[Inappropriate Laughter]

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.

I'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.

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) that they had already "saved" the taxpayer some $1.1 trillion, that no one else could do the job that these "talented" employees were doing. If you are willing to give away the store, anyone can unwind the book.

[oldtimer2]

I don’t know enough about these financial affairs but I know that if you only read the msm, everything looks not too bad. If however you follow the obscure journals and blogs, it looks very bad. I am becoming very frightened for our country.

[kidd]

You need to check out the time frame.
The execs were paid for work performed in 2008.

This article is about selling the farm in January and Februaray of 2009.

[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]

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