Your tax dollars buy AIG execs' pedicures (Hugo Chavez, Congress, weapons)

[ParkTwain]

AIG had warnings on risk: lawmaker: Financial News - Yahoo! Finance (http://biz.yahoo.com/rb/081007/business_us_financial_aig.html - broken link)

The Fed is now the majority shareholder of AIG.

Based on some of the testimony received during Rep. Waxman's hearings, AIG deserved to fail because they were too reliant on very risky assets that operated in the "shadow banking" realm. The Fed didn't allow AIG to fail because it believed AIG's businesses are too widely worked into the US financial establishment.

[pghquest]

Aig Goes On Vacation: After The Bailout AIG Bought Themselves A $440,000 "Retreat" At A California Resort (http://consumerist.com/5060290/after-the-bailout-aig-bought-themselves-a-440000-retreat-at-a-california-resort - broken link)

[Miborn]

Those SOB's the F'n gall of these SOB's....
They need all their assets sold at auction and bank accounts frozen

[lionking]

I hate to say it but one day these type of unbelievable occurances will lead to another French style revolution where people will take matters into hand regarding the aristocrat style people,

[Jaymum]

That day is coming sooner than we think. Who still believes any of these suits? They're all corporate puppets.

I'm not convinced that things have to get violent. I'm against that under any circumstance. Change is, however, on the way, and it's not Mcbama's brand of change.

[lionking]

Originally Posted by Jaymum

That day is coming sooner than we think. Who still believes any of these suits? They're all corporate puppets.

I'm not convinced that things have to get violent. I'm against that under any circumstance. Change is, however, on the way, and it's not Mcbama's brand of change.

well most people don't want violence,I don't think we are close to violence.Alot of doomsday and assumption posts happening because most of us are bewildered about what is happening and what the future will hold.


But........if things were to get so bad where alot of American's were struggling to survive aka another depression and were to find that their money was being used by elites to indulge in such lavish luxury like above story their would come a point of the straw breaking.

These kind of things are what have led to "la revolutions" like in most of South America and such which people being PO'd enough unfortunately bring into power a government supposedly "for them" but really are tyrants like Hugo Chavez.

[lionking]

BTW,is there anybody here who is going to defend the actions of these executives for indulging like this after crying for help from a bailout?

[01Snake]

Richard Fuld punched in face in Lehman Brothers gym - Telegraph

[Jaymum]

Originally Posted by lionking

well most people don't want violence,I don't think we are close to violence.Alot of doomsday and assumption posts happening because most of us are bewildered about what is happening and what the future will hold.


But........if things were to get so bad where alot of American's were struggling to survive aka another depression and were to find that their money was being used by elites to indulge in such lavish luxury like above story their would come a point of the straw breaking.

These kind of things are what have led to "la revolutions" like in most of South America and such which people being PO'd enough unfortunately bring into power a government supposedly "for them" but really are tyrants like Hugo Chavez.

There are nonviolent solutions though. If it gets to that point, people can stop going to work (assuming there are jobs left). Where are the exectutives going to get their bonuses when there is no commerce, and no lower-class income to tax? We could begin a rogue society where goods are exchanged directly among small communities. People are going to have to start growing their own food and buying whatever resources they can now to do this. Once the dollar is worthless, it's game over. Don't let Chase and Citigroup own everything before we no longer have buying power!

Sure, the federal government can respond with military force. But aside from using nuclear weapons on its own land, how do they expect to control hundreds of millions of people who have lost everything? They are severely outnumbered.

[paperhouse]

OMG ya'll. I just got the coolest flat screen tv with a built in iPod and surround sound speakers. I bought it so that i can watch my favorite sports teams in hi-def. It's almost like being there. Huh? My Congressional district? I dunno.

I wish more people paid attention to politics like they do sports. We never would have gotten into this mess.