aig
CHUCK GRASSLEY ALSO SAID THIS: When he wasn’t talking about suckin’ tits earlier today, Chuck Grassley was saying THIS about AIG: “The first thing that would make me feel a little bit better towards them if they’d follow the Japanese model and come before the American people and take that deep bow and say I’m [...]
No but really, Chuck Grassley says “sucking the tit of the taxpayer.” Even if he had just said “suckling on the teat of the taxpayer,” it would have been funny enough to merit a post, so this is like double-bonus territory here. [Urbzen]
All it took was for the National Outrage to direct itself at derivatives traders at the World’s Worst Company receiving bonuses, and now Rick Santelli is finally saying: Whoa… hey… let’s cool it down, right? Besides, this outrage over $165 million doesn’t exist in a vacuum. People want government policy towards AIG (“give them the [...]
So when the news came out about AIG spending hundreds of millions of dollars on bonuses for the incredible losers who, in running one tiny tiny segment of a huge and otherwise very stable company, managed to completely destroy the whole company and indeed the entire global economy, AIG said, “Well obviously we cannot get [...]
Repulsive swamp cow Mark Penn has so many personal microtrends that they all add up into one megatrend, which is “Mark Penn will take money from anybody, including Satan.” Here is Rachel Maddow responding to Penn’s latest bullshit about his latest scandal — claiming his PR firm hasn’t done work for Blackwater murder gangs. [Gawker]
The government rescued insurance giant AIG from its own wretched, greedy incompetence by giving the evil company $80 billion $150 billion of your tax dollars. With this insane reward for being an epic failure, AIG was supposed to rebuild its core business — which is insurance, not gambling like a drunken fool and destroying the [...]
The most brilliant legal mind of our time is in court for the second time trying to prove that because a dry cleaners hung a sign that said “satisfaction guaranteed,” they were legally obligated to give him $54 million for a lost pair of pants. [Washington Post] The collapse of AIG is affecting your beloved [...]
HERE’S A LITTLE EXTRA, BUY SOMETHING NICE FOR MRS. AIG: The government will give terrible insurance whore AIG another $37.8 billion loan in addition to the $85 billion one it received last month. (Ken mentioned this too!) All you have to do is ask politely and put on a sad puppy face! WOULD ANYONE ELSE [...]
Well, that was a fun week in finance news. So what did the markets get, after the U.S. government decided to end market capitalism and become the Soviet Bank of Soviet America? Stocks ended the week flat, that’s what. Monday morning, the Dow opened at 11,421. Today, after this unprecedented nationalization of AIG and promises [...]
Turns out we didn’t need “stealth socialist” Barack Obama to pervert capitalist America into a crumbling nationalized economy run in private by a dome-skulled kleptocracy as our nation’s battered military wastes away in the forgotten bummer of a civil war in Afghanistan. WAIT A MINUTE that is exactly what happened in the Soviet Union! And [...]
Staunch conservative baby harvester Rep. Michele Bachmann sez: “First we were told that Bear Stearns was too big to fail, then we were told that Freddie/Fannie were too big to fail, then we were told that AIG was too big to fail. What’s next, Starbucks too big to fail?” Ha ha ha, oh heavens, we [...]
So you know how the Fed “bailed out” AIG with $80+ billion and now everything is okay? Right, it’s not okay at all. The $80+ billion allows the failed insurance giant an “orderly liquidation” of its assets. AIG is done. That is just one of the reasons why the markets continue to collapse today — [...]
FLIP-FLOPPERS: So now maybe the Fed will rescue AIG after all, which means McCain will immediately change his position to “AIG is too big to fail,” which is exactly the flip-flop he did on Fannie Mae and Freddie Mac. [Bloomberg]
