So! Yesterday a bunch of jackhole Congressmen demanded, every hour on the hour (step aside, they’ve got a quota to meet) that Ed Liddy hand over the names of the AIG employees receiving bonuses. Because the firm has received many death threats, including one by decapitation, on the lives of its staff and their children, Liddy said that he would comply but only with the assurance the names weren’t leaked to the press, which you’d think would be a reasonable request but No! No! Fuck that, gives us the names now, we’re not going to agree to shit! a bunch of elected officials shouted back. (Barney Frank noted that he receives death threats like that all the time, quit yer bitching.) Anywho, Liddy held his ground but this morning the WSJ has a name. Only it’s of an AIG exec who’s giving his bonus back. And that doesn’t make for a very good witch hunt, now does it?
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
Greed is good…it cuts through and captures the essence!!
Isn’t the salary of government employees public record?
This may be the only time I would like to be the receiver of an AIG bonus.
I would invite them to subpoena me just so I could say phuck you, I’m keeping every dollar and bailing out of this joint as soon as legally possible.
@3- you seem to miss the point. whether or not these people deserve the retention bonuses is up for debate (and those who took them and then left, as in they weren’t retained, don’t). the issue is that congress demanding their names isn’t an effort to do something constructive, it’s a witch hunt so they can show their constitutents, Look! We Tar and Feathered these guys! We’re not completely ineffectual! Even if it puts these people in actual physical danger, and put their children in danger, as well.
If I were Liddy I would trade the list of names for Barney Frank’s “list” of favored young men….fair swap, both should be released, afterall don’t they both involve a “stimulus” of some kind?
I’m not a tax guy but won’t he end up with income he has to pay taxes on and a capital loss he may or may not be able to use?
Giving the money back?! Who actually falls for Congressional emoting? What a sap…
http://www.thebigmoney.com/articles/-best-policy/2009/03/17/real-aig-scandal?page=0,0
Never, under any circumstances, ever, let the truth stand in the way of using a good crisis to your advantage.
We can tax you, we can print money, we can start wars, we can take your hard earned dollars and make them as worthless as we want. We can change the rules, we can lie and look you straight in the eye. We can take your guns, and make you give money to whoever we want. Bend over.
WE ARE YOUR OVERLORDS!
@7- thanks for that 2-day old story that was already posted here.
@ 9- sorry for your inconvenience, don’t have time to read every post, with the family, job, and all. Thanks for taking the time for the constructive put-down, though; insecure much?
@10 Yet you care enough to actually have an account? Living with your parents and working as a BOA teller does not make you a banker. You might enjoy yahoo.com/finance
11 Oh please. Not 10 here, but that’s just juvenile. You should be the one moving on.
Congress: “How DARE AIG abuse the taxpayers’ dollars. WE are the only ones allowed to abuse taxpayers’ dollars.
@12 11 here. I’m not 9, just bored and on my break from my bank teller job at Wells Fargo. Why must you take the wind out of my sails? My mommy does that when I get home from work everyday, but hey, she still puts my shirts in the dryer in the morning so I can be warm and comfy on the bus.
I was surprised Frank refused to assure confidentiality. Standard operating procedure is give assurance, distribute info to committee, and express disappointment when leaked. The Democrats really think they have a winner here.
Frank did take care to lay off responsibility for any harassment (God forbid) from publishing the names on some “security expert” whom he will consult. I guess that attention to detail is why he can always find someone else to blame for his mistakes.
@11…not 10 here but your a dick / idiot…it’s finance.yahoo.com
guess your mom doesn’t know your still in the basement and havn’t gone to work yet.
@4, @3 here. No, I definitely understand the safety ramifications and additional reasons not to be identified. My point, and maybe I am just pissed off and looking for a fight, is that nothing would make me happier than telling those blowhards to piss off.
Re all this joking about bank tellers. I did a transaction with a teller at Chase last week, for maybe the first time in years. That boy wouldn’t let me go. I suspect he saw things about my relationship on the screen and started cross selling like mad. I’m gonna be sure to use the ATM from now on.
Seriously, 11, you are a douchebag.
@6
No, if he simply returned all the money, that is not a loss. He might get audited since there are records of a lot of cash going to him and back to AIG, but I don’t think he will have any tax liability, except for any interest earned on the money prior to its return.
@11 – Read the account name. It implies only a passing interest and a willingness to register, which offers some accountability for what I say here, unlike you.
So, since you consider your basement work on that program to suck up all the half pennies in the world and deposit them in your account enough to qualify you as a banker, then I say live and let live.