The former gov rightly points out that the dollar amount in bonuses going to AIG employees is a fraction of a drop in the bucket, and there bigger questions to be answered, like that business with the counterparties. Unfortunately, he fucked a prostitute last year, and is no longer in a posish to be asking them (with the expectation of receiving a verbal or written response) of anyone in charge, and thus must turn to the internet. So let’s do him a solid, for old time’s sake, and role-play, which you know he’s always down for. He’ll be the Steamroller and provide the Q’s, you be whatever “criminal” whose ass he’s hauled in for answers. Begin:
Here are several questions that should be answered, in public, under oath, to clear the air:
- What was the precise conversation among Bernanke, Geithner, Paulson, and Blankfein that preceded the initial $80 billion grant?
- Was it already known who the counterparties were and what the exposure was for each of the counterparties?
- What did Goldman, and all the other counterparties, know about AIG’s financial condition at the time they executed the swaps or other contracts? Had they done adequate due diligence to see whether they were buying real protection? And why shouldn’t they bear a percentage of the risk of failure of their own counterparty?
- What is the deeper relationship between Goldman and AIG? Didn’t they almost merge a few years ago but did not because Goldman couldn’t get its arms around the black box that is AIG? If that is true, why should Goldman get bailed out? After all, they should have known as well as anybody that a big part of AIG’s business model was not to pay on insurance it had issued.
The Real AIG Scandal [Slate via Clusterstock]
I would like it if Mr. Spitzer would stop filling my inbox with pics of him wearing socks and getting banged by a tranny while eating a puppy.
The dude may hobnob with prosties, but he sure knows how to ask the right questions.
He should write a public letter to Cuomo in that case, instead of barfing all over Slate.
paulson’s neck should be on the line for this, we all know he was saving sachs’ ass and all his friends who own sh*teloads of sachs stock. its funny how people still believe the “this will stop a financial meltdown” line. the employees of these companies didn’t cause the downfall, they are just minions, its the upper mgmt, the regulators and the govt who should be hung out to dry for all this. obviously the press and all those idiots in washington aren’t going to admit to that so in the meantime we will continue with the dark ages-esque witch hunt!
c’mon, this is the same stuff santelli was spouting on squawk box this morning…
i’m still a big fan but i’m not going to pay 2 grand an hour, its just excessive!
Give me back that fillet-o fish!
Give me back that fish…
Give me back that fillet-o fish!
Give me back that fish…
what if it were YOU hanging up on that wall…
@cluzo- are you implying spitzer cribbed his shit from santelli?
I work for AIG and I’m gonna take a FALL…
@9 – no, but I am saying that everyone’s favorite capitalist broke ‘dat element of the story ‘dis mornin’…
I am the CEO of AIG, what’s AIG?
I bet Elliot Spitzer would do weird things with a fillet-o-fish.
To me friend bailing out friends is not the issue, it’s the amount of money involved.
This is theft on the grandest of scales.
Changing the subject…, I wouldn’t pay so much money for that escort, please for much less than that I go to this place in the caribbean called Charlisangels exotic resort, and they have European and Latin escorts, better looking or same.
Just so I understand this, the taxpayer pays money, which goes to AIG, which then goes to AIG’s counter-parties at PAR which includes Goldman. Goldman then makes loans to its employees (money’s fungible, so lets say part of taxpayer money is used for that loan) without which they would file for Chap 13 (insolvency). Wouldn’t the recently unemployed in Cleveland or Detroit or anywhere in the country want a loan funded by the taxpayer to meet their obligations?
The guy who did most of the trades at Goldman Sachs is named Ram Sundaram….he made partner this past year!
@15: Sorry, I hear the entire female population of Charliesangels is HIV+.
It just a matter of time till there are congressional hearings and I’d wager a prosecution or some unrest concerning the following:
Lehman allowed to fail
Bear (essentially)allowed to fail
AIG bailed out
Paulson former CEO of GS
Forget that WE all know Goldman got the best of all possible worlds. I think that even mainstreet can connect those dots.
There’s got to be some unease at 85 Broad these days.
-C
-C
who is that hot bitch in the pic? just had to jerk off her.
If Hank G were at AIG, none of this would happened. Thanks Spitzer for getting rid of the man and then not even bringing up charges.
HERE’S TO YOU ELLIOT SPITZER
(Mrs. Robinson, Simon and Garfunkle)
WilliamBanzai7′s Bailout Smart Club Band
Sing along link: http://www.youtube.com/watch?v=Rfkb4qLIQ7k
And here’s to you, Elliot Spitzer
We all miss you more than you will know (Wo, wo, wo)
God bless you please, Elliot Spitzer
Wall Street’s one big golden playpen for those who prey
(prey, prey, prey…hey, hey, hey)
We’d like to know a little bit about your Slate blog for our files
We’d like to help you learn to help yourself
Look around you, all you see are securitized Wall Street lies
Stroll around downtown and feel at home
And here’s to you, Elliot Spitzer
We all need you more than you will know (Wo, wo, wo)
God help us all, Elliot Spitzer
Wall Streets stilla place for those who prey
(Prey, prey prey…hey, hey, hey)
Hide it in a hiding place while the taxpayers get hosed
Put it in an offshore pantry with their bonus cupcakes
It’s no little Goldman secret, AIG’s the biggest Wall Street affair
By and large, Blankfein’s kept it under a bespoke trash lid
Coo, coo, ca-choo, Elliot Spitzer
Wall Street’s a bigger con job as you know (Wo, wo, wo)
God help us please, Elliot Spitzer
Sing, Sing holds a place for those who prey
(Prey, prey, prey…hey, hey, hey)
Sitting on a sofa on a Sunday afternoon
Listening to the Washington cretens debate
Cry about it, shout about it
They’ve got lots of time to schmooze
Ev’ry way you look at it, in the long run we lose
What are you doin, Andrew Cuomo
A nation turns its payback eyes to you (Woo, woo, woo)
What’s that you say, Elliot Spitzer
Joltin’ Cuomo has got to go a long, long way
(Hey, hey, hey…hey, hey, hey)
PS: Your a babe!
Hey, Sir BAC-A-Lot is back — nice!