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	<title>Comments on: AIG Contracts a Brain Freeze</title>
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	<link>http://www.noquarterusa.net/blog/2009/03/18/aig-contracts-a-brain-freeze/</link>
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		<title>By: Obama&#8217;s Contributors &#124; Doug Jumper</title>
		<link>http://www.noquarterusa.net/blog/2009/03/18/aig-contracts-a-brain-freeze/#comment-1165321</link>
		<dc:creator>Obama&#8217;s Contributors &#124; Doug Jumper</dc:creator>
		<pubDate>Wed, 25 Mar 2009 19:45:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=17797#comment-1165321</guid>
		<description>[...] on the recent AIG/Dodd stuff, “Listen To Your Aunt Susan.” There is also Larry Doyle’s, “AIG Contracts A Brain Freeze,” are just a couple of other articles at No Quarter on the AIG [...]</description>
		<content:encoded><![CDATA[<p>[...] on the recent AIG/Dodd stuff, “Listen To Your Aunt Susan.” There is also Larry Doyle’s, “AIG Contracts A Brain Freeze,” are just a couple of other articles at No Quarter on the AIG [...]</p>
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		<title>By: Tommy will standand fight ..down with the main stream media</title>
		<link>http://www.noquarterusa.net/blog/2009/03/18/aig-contracts-a-brain-freeze/#comment-1160514</link>
		<dc:creator>Tommy will standand fight ..down with the main stream media</dc:creator>
		<pubDate>Thu, 19 Mar 2009 01:08:07 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=17797#comment-1160514</guid>
		<description>Please listen and sent it out. The people of America MUST KNOW THIS!!
This just in -

http://www.worldviewradio.com/play.php?EpisodeID=11125

OBAMA&#039;S DOCUMENTED TIES
TO COERCIONIST
ORGANIZATIONS &amp; INDIVIDUALS

From New Zealand -

Mr. Trevor Loudon, a gentleman in New Zealand, has extensively referenced and documented Obama&#039;s ties to coercionist organizations. As Mr. Loudon explains in a recent radio interview (see link below), he is concerned about America because ultimately New Zealand&#039;s freedom depends upon America&#039;s freedom.

The original message describing Mr. Loudon&#039;s sixty-nine documents regarding Obama was sent by Mr. Richard O&#039;Leary in the following message:


A dear friend of mine in Austrailia sent me this link to a radio broadcast
about Barack Obama&#039;s past. We need to distribute this material to every
person we know. As you will soon learn, Obama is A VERY DANGEROUS
MAN! More dangerous than anyone knows, except a few select individuals.

http://www.worldviewradio.com:80/play.php?EpisodeID=11125

It is unbelievable that Obama was able to supress this information, but he
did, with the assistance of the American press. I&#039;ve known Obama was a
hard core coercionist, but I had no idea that he was this evil. I take almost
everything I hear about anyone with a grain of salt, but the evidence in this
matter is irrefutable.
Please listen and sent it out. The people of America MUST KNOW THIS!!
OBAMA&#039;S DOCUMENTED TIES
TO COERCIONIST
ORGANIZATIONS &amp; INDIVIDUALS

From New Zealand -

Mr. Trevor Loudon, a gentleman in New Zealand, has extensively referenced and documented Obama&#039;s ties to coercionist organizations. As Mr. Loudon explains in a recent radio interview (see link below), he is concerned about America because ultimately New Zealand&#039;s freedom depends upon America&#039;s freedom.

The original message describing Mr. Loudon&#039;s sixty-nine documents regarding Obama was sent by Mr. Richard O&#039;Leary in the following message:


A dear friend of mine in Austrailia sent me this link to a radio broadcast
about Barack Obama&#039;s past. We need to distribute this material to every
person we know. As you will soon learn, Obama is A VERY DANGEROUS
MAN! More dangerous than anyone knows, except a few select individuals.

http://www.worldviewradio.com:80/play.php?EpisodeID=11125

It is unbelievable that Obama was able to supress this information, but he
did, with the assistance of the American press. I&#039;ve known Obama was a
hard core coercionist, but I had no idea that he was this evil. I take almost
everything I hear about anyone with a grain of salt, but the evidence in this
matter is irrefutable.
Please listen and sent it out. The people of America MUST KNOW THIS!!


Maybe even send it to senator-congress- anyone-
-</description>
		<content:encoded><![CDATA[<p>Please listen and sent it out. The people of America MUST KNOW THIS!!<br />
This just in -</p>
<p><a href="http://www.worldviewradio.com/play.php?EpisodeID=11125" rel="nofollow">http://www.worldviewradio.com/play.php?EpisodeID=11125</a></p>
<p>OBAMA&#8217;S DOCUMENTED TIES<br />
TO COERCIONIST<br />
ORGANIZATIONS &amp; INDIVIDUALS</p>
<p>From New Zealand -</p>
<p>Mr. Trevor Loudon, a gentleman in New Zealand, has extensively referenced and documented Obama&#8217;s ties to coercionist organizations. As Mr. Loudon explains in a recent radio interview (see link below), he is concerned about America because ultimately New Zealand&#8217;s freedom depends upon America&#8217;s freedom.</p>
<p>The original message describing Mr. Loudon&#8217;s sixty-nine documents regarding Obama was sent by Mr. Richard O&#8217;Leary in the following message:</p>
<p>A dear friend of mine in Austrailia sent me this link to a radio broadcast<br />
about Barack Obama&#8217;s past. We need to distribute this material to every<br />
person we know. As you will soon learn, Obama is A VERY DANGEROUS<br />
MAN! More dangerous than anyone knows, except a few select individuals.</p>
<p><a href="http://www.worldviewradio.com:80/play.php?EpisodeID=11125" rel="nofollow">http://www.worldviewradio.com:80/play.php?EpisodeID=11125</a></p>
<p>It is unbelievable that Obama was able to supress this information, but he<br />
did, with the assistance of the American press. I&#8217;ve known Obama was a<br />
hard core coercionist, but I had no idea that he was this evil. I take almost<br />
everything I hear about anyone with a grain of salt, but the evidence in this<br />
matter is irrefutable.<br />
Please listen and sent it out. The people of America MUST KNOW THIS!!<br />
OBAMA&#8217;S DOCUMENTED TIES<br />
TO COERCIONIST<br />
ORGANIZATIONS &amp; INDIVIDUALS</p>
<p>From New Zealand -</p>
<p>Mr. Trevor Loudon, a gentleman in New Zealand, has extensively referenced and documented Obama&#8217;s ties to coercionist organizations. As Mr. Loudon explains in a recent radio interview (see link below), he is concerned about America because ultimately New Zealand&#8217;s freedom depends upon America&#8217;s freedom.</p>
<p>The original message describing Mr. Loudon&#8217;s sixty-nine documents regarding Obama was sent by Mr. Richard O&#8217;Leary in the following message:</p>
<p>A dear friend of mine in Austrailia sent me this link to a radio broadcast<br />
about Barack Obama&#8217;s past. We need to distribute this material to every<br />
person we know. As you will soon learn, Obama is A VERY DANGEROUS<br />
MAN! More dangerous than anyone knows, except a few select individuals.</p>
<p><a href="http://www.worldviewradio.com:80/play.php?EpisodeID=11125" rel="nofollow">http://www.worldviewradio.com:80/play.php?EpisodeID=11125</a></p>
<p>It is unbelievable that Obama was able to supress this information, but he<br />
did, with the assistance of the American press. I&#8217;ve known Obama was a<br />
hard core coercionist, but I had no idea that he was this evil. I take almost<br />
everything I hear about anyone with a grain of salt, but the evidence in this<br />
matter is irrefutable.<br />
Please listen and sent it out. The people of America MUST KNOW THIS!!</p>
<p>Maybe even send it to senator-congress- anyone-<br />
-</p>
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		<title>By: Doc99</title>
		<link>http://www.noquarterusa.net/blog/2009/03/18/aig-contracts-a-brain-freeze/#comment-1160415</link>
		<dc:creator>Doc99</dc:creator>
		<pubDate>Wed, 18 Mar 2009 22:11:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=17797#comment-1160415</guid>
		<description>Update: Sen. Chris Dodd (D-Countrywide): &lt;a href=&quot;http://politicalticker.blogs.cnn.com/2009/03/18/breaking-i-was-responsible-for-bonus-loophole-says-dodd/&quot; rel=&quot;nofollow&quot;&gt; &quot;I was responsible for bonus loophole.&quot;&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p>Update: Sen. Chris Dodd (D-Countrywide): <a href="http://politicalticker.blogs.cnn.com/2009/03/18/breaking-i-was-responsible-for-bonus-loophole-says-dodd/" rel="nofollow"> &#8220;I was responsible for bonus loophole.&#8221;</a></p>
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		<title>By: Docelder</title>
		<link>http://www.noquarterusa.net/blog/2009/03/18/aig-contracts-a-brain-freeze/#comment-1160340</link>
		<dc:creator>Docelder</dc:creator>
		<pubDate>Wed, 18 Mar 2009 20:10:39 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=17797#comment-1160340</guid>
		<description>&lt;blockquote&gt;some of the same people who did the initial looting are still part of that system&lt;/blockquote&gt;Under the pretext that they are the only ones who could understand it... when maybe nobody fully understands it to begin with. The whole derivatives mess should had been allowed to die it&#039;s own miserable death and come back from bankruptcy if it was worthy of it. The whole concept that the government can operate this sham any better than AIG is inane to begin with.</description>
		<content:encoded><![CDATA[<blockquote><p>some of the same people who did the initial looting are still part of that system</p></blockquote>
<p>Under the pretext that they are the only ones who could understand it&#8230; when maybe nobody fully understands it to begin with. The whole derivatives mess should had been allowed to die it&#8217;s own miserable death and come back from bankruptcy if it was worthy of it. The whole concept that the government can operate this sham any better than AIG is inane to begin with.</p>
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	<item>
		<title>By: cynic</title>
		<link>http://www.noquarterusa.net/blog/2009/03/18/aig-contracts-a-brain-freeze/#comment-1160332</link>
		<dc:creator>cynic</dc:creator>
		<pubDate>Wed, 18 Mar 2009 19:57:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=17797#comment-1160332</guid>
		<description>That really the crux of the matter, isn&#039;t it?  

Untold billions were made in an under-regulated market by knowingly setting up unsound insurance schemes that enabled others to make money by extending credit to unsound borrowers.  Then everything was bundled into bogus packages that were given falsely reassuring risk ratings and passed on to unsuspecting investors to generate additional profits.  Once the scam was discovered the government was called on to prevent total collapse of the looted system, but some of the same people who did the initial looting are still &lt;em&gt;part&lt;/em&gt; of that system.</description>
		<content:encoded><![CDATA[<p>That really the crux of the matter, isn&#8217;t it?  </p>
<p>Untold billions were made in an under-regulated market by knowingly setting up unsound insurance schemes that enabled others to make money by extending credit to unsound borrowers.  Then everything was bundled into bogus packages that were given falsely reassuring risk ratings and passed on to unsuspecting investors to generate additional profits.  Once the scam was discovered the government was called on to prevent total collapse of the looted system, but some of the same people who did the initial looting are still <em>part</em> of that system.</p>
]]></content:encoded>
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	<item>
		<title>By: Surfered</title>
		<link>http://www.noquarterusa.net/blog/2009/03/18/aig-contracts-a-brain-freeze/#comment-1160305</link>
		<dc:creator>Surfered</dc:creator>
		<pubDate>Wed, 18 Mar 2009 18:52:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=17797#comment-1160305</guid>
		<description>The bonuses are peanuts compared to the cost of deregulating the derivatives market, which allowed AIG to sell &quot;insurance&quot; against defaults without maintaining any reserves.  Since lenders could buy &quot;insurance&quot; on sub-prime mortgages, there was not need for them to monitor the credit worthiness of the borrowers.  And thusly, the house of cards was built.</description>
		<content:encoded><![CDATA[<p>The bonuses are peanuts compared to the cost of deregulating the derivatives market, which allowed AIG to sell &#8220;insurance&#8221; against defaults without maintaining any reserves.  Since lenders could buy &#8220;insurance&#8221; on sub-prime mortgages, there was not need for them to monitor the credit worthiness of the borrowers.  And thusly, the house of cards was built.</p>
]]></content:encoded>
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	<item>
		<title>By: cynic</title>
		<link>http://www.noquarterusa.net/blog/2009/03/18/aig-contracts-a-brain-freeze/#comment-1160304</link>
		<dc:creator>cynic</dc:creator>
		<pubDate>Wed, 18 Mar 2009 18:50:12 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=17797#comment-1160304</guid>
		<description>&lt;blockquote&gt;&quot;AIG is mindful that it must act prudently and, as such, must impose curbs on executive compensation. … To meet these objectives, AIG’s top seven executives (Leadership Group) will receive no annual bonuses for 2008. In addition, the top roughly 60 executives (Senior Partners) including the seven most senior AIG executives, will forego any salary increase through 2009 and their 2008 and 2009 bonuses will be restricted.&quot; &lt;/blockquote&gt; 

AIG CEO Edward Liddy, in his November 2008 letter to New York Attorney General Andrew Cuomo.

You can see a copy of the original letter in it&#039;s entirety (PDF format) here:     

http://thinkprogress.org/wp-content/uploads/2009/03/11-25-08liddyletter.pdf 

Frickin&#039; astonishing, isn&#039;t it?  The bottom line is that &lt;em&gt;these guys will lie to anybody&lt;/em&gt;, and already have.</description>
		<content:encoded><![CDATA[<blockquote><p>&#8220;AIG is mindful that it must act prudently and, as such, must impose curbs on executive compensation. … To meet these objectives, AIG’s top seven executives (Leadership Group) will receive no annual bonuses for 2008. In addition, the top roughly 60 executives (Senior Partners) including the seven most senior AIG executives, will forego any salary increase through 2009 and their 2008 and 2009 bonuses will be restricted.&#8221; </p></blockquote>
<p>AIG CEO Edward Liddy, in his November 2008 letter to New York Attorney General Andrew Cuomo.</p>
<p>You can see a copy of the original letter in it&#8217;s entirety (PDF format) here:     </p>
<p><a href="http://thinkprogress.org/wp-content/uploads/2009/03/11-25-08liddyletter.pdf" rel="nofollow">http://thinkprogress.org/wp-content/uploads/2009/03/11-25-08liddyletter.pdf</a> </p>
<p>Frickin&#8217; astonishing, isn&#8217;t it?  The bottom line is that <em>these guys will lie to anybody</em>, and already have.</p>
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	<item>
		<title>By: Doc99</title>
		<link>http://www.noquarterusa.net/blog/2009/03/18/aig-contracts-a-brain-freeze/#comment-1160279</link>
		<dc:creator>Doc99</dc:creator>
		<pubDate>Wed, 18 Mar 2009 18:14:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=17797#comment-1160279</guid>
		<description>Steny Hoyer has no shame ... he should bloody well know that Sen. Chris Dodd (D-Countrywide) helped preserve the AIG bonuses.</description>
		<content:encoded><![CDATA[<p>Steny Hoyer has no shame &#8230; he should bloody well know that Sen. Chris Dodd (D-Countrywide) helped preserve the AIG bonuses.</p>
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		<title>By: PamFlorida</title>
		<link>http://www.noquarterusa.net/blog/2009/03/18/aig-contracts-a-brain-freeze/#comment-1160275</link>
		<dc:creator>PamFlorida</dc:creator>
		<pubDate>Wed, 18 Mar 2009 18:11:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=17797#comment-1160275</guid>
		<description>1) TARP was thrown together by Paulson, Geithner, Bernanke, and the inner circle in DC.
2) Obama stayed on the campaign trail to avoid getting his hands dirty and maintain plausible deniability. McCain knew it was serious and returned to DC in an effort to keep the Repubs in on the loop.
3) Geithner was chosen for the Treasury as a CYA for Obama and the Dems, and as a sacrificial lamb should the #$?%! hit the fan.
The Congressional outrage over the AIG bonuses is a smokescreen to mask the scope of the financial crisis and the many DC players who are guilty of deliberate malfeasance. AIG is just the tip of a very big iceberg.</description>
		<content:encoded><![CDATA[<p>1) TARP was thrown together by Paulson, Geithner, Bernanke, and the inner circle in DC.<br />
2) Obama stayed on the campaign trail to avoid getting his hands dirty and maintain plausible deniability. McCain knew it was serious and returned to DC in an effort to keep the Repubs in on the loop.<br />
3) Geithner was chosen for the Treasury as a CYA for Obama and the Dems, and as a sacrificial lamb should the #$?%! hit the fan.<br />
The Congressional outrage over the AIG bonuses is a smokescreen to mask the scope of the financial crisis and the many DC players who are guilty of deliberate malfeasance. AIG is just the tip of a very big iceberg.</p>
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		<title>By: Sammie</title>
		<link>http://www.noquarterusa.net/blog/2009/03/18/aig-contracts-a-brain-freeze/#comment-1160264</link>
		<dc:creator>Sammie</dc:creator>
		<pubDate>Wed, 18 Mar 2009 17:53:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=17797#comment-1160264</guid>
		<description>http://www.slate.com/id/2213942/

&lt;strong&gt;The Real AIG Scandal
It&#039;s not the bonuses. It&#039;s that AIG&#039;s counterparties are getting paid back in full.&lt;/strong&gt;By Eliot Spitzer

&quot;Everybody is rushing to condemn AIG&#039;s bonuses, but this simple scandal is obscuring the real disgrace at the insurance giant: Why are AIG&#039;s counterparties getting paid back in full, to the tune of tens of billions of taxpayer dollars? 

For the answer to this question, we need to go back to the very first decision to bail out AIG, made, we are told, by then-Treasury Secretary Henry Paulson, then-New York Fed official Timothy Geithner, Goldman Sachs CEO Lloyd Blankfein, and Fed Chairman Ben Bernanke last fall. Post-Lehman&#039;s collapse, they feared a systemic failure could be triggered by AIG&#039;s inability to pay the counterparties to all the sophisticated instruments AIG had sold. And who were AIG&#039;s trading partners? No shock here: Goldman, Bank of America, Merrill Lynch, UBS, JPMorgan Chase, Morgan Stanley, Deutsche Bank, Barclays, and on it goes. So now we know for sure what we already surmised: The AIG bailout has been a way to hide an enormous second round of cash to the same group that had received TARP money already.&quot;</description>
		<content:encoded><![CDATA[<p><a href="http://www.slate.com/id/2213942/" rel="nofollow">http://www.slate.com/id/2213942/</a></p>
<p><strong>The Real AIG Scandal<br />
It&#8217;s not the bonuses. It&#8217;s that AIG&#8217;s counterparties are getting paid back in full.</strong>By Eliot Spitzer</p>
<p>&#8220;Everybody is rushing to condemn AIG&#8217;s bonuses, but this simple scandal is obscuring the real disgrace at the insurance giant: Why are AIG&#8217;s counterparties getting paid back in full, to the tune of tens of billions of taxpayer dollars? </p>
<p>For the answer to this question, we need to go back to the very first decision to bail out AIG, made, we are told, by then-Treasury Secretary Henry Paulson, then-New York Fed official Timothy Geithner, Goldman Sachs CEO Lloyd Blankfein, and Fed Chairman Ben Bernanke last fall. Post-Lehman&#8217;s collapse, they feared a systemic failure could be triggered by AIG&#8217;s inability to pay the counterparties to all the sophisticated instruments AIG had sold. And who were AIG&#8217;s trading partners? No shock here: Goldman, Bank of America, Merrill Lynch, UBS, JPMorgan Chase, Morgan Stanley, Deutsche Bank, Barclays, and on it goes. So now we know for sure what we already surmised: The AIG bailout has been a way to hide an enormous second round of cash to the same group that had received TARP money already.&#8221;</p>
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		<title>By: mountainaires</title>
		<link>http://www.noquarterusa.net/blog/2009/03/18/aig-contracts-a-brain-freeze/#comment-1160254</link>
		<dc:creator>mountainaires</dc:creator>
		<pubDate>Wed, 18 Mar 2009 17:16:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=17797#comment-1160254</guid>
		<description>http://www.ritholtz.com/blog/2009/03/aig-retention-bonuses-paid-to-former-employees/

&lt;strong&gt;AIG Retention Bonuses Paid to Employees who had been Dismissed.&lt;/strong&gt;

Well, geepers guys, I would think there was at least one good negotiating point RIGHT THERE!

Ha! :-)

&lt;em&gt;This is all such gross buffoonery....&lt;/em&gt;</description>
		<content:encoded><![CDATA[<p><a href="http://www.ritholtz.com/blog/2009/03/aig-retention-bonuses-paid-to-former-employees/" rel="nofollow">http://www.ritholtz.com/blog/2009/03/aig-retention-bonuses-paid-to-former-employees/</a></p>
<p><strong>AIG Retention Bonuses Paid to Employees who had been Dismissed.</strong></p>
<p>Well, geepers guys, I would think there was at least one good negotiating point RIGHT THERE!</p>
<p>Ha! <img src='http://www.noquarterusa.net/blog/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' /> </p>
<p><em>This is all such gross buffoonery&#8230;.</em></p>
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		<title>By: Docelder</title>
		<link>http://www.noquarterusa.net/blog/2009/03/18/aig-contracts-a-brain-freeze/#comment-1160233</link>
		<dc:creator>Docelder</dc:creator>
		<pubDate>Wed, 18 Mar 2009 16:24:52 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=17797#comment-1160233</guid>
		<description>Yes to that. Seriously, with the G20 coming up and a possible Bretton Woods II coming out of it all... With the variables of reserve currency and exchange rates &quot;on the table&quot;... shouldn&#039;t we be sending brighter people to negotiate for on our behalf? Seriously.... This is the biggest problem nobody seems to be noticing at all right now.</description>
		<content:encoded><![CDATA[<p>Yes to that. Seriously, with the G20 coming up and a possible Bretton Woods II coming out of it all&#8230; With the variables of reserve currency and exchange rates &#8220;on the table&#8221;&#8230; shouldn&#8217;t we be sending brighter people to negotiate for on our behalf? Seriously&#8230;. This is the biggest problem nobody seems to be noticing at all right now.</p>
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	<item>
		<title>By: bayareavoter</title>
		<link>http://www.noquarterusa.net/blog/2009/03/18/aig-contracts-a-brain-freeze/#comment-1160229</link>
		<dc:creator>bayareavoter</dc:creator>
		<pubDate>Wed, 18 Mar 2009 16:15:20 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=17797#comment-1160229</guid>
		<description>As you say on your blog--Geitner says he didn&#039;t know about the  bonuses. Well, if he can&#039;t pay his taxes and can&#039;t read or understand the deal he&#039;s making with AIG--HE SHOULD BE FIRED!! Ditto, if he&#039;s just lying.

Why did BO insist on his hiring? There aren&#039;t any other smart guys (or gals) who could have done the same job? Was it Geitner&#039;s father&#039;s affiliation with Bambis mother? Were they covering something about the Sept TARP up?

I just can&#039;t figure out WHY they hired this lightweight at such a critical time.</description>
		<content:encoded><![CDATA[<p>As you say on your blog&#8211;Geitner says he didn&#8217;t know about the  bonuses. Well, if he can&#8217;t pay his taxes and can&#8217;t read or understand the deal he&#8217;s making with AIG&#8211;HE SHOULD BE FIRED!! Ditto, if he&#8217;s just lying.</p>
<p>Why did BO insist on his hiring? There aren&#8217;t any other smart guys (or gals) who could have done the same job? Was it Geitner&#8217;s father&#8217;s affiliation with Bambis mother? Were they covering something about the Sept TARP up?</p>
<p>I just can&#8217;t figure out WHY they hired this lightweight at such a critical time.</p>
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		<title>By: anon</title>
		<link>http://www.noquarterusa.net/blog/2009/03/18/aig-contracts-a-brain-freeze/#comment-1160212</link>
		<dc:creator>anon</dc:creator>
		<pubDate>Wed, 18 Mar 2009 15:51:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=17797#comment-1160212</guid>
		<description>Yes, Paulson and Geithner knew about the bonus comp last Sept. and so did we if you paid attention.  It was reported as early as Septemenber &#039;08 and again in January &#039;09. I don&#039;t know why everyone wasn&#039;t outraged then, oh wait, that was before Obama went on his $11 trillion spending spree (wheeee!!).

We own AIG. AIG&#039;s Credit Default Swap book holds at least 70% of the existing swaps still out there.  So what?  Here&#039;s the what...
The market can&#039;t shed the uncertainty until those swaps are extinguished or fully revealed.  How will we know when there extinguished?  We won&#039;t until the book is fully disclosed.  Full disclosure of the CDS book WILL cause horrendous destruction to some who gambled but will clear all those who actually acted responsibly.  Uncertainty extinguished.  Market clears.  Recovery finally at least possible.

The torches and pitchforks, if it really gets underway will trigger marshall law and is utterly unnecessary.  If your hankering for the jackboot of tyranny on your neck, hire a dominatrix.  If you want economic recovery in reality, start pushing loud and clear for AIG&#039;s CDS book to be FULLY disclosed.  If there&#039;s another way, I don&#039;t see it.</description>
		<content:encoded><![CDATA[<p>Yes, Paulson and Geithner knew about the bonus comp last Sept. and so did we if you paid attention.  It was reported as early as Septemenber &#8216;08 and again in January &#8216;09. I don&#8217;t know why everyone wasn&#8217;t outraged then, oh wait, that was before Obama went on his $11 trillion spending spree (wheeee!!).</p>
<p>We own AIG. AIG&#8217;s Credit Default Swap book holds at least 70% of the existing swaps still out there.  So what?  Here&#8217;s the what&#8230;<br />
The market can&#8217;t shed the uncertainty until those swaps are extinguished or fully revealed.  How will we know when there extinguished?  We won&#8217;t until the book is fully disclosed.  Full disclosure of the CDS book WILL cause horrendous destruction to some who gambled but will clear all those who actually acted responsibly.  Uncertainty extinguished.  Market clears.  Recovery finally at least possible.</p>
<p>The torches and pitchforks, if it really gets underway will trigger marshall law and is utterly unnecessary.  If your hankering for the jackboot of tyranny on your neck, hire a dominatrix.  If you want economic recovery in reality, start pushing loud and clear for AIG&#8217;s CDS book to be FULLY disclosed.  If there&#8217;s another way, I don&#8217;t see it.</p>
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		<title>By: getfitnow</title>
		<link>http://www.noquarterusa.net/blog/2009/03/18/aig-contracts-a-brain-freeze/#comment-1160145</link>
		<dc:creator>getfitnow</dc:creator>
		<pubDate>Wed, 18 Mar 2009 12:43:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=17797#comment-1160145</guid>
		<description>Wouldn&#039;t you consider Geitner a main player? Wasn&#039;t he working with Paulson on the original deal? what about calling one of their own--Chris Dodd. I&#039;d like to know more about that little amendment he tucked in the stimulus package protecting the bonuses. Do you believe we&#039;ll get the whole truth; nothing but the truth? NOT.</description>
		<content:encoded><![CDATA[<p>Wouldn&#8217;t you consider Geitner a main player? Wasn&#8217;t he working with Paulson on the original deal? what about calling one of their own&#8211;Chris Dodd. I&#8217;d like to know more about that little amendment he tucked in the stimulus package protecting the bonuses. Do you believe we&#8217;ll get the whole truth; nothing but the truth? NOT.</p>
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