You remember AIG, don’t you? Our dunces in Congress gave them an $85,000,000,000 bailout package during the Great Pre-Election Giveaway.
Poor AIG’s top level managers were so stressed that they immediately took a well-deserved trip to a spa to the tune of nearly half a million dollars—from the Bailout line of credit money. But they were stillstressed, poor babies! So some of them went partridge hunting in England and layed out nearly $90,000 there.
Well today, AIG’s management is all stressed again. So they went for the very best de-stressor they know–the American tax payer.
AIG now says they need to renegotiate the terms of their loan because nobody wants to buy parts of their shitty business that they ran into the ground. Their interest rate is too high, poor babies! And they can’t pay back the principal because they’re in a ditch. That’s right, we gave $85 billion to a company that’s in a ditch and is staying in a ditch. How many of you recall our Congressional Geniuses telling us that we taxpayers will make a BUNDLE when AIG sells off all it’s wonderful assets?
I mean, it’s not like they didn’t get a nice low double-digit interest rate like all those credit card companies charge consumers or anything right? No! They had to suffer with a single digit rate of 8.5%. So now they need to re-negotiate the terms of their loan.
Say, I have an idea: I think everybody should call their credit card companies in the morning and tell them you need to re-negotiate your interest rate right now and see how well that works out for you. And we bailed some of THEM out too.
Here comes the threat line:
Taxpayers may lose money unless the AIG bailout is restructured to reduce the need for quick sales, said shareholders including former CEO Maurice “Hank” Greenberg, who controls the largest block of privately held AIG stock.
Hey “Hank!”! Don’t make me look up how many MILLIONS you walked away with. I’m really sorry you control the largest block of stock. Company gifts while you were there pillaging? Just asking. Life must really suck, Hank. No wonder you think “renegotiating” is a great idea. It’s a great idea for YOU! The “taxpayers” already lost money the day they gave you pigs an $85 billion line of credit.
Now the AIG argument is, their assets are worth less than they should be worth. So if we could just drag this out a couple of years, maybe somebody will want to buy an asset when it’s worth more. Well, AIG, I would like to inform you that my house is worth less too. And so is my 401k. Do you think that Americans can just call up their lenders and whine for a ‘renegotiation”? Where do Americans get a sugar daddy like the one you’ve got? Wait a minute….they ARE your sugar daddy!
Here’s AIG’s current CEO, fresh from the spa and partridge hunting trip. I know you feel really really sorry for him. Just like he feels really really sorry for you. He looks so pale. Perhaps a company trip to a tropical island might be in order.
Update: Congress apparently feels even more sorry for AIG and Mr. Greenberg’s holdings than we do. They are going to give AIG another $41,000,000,000.
Filed under: Bailout Party, Uncategorized, Wall Street |
--Graphic by Freedom Fairy
"This is not culture. This is not custom. This is criminal."
Uppity Woman 
He looks so pale.
When I see these guys, I must admit, I think:
“Yeah,. and you’re ugly, too–I wouldn’t date you.”
Pure spite and I don’t care!
&*#^^%@%!!!!!!
ASK ME IF I GIVE A RAT’S ASS THAT YOU COULD MAKE MORE MONEY IN A FEW YEARS! Or ever, for that matter! This company needs to be broken up, and it needs to be done now!
As far as Hank Greenberg, he is one man that knows that “Obama will pay for my gas and mortgage”.
Lots of people claim there will be another Great Depression if we don’t bail out these fake banking institutions.
In reality, we have an FDIC now that has raised the insurance to up to $250,000 per bank for each account. I am perfectly comfortable with people being wiped out of everything above $250K when it’s their own fault.
Obama wants to take away any amount over $250,000, er, $90,000 if you’re careful enough to keep it.
We’re being sold a very expensive bill of goods here. When the feds wisely let Lehman fail, the other banks decided it was time to hoarde their money and not loan to anyone. Then they realized that if they beat up the stock market they want, they could manipulate the congress they bought with economic terrorism.
The joke’s on you. My 401K never had much of a return. I’m not losing my shirt, you bitches are. I earn my money. Woulnd’t be nice to actually set the free market free and let these guys hunt for game with their own money?
So where did the 85 Billion go? Did they spend it all already? Were there 85 B in claims against them? Or do the not want to use the money they were given to start paying back the loan?
Amen Palin. Let the damned free market do its job. But I am convinced that is NOT the goal. The goal is for government ot own everything. Just like in North Korea and other places where they worship their Dear Leader.
And I have news for you. We are going to have a Depression anyhow. You can see it. You can feel it and you can smell it. Ever since the election, the market is crapping out some more. One of the greatest dives in the first two days. They know Socialism is in the air and nobody in his right mind wants In. The idea here is to make the middle class grovel and suffer. Make the dollar buy a dime’s worth of things so that anyone who has any money left finds it doesn’t help. Only then can we truly trade Democracy for socialism or marxism. Make them depend on their government and then you Own Them. And Everything Else.
And Palin, the joke’s on me too. I am not that far from retirement and I have been investing for decades. I am left with shit right now.
UW, do you think we’ll hear that Obama has made the trains run on time soon?
Trains? Is he even in favor of us continuing to have trains?
UW some site borrowed one of my posts. The barky Big Giant Head one. Please go to this link and read the comments.
My favorite is: “was this image photoshopped”.
http://pumaparty.com/forum/viewtopic.php?f=4&t=5591
DE, it’s a hit. Who the HELL ever heard of the Office Of The President Elect?
ANd do you notice how short Rahm is? He’s shorter than Joe even! This could explain his demeaner.
Will you look at how those people are worshipping him?
DE
ROFL! Scares you that that’s a PUMA site, non?
ROFL “Why does his head look so big”. LMAO!!!
I’m cracking up here.
Hey gang, I added something to this post. Go back and look.
LOL!
It’s not our fault if we don’t notice it’s photoshopped.
With the new head his ears kind of fit, so you don’t really notice anything wrong.
Shite. This is so upsetting. I really hope I don’t get laid off. Shite.
I love the little face with the violin.
Typey–you are at a univ? I will cross everything! Hard to type–but for you…
Rahm is shrimpy–but the ego is outsize. Robert Reich is really Little People Big World.
The funny part is if you follow everyone’s eyeline, it matches up with the big giant head.
LMMFAO~!!!!!!!!!!!!
Was this photoshopped….HAHAHAHAHAHAHAHAHAHAH!!!!!!!!
gasping for air!!!!!
DE
Are you a Photoshop genius? Did you make that?
Hi Star- no, I am not at a University. Not that lucky. Thanks for the crossed fingers. I do so appreciate it. Maybe I can get one of those violin smiley’s to cross their fingers for me.
I don’t know if anyone saw Yid with a Lid’s posting about the rat obama having sent Robert Malley to Syria and Eygpt 2 weeks ago for negotiations. Remember Robert the friend of Hamas who was supposedly thrown off the Obama bus during the campaign. There he goes, defying all odds and blatantly flipping the bird to the Jews who just voted for him, amongst others.
LOL when DE was making it, we kept telling him to make the head bigger.
Robert Reich, Hahahaha. In the 90s he was trolling around after W. Edwards Demming. Reich made a series of videos with the old guy and you could SEE Demming snorting at him. Anyways, this set of videos made its way through corporate America, not because people loved them, but because we all laughed at them. Reich sat there with this animated cartoon parrot on is shoulder that spoke in a British accent, and Reich was talking to him. He looked like a little troll losing his little mind.
And he still does, Uppity.
Uppity Woman, on November 9th, 2008 at 2:24 pm
“Make them depend on their government and then you Own Them. And Everything Else.”
What, UW? Are you talking about slavery? You racist.
Mary,
Don’t you know that slavery of the Middle Class is ok? We are the root of all evil (at least according to the fine, upstanding folks at TUCC and WU).
Anyone else see a resemblance beween yon pasty-faced bastard and Chrissy “Tingle Butt” Mathews?How about John Lithgow as the neurotic alien on .3rd Rock?
Lithgow, definitely. Maybe he can play him in the made for TV movie.
Sorry, GG.
I lost my head. Forgot I deserve this because an Afican chief sold other Africans into slavery. Mea culpa. NOT.
Maybe we can swap: our money for their sense of victimhood
The AIG Story: A Tale of American
ExcessSuccessOr maybe we can just swap our money for a handful of nothing.
You know that guy is really disturbing to look at and every time I try to hit the comments I get him, big and blown up instead. He really looks like he stepped out of a Dickens novel and is arriving to measure the sheets for the inside of someones coffin.
I mean look at that picture. The caption should read “Would you trust this man with your money?”.
surfergirl,
“Are you a Photoshop genius? Did you make that?”
Yes I did it’s actually two separate photos, the original was too small to blow up his head that way so I had to get another one, plus move his finger. I don’t consider myself a PS genius. I do consider myself a very good retoucher though. My wife and I are both commercial photographers and have a graphic design business. So I spend a great deal of time trying to make things look good, it’s kinda fun trying to make barky look bad.
Grail Guardian, t 6:56 pm Said: “Lithgow, definitely. Maybe he can play him in the made for TV ”
Why not? Farce is very popular just now.
deadenders you did an excellent job.
deadenders, 7:15 pm:
“it’s kinda fun trying to make barky look bad”
Don’t waste your talent. Nature bear you to it.
Can you do something with the war?. I think that’s where his hypnotizing-transmitter is concealed.
beat you to it
Grai,
“Or maybe we can just swap our money for a handful of nothing.”
Consider it done.
DE
One of your best ever….Dorothy was pretty damned good too.
And where the hell is FF? I love the header so much I can’t decide which is my favorite section, but it’s a toss-up between the dolphin on the laptop and the cat pushing down the crank handle.
UW…you got some hella fine talented people around you! But of course you do…..
Grail 7:00 pm Said: ,”Or maybe we can just swap our money for a handful of nothing.”
Consider it done.
And that weather beaten liver spotted freak (probably goes out on his yacht and drinks whiskey and smokes cigars) is straight out of a DICKens novel…..
deadeender
That’s, Can you do something with the wart?
(Hand-eye coordination on the wonk.)
I thought “do something with the war” was much wittier and much more apropos,,,,,,,,,
Yes, if we could just Photoshop Barky and a bunch of other Sh*t like the war out of our lives, wouldn’t that be grand?
Just can’t take it no more!!!!! WHY IS McCAIN STILL SILENT ABOUT ALL THE MUDS THROWN AT SARAH’S FACE???? She doesn’t deserve all the blame for republican party lost.
McCain where’s your decency??? Stand up! Stand up! Your silence is deafening and it will only put “truth” to you being spineless if you don’t defend Sarah now.
Sorry I am so disappointed with the whole thing.
Thanks surfergirl,
Robin Hoodwink is my favorite so far.
Fresh from the spa? The bastage should get a refund.
Eh No Bama. Those mud facials take off entire skin layers!
joey,
What good would McCain saying something do? It’ll turn a one week story into a 2 week story. It’ll cause some of the media to disparage the entire campaign staff. The ones that know who the leaker (Nimolle Wallace) is, will point the blame somewhere else or lie altogether (LA Times, for example).
I’m sorry to say truth took a beating this election.
Those guys are so dirty, they couldn’t tell where the mud ended and the flesh begins.
P4P
UW
Hey, I’m emoldened to italicize all over the place. Thanks, guys.
Believe FOX said Sarah will be on Greta’s show tonight, responding to attacks. Give ’em hell, “Cuda!
McCain, too! Yes, it bothers me that he has not said a damn thing to defuse this “Sarah’s fault” BS.
Heh heh…now FOX is vetting MEANchelle with=
“WHO IS SHE?”
SARA IS ON FOX WITH GRETA NOWWWWWW FROM WASILLA
Full interview with Sarah Palin airs at 10 pm EST…check to be sure…Monday night. Hell, skip football fellas….this is the face of the future.
Sarah may run for Ted Stevens’ Senate seat.
AIG and brats at top need financial beating. Spa and partridge hunting outside US rather extravagant for dirtbags. If these ppl had to pay these bills out of their own pockets, u better believe they would be immensely more responsible. Their pay ought to be tied to performance, and losses to their personal bank accts.
ERahmbo = Napoleon syndrome.
DE, that BHO head wasn’t big enough. More! More!
Surfergirl, “weatherbeaten liver spotted freak?” Wow. Clever. The crystall ball sees liver cirrhosis and skin cancer in his yacht-ed whiskey-ed future. No amount of facials will cure those afflictions.
joey, “stand up, stand up” indeed should be the words resonating with McC. We better pay him a visit with a pitchfork.
We wanted to believe McCain was honorble, so we did. Only he didn’t.
Hey, Mary, I want some of that BOLDFACE…where do I get it here?
Hal,
1. Type a left pointing carot (looks like top of an arrow ) <
2. Then type a small i
3. Type a right pointing carot
3. type the text you want italicized
4. Type a left pointing carot, then type / then type a small i. Then type a right pointing carot.
I can’t show it to you in syntax or all you will see is the italicized word. So pretend the brackets are carots:
[i] bold words [/i]
You can do the same thing with bold by using a b instead of an i
The caption should be “Would you trust this man to pick your spa?”
Uppity, is the $41 B a done deal, or can we pretend to protest to our so-called representatives?
Grail I suppose you could complain. LOL.
Not to be panicky but :
According to financial papers (ao Economist) the problem that is now starting to rise is that all those nationalized businesses across the world are getting ‘too big to fail’ which basically means creating a risk similar to the whole Fannie Mae-Freddie Mac (subprime-)mortgage risk (ie too much of the marketshare spread among too few businesses, and government owned so the taxpayer gets burned even if he didn’t invest) in the future.
Because the core problem, the root cause (to quote Dodd 😉 is still not solved – crappy assets – they can throw all the money at those banking companies they like but it won’t help. If they want banks etc. to invest more money government can better do so directly by itself (still not great) or else we basically get the same problem development aid has.
Obama Bought The Presidency