“When I was there, nobody had a contract with the company, including me. If you didn’t do the job, you didn’t deserve to be there. We had a bonus plan based on performance.”
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
@1 You sir are a gay
It’s sad the government can’t take all these thieves bonuses away.
Wall Street has done so much damage to the U.S., that it’s hard to believe America will ever recover from this decadent behavior from those greed driven money zombies. They’ve preached deregulation for such a long time, only to use it as a premise to steal money from the hard working american workers and families.
Health care, social security, retirement plans – Wall Street thieves have put their filthy hands into everyones pockets, now including the tax payer’s.
It’s about time those financial criminals get taught a lesson, and I hope that the government is going to close down many more, especially hedge funds. These guys belong behind bars, and let’s hope our administration puts them there.
It’s sad the government can’t take all these thieves bonuses away.
Wall Street has done so much damage to the U.S., that it’s hard to believe America will ever recover from this decadent behavior from those greed driven money zombies. They’ve preached deregulation for such a long time, only to use it as a premise to steal money from the hard working american workers and families.
Health care, social security, retirement plans – Wall Street thieves have put their filthy hands into everyones pockets, now including the tax payer’s.
It’s about time those financial criminals get taught a lesson, and I hope that the government is going to close down many more, especially hedge funds. These guys belong behind bars, and let’s hope our administration puts them there.
Ok – so CBS (a liberal venue to say the least) wants us to believe a accounting scandal CEO, Greenberg. People, Hank is the reason we have this problem – - wake the fuck up
too implausible, didn’t buy
@5
Glad you’ve figured it out for us. Hank is most certainly the problem. Hard to refute that assertion with the bountiful cornocopia of evidence you’ve offered up. Now that you say “wake the fuck up” it’s all so apparent. A very insightful post and I hope things go well for you at the unemployment office.
Whether Hank was the problem or not is irrelevant. What matters is that the AIG bonusses are being paid in order to mark CDO-squareds to some fantasy number. What matters is that Liddy isn’t even aware that the $1.6 trillion of exposure to “hard-to-value” CDO-squared are about to blow up on him, and us.
If Hank were around the bonuses would never have happened. Why? Because he would have stolen the money himself.
Remember he was kicked out for securities fraud? I can’t conceive of why anyone gives the pompous old bloviator the time of day.
It must be difficult for Hank to sit for an interview considering he must have balls the size Jupiter’s largest moon. He ran AIG until 2005. AIG stopped writing CDS in 2006. Meaning that the lax underwriting occurred almost entirely under his watch and stopped not long after he was forced to resign for fraud. Is his point that if he had run AIG, being a good fraudster, he would have cooked the books so no one understood the extent to which collateral calls were necessary? Because his only other point here would be that the company (and economy) would have been equally fucked, but the retention bonuses, which are piddling compared to the colossal fucked-up nature of AIG, would not have been made.