AIG’s ex-CEOs blamed for crisis: House panel chairman Rep. Henry Waxman says executives got undeserved riches, while ex-CEOs Robert Willumstad and Martin Sullivan blame accounting rules for leading to $85B bailout. Huge bonuses that they didn’t deserve.
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Obaid Karki An Outcast Underdog Libertarian Diogenesist Kabbalist Spinoziste Qutbist Pantheon Hexalingual Automath Former UAE Under Secretary Independent Street-Knowledge Urban Talking-head. Unaffiliated to a State, an Organized Religion Group, a Sect or a Kin and an Anti Tribal Gentile. Every phrase is an earnest verdict. Thats my bio. If you dont agree with me thats an honor. It is immoral to appease to please. My word hurts big time because it is quality of a moment of truth US Conspiracism is a Grassroot Religion alas belief masterminded by the Establishment to Worthy the Worthless. This in-thing is sold as Partisanship to the Unemployables for free. Its the Disneyfication of the Mass to glorify a Legacy of Ghosts as Rothchild, Bilderberg, English royalty etc. Neither Mainstream Media & nor Hollywood or the Publisher’s Clan would be outsourced to such task simply because they are assigned to edutain the Untalentable Aristocrat Urban Parasites. AIG American International Group, Inc. (NYSE) Google Finance Yahoo Finance MSN Money AOL Finance CNN Money Reuters 3.51 0.36 ( 9.30%) 7 Oct 4:00pm ET Open: 4.22 High: 4.22 Low: 3.51 Volume: 90285327 Avg Vol: 218654000 Mkt Cap: 9.44B Disclaimer After Hours: 3.54 +0.03 (0.85%) 7 Oct 7:59pm ET Crisis strengthens Manulife’s hand in AIG bid Manulife and other insurers are expected to bid for AIG divisions as early as this week, they said. The American insurance giant is under pressure to sell Former AIG Executives Get Harsh Criticism …
AIG post a $65b quarterly loss, biggest in world history. Unfettered greed comes home to roost with a vengeance. Not long now before the victims of this crime (US taxpayers) shout “Enough is Enough. We don’t want any more fake apologies from those responsible. We want their blood!”
When the US$ finally collapses this summer (2009) under the weight of all the inflationary money being put into the system now, it’ll prompt the USA’s creditors to foreclose on US debt. It’s going to get ugly folks.