Comments on: Poor, Poor AIG http://www.noquarterusa.net/blog/6013/poor-poor-aig/ Sun, 27 May 2012 12:02:00 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: POdVet http://www.noquarterusa.net/blog/6013/poor-poor-aig/#comment-1023875 POdVet Tue, 11 Nov 2008 00:52:31 +0000 http://www.noquarterusa.net/blog/2008/11/10/poor-poor-aig/#comment-1023875 While I certainly agree that the DNC screwed the pooch on Fannie/Freddie. I can and do take umbrage with saying Bush was acting Democratic lite. That's complete hogwash. Bush went entirely corrupt, giving billions in no-bid contracts to Haliburton for things that would have cost far less if the military was still doing it themselves! Not too mention they would have actually gotten what they paid for...I believe they are still waiting on $4 billion worth of stuff Haliburton NEVER delivered, and the money and equipment has been gone now for what..3 years?!? While I certainly agree that the DNC screwed the pooch on Fannie/Freddie. I can and do take umbrage with saying Bush was acting Democratic lite. That’s complete hogwash. Bush went entirely corrupt, giving billions in no-bid contracts to Haliburton for things that would have cost far less if the military was still doing it themselves! Not too mention they would have actually gotten what they paid for…I believe they are still waiting on $4 billion worth of stuff Haliburton NEVER delivered, and the money and equipment has been gone now for what..3 years?!?

]]> By: POdVet http://www.noquarterusa.net/blog/6013/poor-poor-aig/#comment-1023808 POdVet Tue, 11 Nov 2008 00:29:18 +0000 http://www.noquarterusa.net/blog/2008/11/10/poor-poor-aig/#comment-1023808 Any part of a bail-out for Ford and GM should involve them producing high mileage and affordable cars built entirely from domestic parts! Think of a modern 100% American made vehicle in the same vein as Germany's Volkswagen. Most of the rest of the world has a large assortment of 3cylinder vehicles, from 2 seaters up to small trucks. They are not fast off the line, but then since when does a family vehicle need to be race ready? Imagine if all the minivans in the US were European models. Instead of getting 24 mpg HWY, getting 37+ mpg HWY with diesel! That would benefit our country a hell of a lot more than making sure you have enough air pressure in your tires... Any part of a bail-out for Ford and GM should involve them producing high mileage and affordable cars built entirely from domestic parts! Think of a modern 100% American made vehicle in the same vein as Germany’s Volkswagen. Most of the rest of the world has a large assortment of 3cylinder vehicles, from 2 seaters up to small trucks. They are not fast off the line, but then since when does a family vehicle need to be race ready? Imagine if all the minivans in the US were European models. Instead of getting 24 mpg HWY, getting 37+ mpg HWY with diesel! That would benefit our country a hell of a lot more than making sure you have enough air pressure in your tires…

]]> By: POdVet http://www.noquarterusa.net/blog/6013/poor-poor-aig/#comment-1023737 POdVet Tue, 11 Nov 2008 00:02:15 +0000 http://www.noquarterusa.net/blog/2008/11/10/poor-poor-aig/#comment-1023737 Guantanamo does need to be addressed, it is a national disgrace. But I do not trust Obama to do it. It should have been turned over to a non-partisan committee with at least input from the UN. Now I know the UN is far less than perfect, but we NEED to re-introduce habeas corpus and show the world that we are a nation of laws once again. Unfortunately under Obama I have little doubt none of that will occur. Instead we will spend millions of dollars make a big show of treating them good in front of the cameras. And those with the deepest pockets will walk free while a token few poor whether they are the guilty ones or not will be convicted. In the end it may just come down to which had family members from the Middle East illegally donating to Obama's campaign. Don't think he'd dare do that? Then why is his friend and international fugitive Alsamarrae walking around free in Chicago?!? Guantanamo does need to be addressed, it is a national disgrace. But I do not trust Obama to do it. It should have been turned over to a non-partisan committee with at least input from the UN. Now I know the UN is far less than perfect, but we NEED to re-introduce habeas corpus and show the world that we are a nation of laws once again. Unfortunately under Obama I have little doubt none of that will occur. Instead we will spend millions of dollars make a big show of treating them good in front of the cameras. And those with the deepest pockets will walk free while a token few poor whether they are the guilty ones or not will be convicted. In the end it may just come down to which had family members from the Middle East illegally donating to Obama’s campaign. Don’t think he’d dare do that? Then why is his friend and international fugitive Alsamarrae walking around free in Chicago?!?

]]> By: MMiller http://www.noquarterusa.net/blog/6013/poor-poor-aig/#comment-1023670 MMiller Mon, 10 Nov 2008 23:35:47 +0000 http://www.noquarterusa.net/blog/2008/11/10/poor-poor-aig/#comment-1023670 Hi Uppity, How are you? I want to give you a little info about AIG, Sun America company. They were solvent and strong until the collapse of Freddie Mac and Fannie Mae. Their company is an insurance company that makes money two ways. The first is what you think..collect from people and companies who need insurance. These people and companies run the gamut of industry. Banks (FDIC), Brokerages (SIPC), unions, homes, manufacturors, suppliers, AMtrac..you name it-in one way or another everyone is insured by this company-unless the insurance is from another country. All of that said each and every failed mortgage is insured by this company ultimately. The second way this and other giant holding companies make money big time is through the profit of the funds they manage or pay to manage that are required minimums by the FEDS. Insurers typically charge you and me a minimum of dough and if they do not pay it out it stays in the fund and the managers of that fund or any other grow the money until it is needed for a disaster like Hurricane Katrina, Rita, a fire an accidental death, a large oil tanker sinking..an illness that just wont quit or whatever. You heard about the institutional sell off in the markets and program selling? Each of those managers for the billions of dollars are hired to protect the money. If the money is needed or if the stock market has a weakness the managers OK broad sell-offs of certain stocks to protect the fund so we can continue to be paid in case of a disaster. Usually these managers have programmed a sell off figure into their stock portfolio and if, lets say, GM starts to dip down because of bad earnings or no available credit, the funds dump their shares they are holding...resulting in millions of shares being sold. At the same time this goes on..some other funds are programmed to buy at a certain price..or what they consider a weakness price. That is what happens to the tow ways they make money. Now how this got to be as bad as it is-is sad. Once the banks won't lend..that means no cash flow to pay things like the failed mortgages at FM and FM. No pay-no play and the repercussions continue all the eway to the insurers who ultimately pay for everything. Those bad boys Reines and Johnson let the fraud continue and actually caused this meltdown with Barney Frank and Chris Dodd lying to everyone saying both entities were fundamentally sound. Loads of investors bought worthless shares of these two companies who sold mortgages backed by the FEDS. So in fact we were robbed two times by the Dems already and are heading for the thied time with this bailout of 700Billion. We are being asked to bail out the automakers, not based on business conditions but on loan conditions. All the money they would have had access to is gone. So is the money banks would have lent to us. So again AIG will be called upon to bail out all the the suppliers, manufaturors and 'folks' who could have borrowed to buy or continue production. As an example GM spent 600 million of their own reserves to stay afloat until the borrowing conditions improved..you know what happened to that money...its paying for FM and FM. So thats the story sort of..of course it is much more detailed but I wanted to give you an overview. I also wanted to mention that the gala in California was not for their managers but for their salespeople who successfully sold the products that were sunk by Dodd, Frank, Reins and Johnson during the last two years of them controlling the congress. Time and time again, many regulators and spokespeople from John McCain and the NASD, SEC tried to implore congress for action..They wouldn't budge and once again..we are paying. Interestingly-it is my belief that Obama wants to give back the empty homes to the poor 'folks' who lost them. I am not willing to pay a 4th time-are you? Hi Uppity, How are you? I want to give you a little info about AIG, Sun America company. They were solvent and strong until the collapse of Freddie Mac and Fannie Mae. Their company is an insurance company that makes money two ways. The first is what you think..collect from people and companies who need insurance. These people and companies run the gamut of industry. Banks (FDIC), Brokerages (SIPC), unions, homes, manufacturors, suppliers, AMtrac..you name it-in one way or another everyone is insured by this company-unless the insurance is from another country.
All of that said each and every failed mortgage is insured by this company ultimately.
The second way this and other giant holding companies make money big time is through the profit of the funds they manage or pay to manage that are required minimums by the FEDS. Insurers typically charge you and me a minimum of dough and if they do not pay it out it stays in the fund and the managers of that fund or any other grow the money until it is needed for a disaster like Hurricane Katrina, Rita, a fire an accidental death, a large oil tanker sinking..an illness that just wont quit or whatever.
You heard about the institutional sell off in the markets and program selling? Each of those managers for the billions of dollars are hired to protect the money. If the money is needed or if the stock market has a weakness the managers OK broad sell-offs of certain stocks to protect the fund so we can continue to be paid in case of a disaster. Usually these managers have programmed a sell off figure into their stock portfolio and if, lets say, GM starts to dip down because of bad earnings or no available credit, the funds dump their shares they are holding…resulting in millions of shares being sold. At the same time this goes on..some other funds are programmed to buy at a certain price..or what they consider a weakness price. That is what happens to the tow ways they make money.
Now how this got to be as bad as it is-is sad. Once the banks won’t lend..that means no cash flow to pay things like the failed mortgages at FM and FM. No pay-no play and the repercussions continue all the eway to the insurers who ultimately pay for everything. Those bad boys Reines and Johnson let the fraud continue and actually caused this meltdown with Barney Frank and Chris Dodd lying to everyone saying both entities were fundamentally sound. Loads of investors bought worthless shares of these two companies who sold mortgages backed by the FEDS. So in fact we were robbed two times by the Dems already and are heading for the thied time with this bailout of 700Billion. We are being asked to bail out the automakers, not based on business conditions but on loan conditions. All the money they would have had access to is gone. So is the money banks would have lent to us. So again AIG will be called upon to bail out all the the suppliers, manufaturors and ‘folks’ who could have borrowed to buy or continue production. As an example GM spent 600 million of their own reserves to stay afloat until the borrowing conditions improved..you know what happened to that money…its paying for FM and FM.
So thats the story sort of..of course it is much more detailed but I wanted to give you an overview. I also wanted to mention that the gala in California was not for their managers but for their salespeople who successfully sold the products that were sunk by Dodd, Frank, Reins and Johnson during the last two years of them controlling the congress. Time and time again, many regulators and spokespeople from John McCain and the NASD, SEC tried to implore congress for action..They wouldn’t budge and once again..we are paying.
Interestingly-it is my belief that Obama wants to give back the empty homes to the poor ‘folks’ who lost them. I am not willing to pay a 4th time-are you?

]]> By: beachnan http://www.noquarterusa.net/blog/6013/poor-poor-aig/#comment-1023517 beachnan Mon, 10 Nov 2008 22:32:03 +0000 http://www.noquarterusa.net/blog/2008/11/10/poor-poor-aig/#comment-1023517 I run a very small business, so if I go under, it will only effect 5 people. I understand that a lot of people will lose their jobs if we let the auto industry go under, but I think in the long run, this is not the way to go. Everyone will just keep expecting a handout. I certainly hope that the Democrats do not start spending willy nilly, just because there is no one to stop them. In the end, we will all lose. I run a very small business, so if I go under, it will only effect 5 people. I understand that a lot of people will lose their jobs if we let the auto industry go under, but I think in the long run, this is not the way to go. Everyone will just keep expecting a handout. I certainly hope that the Democrats do not start spending willy nilly, just because there is no one to stop them. In the end, we will all lose.

]]> By: Wisewoman http://www.noquarterusa.net/blog/6013/poor-poor-aig/#comment-1023510 Wisewoman Mon, 10 Nov 2008 22:30:31 +0000 http://www.noquarterusa.net/blog/2008/11/10/poor-poor-aig/#comment-1023510 VinceP1974. I agree with you assessment, however you need to roll back the clock to 1995. Obama, is most responsible for the economic melt down and the loss of serious monies in people’s retiremen funds and 401ks. He was one of the lawyers who sued Citibank in Chicago in federal court (1995)accusing them of discrimination in housing lending and won (1998). Court entered consent decree mandating loans to risky borrowers (Link 1). Bill Clinton was required by law to accomodate court order. If people ever find this out they will turn on Obama like a mad dog. Democrats stopped Repubs from putting regulations on Fannie Mae & Freddie Mac & prevented proper oversite (Link 2). Democrats & Obama are most responsible for Wall Street melt down. THIS IS THE TICKING TIME BOMB THAT THE MSM DID NOT REPORT BECAUSE OBAMA WOULD HAVE LOST THE ELECTION AND IF KNOWN NOW WOULD DESTROY HIS PRESIDENCY. Link 1: Legal document showing discrimination case, outcome, and attorneys of record. Find Obama’s name. Link 2: Watch third (Bill Clinton at 8 min mark), twelfth, and fourteenth video down on right side of page. http://clearinghouse.wustl.edu/detail.php?id=10112&search=source|general;caseCat|FH;orderby|caseName; http://www.youtube.com/watch?v=ivmL-lxNy64&feature=related People voted for the crooks who made them lose their money. VinceP1974. I agree with you assessment, however you need to roll back the clock to 1995. Obama, is most responsible for the economic melt down and the loss of serious monies in people’s retiremen funds and 401ks. He was one of the lawyers who sued Citibank in Chicago in federal court (1995)accusing them of discrimination in housing lending and won (1998). Court entered consent decree mandating loans to risky borrowers (Link 1). Bill Clinton was required by law to accomodate court order. If people ever find this out they will turn on Obama like a mad dog. Democrats stopped Repubs from putting regulations on Fannie Mae & Freddie Mac & prevented proper oversite (Link 2). Democrats & Obama are most responsible for Wall Street melt down. THIS IS THE TICKING TIME BOMB THAT THE MSM DID NOT REPORT BECAUSE OBAMA WOULD HAVE LOST THE ELECTION AND IF KNOWN NOW WOULD DESTROY HIS PRESIDENCY.
Link 1: Legal document showing discrimination case, outcome, and attorneys of record. Find Obama’s name.
Link 2: Watch third (Bill Clinton at 8 min mark), twelfth, and fourteenth video down on right side of page.

http://clearinghouse.wustl.edu/detail.php?id=10112&search=source|general;caseCat|FH;orderby|caseName;

http://www.youtube.com/watch?v=ivmL-lxNy64&feature=related

People voted for the crooks who made them lose their money.

]]> By: Wisewoman http://www.noquarterusa.net/blog/6013/poor-poor-aig/#comment-1023502 Wisewoman Mon, 10 Nov 2008 22:28:48 +0000 http://www.noquarterusa.net/blog/2008/11/10/poor-poor-aig/#comment-1023502 VinceP1974. I agree with you assessment, however you need to roll back the clock to 1995. Obama, is most responsible for the economic melt down and the lost of serious monies in people’s retiremen funds and 401ks. He was one of the lawyers who sued Citibank in Chicago in federal court (1995)accusing them of discrimination in housing lending and won (1998). Court entered consent decree mandating loans to risky borrowers (Link 1). Bill Clinton ws required by law to accomodate court order. If people ever find this out they will turn on Obama like a mad dog. Democrats stopped Repubs from putting regulations on Fannie Mae & Freddie Mac & prevented proper oversite (Link 2). Democrats & Obama are most responsible for Wall Street melt down. THIS IS THE TICKING TIME BOMB THAT THE MSM DID NOT REPORT BECAUSE OBAMA WOULD HAVE LOST THE ELECTION AND IF KNOWN NOW WOULD DESTROY HIS PRESIDENCY. Link 1: Legal document showing discrimination case, outcome, and attorneys of record. Find Obama’s name. Link 2: Watch third (Bill Clinton at 8 min mark), twelfth, and fourteenth video down on right side of page. http://clearinghouse.wustl.edu/detail.php?id=10112&search=source|general;caseCat|FH;orderby|caseName; http://www.youtube.com/watch?v=ivmL-lxNy64&feature=related People voted for the crooks who made them lose their money. VinceP1974. I agree with you assessment, however you need to roll back the clock to 1995. Obama, is most responsible for the economic melt down and the lost of serious monies in people’s retiremen funds and 401ks. He was one of the lawyers who sued Citibank in Chicago in federal court (1995)accusing them of discrimination in housing lending and won (1998). Court entered consent decree mandating loans to risky borrowers (Link 1). Bill Clinton ws required by law to accomodate court order. If people ever find this out they will turn on Obama like a mad dog. Democrats stopped Repubs from putting regulations on Fannie Mae & Freddie Mac & prevented proper oversite (Link 2). Democrats & Obama are most responsible for Wall Street melt down. THIS IS THE TICKING TIME BOMB THAT THE MSM DID NOT REPORT BECAUSE OBAMA WOULD HAVE LOST THE ELECTION AND IF KNOWN NOW WOULD DESTROY HIS PRESIDENCY.
Link 1: Legal document showing discrimination case, outcome, and attorneys of record. Find Obama’s name.
Link 2: Watch third (Bill Clinton at 8 min mark), twelfth, and fourteenth video down on right side of page.

http://clearinghouse.wustl.edu/detail.php?id=10112&search=source|general;caseCat|FH;orderby|caseName;

http://www.youtube.com/watch?v=ivmL-lxNy64&feature=related

People voted for the crooks who made them lose their money.

]]> By: Murray http://www.noquarterusa.net/blog/6013/poor-poor-aig/#comment-1023453 Murray Mon, 10 Nov 2008 22:12:57 +0000 http://www.noquarterusa.net/blog/2008/11/10/poor-poor-aig/#comment-1023453 Cathy - I think you're 100% right. Cathy – I think you’re 100% right.

]]> By: Okie for Palin http://www.noquarterusa.net/blog/6013/poor-poor-aig/#comment-1023436 Okie for Palin Mon, 10 Nov 2008 22:09:54 +0000 http://www.noquarterusa.net/blog/2008/11/10/poor-poor-aig/#comment-1023436 And remember Bush is a republican but was never a Conservative And remember Bush is a republican but was never a Conservative

]]> By: Rob G in Chicago http://www.noquarterusa.net/blog/6013/poor-poor-aig/#comment-1023348 Rob G in Chicago Mon, 10 Nov 2008 21:40:17 +0000 http://www.noquarterusa.net/blog/2008/11/10/poor-poor-aig/#comment-1023348 Anne: How about you supplying a link to any statement from Larry that "he has it"? The quotation that you have provided says only that sources have told him about this tape. I don't remember him ever having said on this blog that he has seen the tape or that he has the tape, so if you could provide a verifiable link to such a statement, then maybe you won't look like such an ignorant ass. Anne: How about you supplying a link to any statement from Larry that “he has it”? The quotation that you have provided says only that sources have told him about this tape. I don’t remember him ever having said on this blog that he has seen the tape or that he has the tape, so if you could provide a verifiable link to such a statement, then maybe you won’t look like such an ignorant ass.

]]> By: Judy R http://www.noquarterusa.net/blog/6013/poor-poor-aig/#comment-1023347 Judy R Mon, 10 Nov 2008 21:40:03 +0000 http://www.noquarterusa.net/blog/2008/11/10/poor-poor-aig/#comment-1023347 Now don't take this too personal, because it isn't meant for you. I just thought I would say this to all of you. About 'feeding the trolls,' or anything else that comes your way. It's real simple. Just because some one throws s**t at you, doesn't mean you have to catch it! Just duck, and let it go. They would go away then. They are just pushing all your buttons at once, and you want to strike back. I really understand that, I'm the same way myself. Just because they are being dinks, doesn't mean I have to go that way. Rise above it guys, we are better than that!!!!! There is another one I'd like to share with you. "When you are going through a field of s**t, now is not the time to sit down." Another thing I'd like to say is this. I want to tell people alot of things right off the top of my head, you know the first thing that comes up. Some of which is not too nice. I always ask myself first, "Would I say this to Mother?" That has a habit of shutting me up. 'Speaking for myself only.' Now don’t take this too personal, because it isn’t meant for you. I just thought I would say this to all of you. About ‘feeding the trolls,’ or anything else that comes your way. It’s real simple.

Just because some one throws s**t at you, doesn’t mean you have to catch it!

Just duck, and let it go. They would go away then. They are just pushing all your buttons at once, and you want to strike back. I really understand that, I’m the same way myself. Just because they are being dinks, doesn’t mean I have to go that way. Rise above it guys, we are better than that!!!!! There is another one I’d like to share with you.

“When you are going through a field of s**t, now is not the time to sit down.”

Another thing I’d like to say is this. I want to tell people alot of things right off the top of my head, you know the first thing that comes up. Some of which is not too nice. I always ask myself first, “Would I say this to Mother?”
That has a habit of shutting me up.

‘Speaking for myself only.’

]]> By: beachnan http://www.noquarterusa.net/blog/6013/poor-poor-aig/#comment-1023311 beachnan Mon, 10 Nov 2008 21:30:31 +0000 http://www.noquarterusa.net/blog/2008/11/10/poor-poor-aig/#comment-1023311 You got your messiah, so why don't you shut the hell up. I trust that Larry knew people, who knew about the tape. BTW, keep asking for it, and you might just get it, and then how will your new messiah look? I predict by the end of the next four years, you are going to wonder what you ever saw in this guy. No, go away. You got your messiah, so why don’t you shut the hell up. I trust that Larry knew people, who knew about the tape. BTW, keep asking for it, and you might just get it, and then how will your new messiah look? I predict by the end of the next four years, you are going to wonder what you ever saw in this guy. No, go away.

]]> By: eurogirl70 http://www.noquarterusa.net/blog/6013/poor-poor-aig/#comment-1023255 eurogirl70 Mon, 10 Nov 2008 21:06:56 +0000 http://www.noquarterusa.net/blog/2008/11/10/poor-poor-aig/#comment-1023255 No problems Annin and sometimes being cool is highly overrated. Cheers No problems Annin and sometimes being cool is highly overrated.

Cheers

]]> By: AnninCA http://www.noquarterusa.net/blog/6013/poor-poor-aig/#comment-1023246 AnninCA Mon, 10 Nov 2008 21:04:41 +0000 http://www.noquarterusa.net/blog/2008/11/10/poor-poor-aig/#comment-1023246 Ohhhhhh! I don't follow this stuff. Thanks for the clarification. I do like Ellen's show, but I watch it, obviously, like a straight person probably watches. Her personal life never has particularly engaged my attention. Anyway, thank you for not being snotty and just giving me the information. It's hard to be cool these days. *haha Ohhhhhh! I don’t follow this stuff. Thanks for the clarification.

I do like Ellen’s show, but I watch it, obviously, like a straight person probably watches.

Her personal life never has particularly engaged my attention.

Anyway, thank you for not being snotty and just giving me the information.

It’s hard to be cool these days. *haha

]]> By: eurogirl70 http://www.noquarterusa.net/blog/6013/poor-poor-aig/#comment-1023237 eurogirl70 Mon, 10 Nov 2008 21:01:22 +0000 http://www.noquarterusa.net/blog/2008/11/10/poor-poor-aig/#comment-1023237 AnninCA: Simply put instead of being an "Ellen" lesbian I am a Portia de Rossi styled lesbian. She is Ellen's wife [ for as long as all those YES voters on Proposition 8, who voted overwhelmingly for Obama, don't decide to retroactively void their marriage license! AnninCA:

Simply put instead of being an “Ellen” lesbian I am a Portia de Rossi styled lesbian. She is Ellen’s wife [ for as long as all those YES voters on Proposition 8, who voted overwhelmingly for Obama, don’t decide to retroactively void their marriage license!

]]>