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I thumb my schlong at Matt Taibbi.
AIG would never do something that stupid, Matt. Oh….wait minute.
Taibbi is a piece of $hit
I love how Taibbi makes things up he doesn’t understand…dumbass.
I am thumbing a 3 year old collie in the ass.
Dennis Kneale
AIG flacks @1,3 and 4: We understand.
@4 oh yes its very difficult to understand the idea of GS taking tax payer money when even Cohen admits the bank most likely would have been either done or in deep shit had the tax payers not come in to bail them out.
Buffet admits he only lent GS the 5 billion because he knew the govt was swinging in to save LB from himself.
The people aren’t pissed that the banks got help. They are pissed that they profited from the help and then are even more pissed that the profits are so fucking huge.
Even you could understand that.
iTaibbi
we didnt need the tax payers, we didnt need no one. We were profitable and full of shit, i mean cash. Here take the TARP back. We didnt even want it.
We will just take this AIG money and be over here in the corner licking each other’s balls. AIG money is very different then TARP because it come from g-d not the Fed.
-LB
Where are all the clients’ bonuses?
@11 if you invest with an insurance company on the basis of Manchester United Jerseys and commercials during the NFL playoffs then you don’t deserve a bonus, you deserve to be punched in the balls when your money disappears. The only morality left is “DONT BE DUMB”.
@12 side note: The AIG Man U replica jersey is an EXCELLENT item to wear at casual get together to get people fired up. It also helps to make sure there is massive amounts of alcohol at the event. Ive worn it 3 times and twice the evening ended with many of the party goers not on speaking terms.
@13 ManU fans are classless c*nts anyway like their coach. They deserved to get punched even if they are not wearing AIG jerseys.
@11 if you invest with an insurance company on the basis of Manchester United Jerseys and commercials during the NFL playoffs then you don’t deserve a bonus, you deserve to be punched in the balls when your money disappears. The only morality left is “DONT BE DUMB”.
@13 Giggs?
That figures. You know who never took a bailout? Sun Life.
Have you seen their recent commercials? They’re great.
http://www.youtube.com/watch?v=GYWGEbIhSMg
Nice to see this on FBN
@17 they never took a bailout because they’re a Canadian financial institution and can’t take risk because the Canadian financial system was drafted by vaginas. I know this because I work in it.
@17 they never took a bailout because they’re a Canadian financial institution and can’t take risk because the Canadian financial system was drafted by vaginas. I know this because I work in it.
@19/20,
That was just lame, bro.
~Paul “The Nobel Man” Krugman
Bill of ´Taint(er)
@8, who is Cohen? Your proctologist?
@8, 4 here. You are perhaps more inept than Taibbi. GS had ~17 billion in PRIVATE capital ready to be invested before TARP _forced_ them to take govt. funds. Stop drinking the populist kool-aid. Just because you have a subscription to Rolling Stone doesn’t mean you know dick about finance or economics.
It’s clear you’re regurgitating shit you’ve seen on TV or in print. If you’ve done any measure of due-diligence or spent time managing money there is no way you would spew your garbage.
@24 “blah blah TARP blah blah blah drinking blablah dick blah shit blablablah garbage.”
-fify
@24, I ask you, what would have been the consequence of GS refusing to take the funds? If they were liquid/solvent and it was quantifiable, as you state it was, why were they “forced” into a bank holding company?
I don’t like ad-hominem attacks but Taibbi’s qualifications include, what, exactly?
AIG probably spends more than $100 million on paper and staples in a year, back off people
@26 – Are you serious?
They didn’t have the option to refuse TARP – TARP is a law, part of Public Law 110-343. How do you suggest GS, a high-profile major financial institution, avoid following a law passed specifically for large financial institutions?
@29 – There was not a law forcing them into a bank holding company. That was a heat of the moment strategy for GS to survive/gain access to the discount window.
@30 – Yes, there was, it’s just not on the books. When DC says you “should” do something, you don’t disregard it. Notice how there is nothing left but bank/financial holding companies? They all switched over for a reason, and it wasn’t to get access to TARP or the discount window.
@31, Sorry but you stating that there was in fact a law doesn’t get me there. Unless you were part of the administration at the time, you are nothing more than another Jerry Fletcher.
@29, 31, I gather you don’t much value the distinction, but the law did not force Goldman Sachs to take TARP, Secretary Paulson did.
And it would probably be more accurate to say that Goldman became a bank holding company because they were granted exceptions that made it worthwhile at the time, rather than to imply that they were coerced
Matt Taibbi is a major league d-bag, period…….
that buck toothed bastard thinks he has a clue as to how business is done…..yes, he knows the business end of a bong, but that is about it
@33 – you apparently missed my innuendo making a parallel between administration officials making a “recommendation” and law – in this instance it might as well have been law. When Hank asks you to do something he’s not really asking: he’s telling. If you can’t recognize thinly veiled threats then you will never be a decision-maker, let alone a rainmaker.
Let’s not mince words here: GS was not coerced, they were told to, using Washington vernacular. Point blank. And you know what? Who the hell cares. The dance played out and Hank and Ben handled it well. Taibbi just wrote that article becuase he Miley Cyrus canceled her interview with him that week.
@35, No, I got it.
We don’t misunderstand each other, we just don’t completely agree on the finer points.