AIG: More Samurai Swords Please [Ticker]

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AIG: More Samurai Swords Please in forum [Ticker]

Genesis
Posts: 71432
Incept: 2007-06-26

KD^2

http://market-ticker.org/archives/874-AI....

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"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 10:14:39
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Aliveh
Posts: 2610
Incept: 2008-01-18

Los Angeles

High quality katana at a reasonable price can be purchased here:
http://www.mantisswords.com/forged_sword....

2009-03-17 10:22:17
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Straykitty
Posts: 8
Incept: 2008-07-23

My suggestion to all involved in the AIG bailout. Watch the movie "Ronin." There is a description of how to commit seppuku. Even I understood it. However, those who committed seppuku were motivated by a sense of honor. Not sure that applies in this situation...hmmm...

2009-03-17 10:25:25
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Alsace
Posts: 937
Incept: 2008-10-27

Bear says: Come Get Some!

Quote:

Bernanke and his merry band over at Treasury need to be strung up by their gonads.

Um, Karl, that's a assuming a lot isn't it??

I mean, i didn't think they actually had any.

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Via ova capitum dura est.

2009-03-17 10:26:01
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Bozonian
Posts: 14033
Incept: 2007-09-01

PFT - Pure F'n Tin

I don't know about you, but I want a new blade. I don't want someone else's goo on my suicide sword.

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I'm so depressed about outsourcing I called the suicide hotline and got a call center in Pakistan. They got all excited and asked me if I could drive a truck.

Everything I write is my opinion and not to be considered proven fact. Nothing I write should be considered financial advice.

2009-03-17 10:26:35
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Stonedog
Posts: 1105
Incept: 2008-05-29

New Jersey

Oh! Oh! Can we all contribute!

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"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 10:31:10
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Eternalblue
Posts: 4230
Incept: 2007-08-09

sokali
Online

Ill donate my ****tiest handgun to this cause

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my miniblog;

http://economicpsychosis.blogspot.com/

2009-03-17 10:40:10
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Bozonian
Posts: 14033
Incept: 2007-09-01

PFT - Pure F'n Tin

I have a drywall saw I could throw in for the CEO.

2009-03-17 10:41:51
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Genesis
Posts: 71432
Incept: 2007-06-26

KD^2

Hmmmmm (my Ryobi cordless sawzall would do this job, wouldn't it?)

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"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 10:44:02
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Berkleyreindeer
Posts: 560
Incept: 2008-07-22
Minneapolis , MN

certainly there is rooftop access in washington DC where they walk the plank to the sidewalk below

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It'll get worse. Just wait.

2009-03-17 10:49:16
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Stonedog
Posts: 1105
Incept: 2008-05-29

New Jersey

I don't know, DC buildings are too low due to the Capitol restriction. I think that the plank jump here in NYC would be more entertaining...

2009-03-17 10:50:55
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Alsace
Posts: 937
Incept: 2008-10-27

Bear says: Come Get Some!

If we gonna keep with the Japanese theme we could just have them do the Yakuza finger cutting off thing, televised.

But I'm liking the power tools.... Saws are fine, but what about one of these:

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Via ova capitum dura est.

2009-03-17 10:53:06
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Genesis
Posts: 71432
Incept: 2007-06-26

KD^2

MMmmmmm cut-off wheels! Cool!

One finger at a time.

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"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 10:53:33
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Curbyourrisk
Posts: 1891
Incept: 2008-08-19
Long Island, New York

Quote:

Hmmmmm (my Ryobi cordless sawzall would do this job, wouldn't it?)

I have been working in the yard a lot lately and have been using my sawzall to cut roots on some tree stumps I am removing. Jagged and bent and full of dirt. You may borrow some of my blades Mr. Genesis.

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Hopium: hope filled delirium preached by the White House and Swallowed whole by the American Sheeple.
Why is Franklin Raines a free man?
"We saved the world from disaster" - Ben Bernanke - Jackson Hole 08/21/2009

2009-03-17 10:56:03
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Berkleyreindeer
Posts: 560
Incept: 2008-07-22
Minneapolis , MN

aren't these guys located in london?
maybe the washington plank should be replaced with locking them in a tube tunnel after being painted in peanut butter. let the underground squirrels have their way.

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It'll get worse. Just wait.

2009-03-17 10:59:26
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Weezie
Posts: 3601
Incept: 2008-05-19

Obama's personal message to the American people...

My goodness you guys are wasteful.

Just get a decent drill with a 1/4" bit and plow them right between the eyes.

Then the heart and lungs are working so you get fresh organs to harvest. I mean, AIG has this big notice on their home page on how they want to "Pay back Taxpayers." Well, ****, let's start with this idea.

And then take their "bonus" money and use it to seed a one-time lottery fund. People pay $1 / chance with half going to the winner and half back directly to the Treasury (not to be "reused").

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Do not write below this line.

2009-03-17 11:31:14
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Tm22721
Posts: 516
Incept: 2008-01-09

Recoup the costs with a blockbuster movie "Saw 6".

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Joe Terranova: "I'm long Amazon...once it goes above 90 it gets to 100...it's that old 9-10 thing. Once you get above the 9 it always goes to 10."

Tim Seymour: "Once it gets to the 8 it goes to the 7 and then the 6..."

2009-03-17 12:12:37
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Berkleyreindeer
Posts: 560
Incept: 2008-07-22
Minneapolis , MN

pass a law barring the treasury, fed, and any agency that received money through TARP from opening any new transactions with AIG. Give them a one time only 5% haircut to close out these transactions. for tomorrow, AIG is getting a taxpayer capital call.

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It'll get worse. Just wait.

2009-03-17 13:02:26
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Alanha
Posts: 2087
Incept: 2008-12-30

Tie 'em all to a nice, big log and feed 'em in feet-first.

2009-03-17 13:02:45
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Treebeard056
Posts: 198
Incept: 2009-01-31

leatherface would do the job

Hey, what'ts the code to insert an image like Alsace did?

Last modified: 2009-03-17 13:31:54 by treebeard056

2009-03-17 13:19:53
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Centuryhouse
Posts: 46
Incept: 2009-03-06
Texas

I'd like to hear more about why we should be mad at the guys getting their bonuses?

People tend to play to the legal limit of the rules, and if they didn't break laws and are contractually owed a bonus then it would make sense to me that they get one.

If the bailout had provided that as a result they had to agree NOT to take bonuses, then...it would be a different story.

I just can't shake the feeling that the politicians WANT us mad at the executives and are trying to redirect our anger & miscontent away from themselves. I'm more upset at the politicians - if the businessmen in question broke a law, send them to prison, but if not then let them have their bonus if that's what the contract says.

ETA: if shareholders don't like being ripped off by giving such big bonuses, can't they use their ownership in the company to insist on this?

I am not as "in the know" as many of you, so I'd value your reasoning on the subject. If I'm totally wrong because I'm missing facts or insight, please fill me in!

Last modified: 2009-03-17 13:32:31 by centuryhouse

2009-03-17 13:31:16
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Berkleyreindeer
Posts: 560
Incept: 2008-07-22
Minneapolis , MN

100% tax on some bonuses. I love this idea. wait a minute, I wrote about this option weeks ago. what took them so long!?!

only problem a lot of the employees are brit's and other assorted interantionals in london. maybe even cheese eating surrender monkeys with big calculators...
the americans will lose out, they won't. but it's definitely a step in the right direction

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It'll get worse. Just wait.

Last modified: 2009-03-17 13:33:44 by berkleyreindeer
Reason: more info

2009-03-17 13:32:25
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Mj71
Posts: 26
Incept: 2009-03-14

Berkleyreindeer wrote..

certainly there is rooftop access in washington DC where they walk the plank to the sidewalk below

Thus coining a new market term: "Dead Douche Bounce"

2009-03-17 13:33:05
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Centuryhouse
Posts: 46
Incept: 2009-03-06
Texas

AFTER my last post, I just read one of the Monday write ups that I'd missed. If this 'third alternative' proves correct, then I'd most certainly revise my opinion on the bonus awards!

ETA:
http://www.washingtonpost.com/wp-dyn/con....

Quote:

The payment plan had been no secret.

Beginning in the first quarter of 2008, AIG disclosed the plan to offer retention awards at Financial Products. The unit had already begun to hemorrhage money, a problem that would later grow exponentially. The unit's executives, fearing they might lose valuable employees in the tumultuous months to come, successfully negotiated more than $400 million for their workers, to be paid this month and again next year.

Also interesting, and more of the reason I'm ****ed at the politicians more than the businessmen (those who didn't break laws at least):

http://www.foxbusiness.com/story/markets....

Quote:

While the Senate was constructing the $787 billion stimulus last month, Dodd added an executive-compensation restriction to the bill. That amendment provides an �exception for contractually obligated bonuses agreed on before Feb. 11, 2009� -- which exempts the very AIG bonuses Dodd and others are now seeking to tax.

The amendment made it into the final version of the bill, and is law.

Separately, Sen. Dodd was AIG�s largest single recipient of campaign donations during the 2008 election cycle with $103,100

Last modified: 2009-03-17 13:51:06 by centuryhouse
Reason: to add link

2009-03-17 13:35:46
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Icanhasbailout
Posts: 2170
Incept: 2009-03-10

Imaginationland

Here are some questions that need to be answered:

1) Given the performance of AIG as a company and the Financial Products in particular, how can any bonus be warranted, especially among the latter group?

2) Who the hell writes contracts that award bonus money to people who destroy the financial viability of your company?

3) Since the rules already changed with government intervention, what claim do the contractees have that the rules that benefit them should be maintained?

4) Does a single damned person at AIG understand that any money they take as bonuses/other rewards comes from the taxpayer and is wholly undeserved no matter what quality performance that individual may have produced?

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I can has TARP? http://icanhastarp.com

2009-03-17 14:06:14
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