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| User Info | AIG Derivatives Guys: Just Do It (Seppuku) in forum [Ticker] | |||
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Genesis Posts: 71432 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/876-AI....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-03-17 13:42:05
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Stonedog Posts: 1105 Incept: 2008-05-29
New Jersey
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5 tickers since this morning... You make it impossible to keep up, dude... But I love your solution to their problem.. ---------- "F**k CNBS, CONgress, Obama, the Democrats, the Republicans, the ratings agencies, the Banksters, the Fed, the FASB, all the government regulatory agencies, the Trilateral Commission, the Council of Foreign Relations, the G whatever, the UN, and any other bastard or big corporate interest that has a fingerprint on this
2009-03-17 14:02:15
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Berkleyreindeer Posts: 560 Incept: 2008-07-22 Minneapolis , MN
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senior managers are quitting. now to make sure the parachute is not packed properly.
---------- It'll get worse. Just wait. Last modified:
2009-03-17 14:40:45 by berkleyreindeer
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Icanhasbailout Posts: 2170 Incept: 2009-03-10
Imaginationland
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Ideally, none of those guys will be able to find another job anywhere.
---------- I can has TARP? http://icanhastarp.com
2009-03-17 14:41:54
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Alsace Posts: 937 Incept: 2008-10-27 
Bear says: Come Get Some!
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domo arigato, Tickerguyboto
---------- Via ova capitum dura est.
2009-03-17 14:46:07
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Perfectstorm Posts: 188 Incept: 2008-02-25
florida
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Liddy called the bonuses "retention". Can the aholes take them and resign? That would be fuel on the fire.
2009-03-17 14:49:15
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Berkleyreindeer Posts: 560 Incept: 2008-07-22 Minneapolis , MN
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power to the people. ring fence every major AIG building with pitchforks. make 'em file because they can't get to the computer terminals to conduct business. what's barry gonna do, sick the national guard on the unemployed taxpayers trying to take back their own property? civil nonviolence is such a wonderful thing. I'd prefer that to sledgehammer meets BMW, which is the obvious next step ---------- It'll get worse. Just wait. Last modified:
2009-03-17 15:00:55 by berkleyreindeer
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Maple Posts: 4461 Incept: 2007-09-03
Southern California
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EDIT: Kanji script turned the background of this post lime green.  Deleted.2ND EDIT: It's Irish green, and had nothing to do with the Kanji script. Erin go braless! Last modified:
2009-03-17 15:03:28 by maple
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Eli Posts: 3844 Incept: 2007-09-10 
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Perfect storm Cuommo said he has identified 12 people who are leaving and received million dollar bonuses. AIG is going to need more guards.
2009-03-17 15:25:07
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Berkleyreindeer Posts: 560 Incept: 2008-07-22 Minneapolis , MN
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maybe we should properly incent the AIG traders to wind down all these trades by giving them a 1 time only, 2009 tax cut. if you close out the positions in 2009, you don't pay tax on your income.
---------- It'll get worse. Just wait.
2009-03-17 15:27:24
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Moroni Posts: 1885 Incept: 2008-12-03 New York, NY
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The anger out there regarding the AIG bailouts is real. More pure indignation and anger than what was felt when the housing bailout plan was floated - the one that Santelli spoke on. I barely heard anyone outside of the trading community speak about Santelli, but the AIG bonus issue is something I hear from people who probably never heard of the company 6 months ago. ---------- "Those institutions and individuals who insist upon clinging to the dying past will wither with it. Those who understand the death process will not mourn the passing of the old, but instead celebrate the birth of the new paradigm." - Gerald Celente, Trends Journal Q12010, Page 20
2009-03-17 15:43:18
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Perfectstorm Posts: 188 Incept: 2008-02-25
florida
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Thanks Eli...I'll volunteer to guard them. Fraudulent bastards. I think a few bengal tigers would do the clawing back for me.
2009-03-17 15:50:40
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Alanha Posts: 2087 Incept: 2008-12-30
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Interesting bits: http://www.antique-swords.net/antique-sw.... Seppuku was committed with a tantō (Japanese word for dagger). After the disgraced samurai stabbed himself in the abdomen, his ceremonial assistant would decapitate him with a katana.
2009-03-17 16:48:00
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Stsager Posts: 1 Incept: 2009-03-15 Boston
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2 ways to get the bonuses back - 1) have congress institute a one time only tax of 90% on bonuses over $250,000 paid during 2009 (never a good policy to encourage the government to tax - but it will get the bonuses back in the taxpayer's hands); and/or 2) change your insurance carrier so you are not doing business with AIG directly or indirectly (hard to do and will result in a huge loss for the taxpayer - but we already lost that investment)
2009-03-17 17:56:16
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Berkleyreindeer Posts: 560 Incept: 2008-07-22 Minneapolis , MN
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best way to get them back is to put the whole company into runoff and hope for the best. the bonus recipients can wait until the runoff is almost complete. CDS are 5 years usually. they can wait 60 months. and here's an interesting thought: what would the US be saying if the black hole was a french or german insurer? would we be trying to collect every dime? settling for 95 cents on the dollar for these "in the money" contracts? would we thumb the germans and tell them to take it? would we tell the french to BK their crown jewel? would the french be throwing cobblestones? ---------- It'll get worse. Just wait.
2009-03-17 18:06:56
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Hihoherewego Posts: 595 Incept: 2009-02-25
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Are you sitting down? Ya gotta read this.................... http://www.businessinsider.com/henry-blo.... "There's chutzpah and then there's thievery. You can have chutzpah without the thievery but never ever thievery without the chutzpah." Anonymous
2009-03-17 19:03:14
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Aaron Posts: 717 Incept: 2007-11-27 Los Angeles
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Seppuku would be appropriate after they bukkake'd all over this country.
---------- Now with 32-percent more trash-talk.
2009-03-17 19:22:09
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Nanna Posts: 2630 Incept: 2008-01-20 NY State
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Perhaps a more functional remedy would be to tell those who aren't retained yet received "retention bonuses" to return the $$ or face criminal charges for fraud. (Better than Schumer making tax code on the fly, and more practical than throwing down, JMO.) N/
2009-03-17 19:57:03
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Strfish7 Posts: 4 Incept: 2008-11-20 Texas
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Seppuku, to my understanding, is for people with honor, unfortunately. Good suggestion, though.
2009-03-17 20:35:24
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Mightydog Posts: 907 Incept: 2007-08-07
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christ Aaron -- that's an image I just didn't need... I guess I was wrong all these years -- I thought proper seppuku was to attempt to cut a complete circle in your abdomen and this was a measure of how much honor you "regained." Regardless, I'm glad to see some semblance of pitchfork honing, it's about damned time but maybe there is hope... C'Mon America, Wake-up: you're being lied to. Emmergence from REM sleep is beginning...
2009-03-17 23:02:27
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Themortgagedude Posts: 3930 Incept: 2007-12-17
saint louis
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I'm not so ****ed at the AIG guys. You get what you can get. It is shameful but I understand it. Turbo is the guy I'm ****ed at. Charlie Gasparino was right about this. He was either complicit or incompetent. He's gotta go.
---------- "These are interesting times. We don't trust the government, we don't trust the legal system, we don't trust the media, and we don't trust each other! We've undermined all authority, and with it, the basis for replacing it! It's like a six-year-old's dream come true!"
2009-03-17 23:20:13
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Reza30 Posts: 233 Incept: 2009-02-15
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Karl, I doubt these AIG guys will have to take your advice on "Seppuku" (even though I would help you pay for the knife). The Dirty Dozen Top recipients of AIG bribes: Name Office Total Contributions Dodd, Chris (D-CT) Senate $103,100 Obama, Barack (D-IL) Senate $101,332 McCain, John (R-AZ) Senate $59,499 Clinton, Hillary (D-NY) Senate $35,965 Baucus, Max (D-MT) Senate $24,750 Romney, Mitt (R) Pres $20,850 Biden, Joseph R Jr (D-DE) Senate $19,975 Larson, John B (D-CT) House $19,750 Sununu, John E (R-NH) Senate $18,500 Giuliani, Rudolph W (R) Pres $13,200 Kanjorski, Paul E (D-PA) House $12,000 Durbin, Dick (D-IL) Senate $11,000 http://www.opensecrets.org/orgs/recips.p.... Last modified:
2009-03-17 23:30:50 by reza30
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Berkleyreindeer Posts: 560 Incept: 2008-07-22 Minneapolis , MN
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from what I can gather by not paying attention too closely: geithner is guilty as sin and should be burned at the stake Dodd is equally guilty as sin should be pressed with rocks bernanke should be driven from office by a mob with pitchforks frank is an idiot (but hasn't done anything deliberately wrong) obama is the worst judge of character since Ulysses S Grant McCain is useless Schumer is a blowhard who who loves to **** people off...he should tell eithner to stand down "as a disgrace to the office" and I hate to say this, but I actually was impressed by Rangel for the first time in my life today. He said the tax code should not a weapon / slippery slope argument. AIG is a tar baby: and she's puckering up again. however: we may not have any more bailouts since this fiasco, so maybe we should look on the bright side of this ****storm...we might not fund any more. ---------- It'll get worse. Just wait. Last modified:
2009-03-17 23:45:31 by berkleyreindeer
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Laura Posts: 3153 Incept: 2008-05-05
Florida Space Coast
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uh Berkley, if it's as big and as convoluted as some have supposed - then, AIG is enough to send us over the cliff - we won't need any more bailouts to finish us off. I'm still all for draining the swamp and seeing what's what anyway. ---------- Karl's just a shill for Big Math. 1LumpSum Honey, where's the AK ? Tyler Durden My Ford focus can get me from point A to point B just as good Tigger's Cadillac. And my back door window is not broken. Mliu
2009-03-18 00:22:55
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Berkleyreindeer Posts: 560 Incept: 2008-07-22 Minneapolis , MN
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not the way I see it. The reson AIG was drained of funds was to post collateral in the amount they were underwater on the contracts. should be a minimal disruption when they sink beneath the waves. besides, everyone except the idiots running money markets must have quantified their exposure and done something about it by now. let's be honest here, AIG hired armed guards at their HQ. GS, BAC and Duetsche must have made contingency plans by now. ---------- It'll get worse. Just wait.
2009-03-18 00:28:20
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