidity crisis) this much money to unwind the book and I wondered how good a job they were doing; and the answer seems to be, not a very good job.

For months the rumor was that Goldman was a major beneficary of AIG bailouts. This rumor turns out to be true

In the AIG bonus scandal threads most posters here seemed think that these guys were being unfairly picked upon, that they were Ayn Rand heroes, (Ayn Rand heroes who made 66% of their political contributions to Democrats in the last election cycle)

Hank Reardon was in industrialist! He made useful tangible items. He was not a parasite which is what our financial sector has morphed into. As parasitical as the bloated Federal Gov't in DC

******  Hank Reardon is Ayn Rand's hero in Atlas Shrugged

[dennisw]

Zero hedge is a good website