http://blog.ar.or.id/no/2009-03-19/news-about-ethical-problem-in-aig-bonus-for-executives/ inside arully Fri, 01 Jul 2011 23:57:25 +0000 hourly 1 http://wordpress.org/?v= http://blog.ar.or.id/no/2009-03-19/news-about-ethical-problem-in-aig-bonus-for-executives/comment-page-1/#comment-9770 florida insurance claims adjuster Tue, 23 Feb 2010 22:50:03 +0000 http://blog.ar.or.id/no/?p=664#comment-9770 <p>The stock market rebounded and generated these large bonuses because of the government bailout of Wall Street after the derivatives market caused the financial meltdown. They got these bailouts because of insiders like Larry Summers and Timothy Geithner among others who were part of the team that fought tooth and nail to prevent regulation of that market. They protected the obscene profits these financial institutions earned prior to the collapse and pushed to bail them out so they could continue to earn obscene money. The Free Market advocates said that the market would self regulate and it did when the meltdown occurred. Then they took care of their own with the bailout and millions of ordinary Americans are paying the price and will do so for years to come. Of course, Obama has these men in key economic positions in government today while simultaneously paying lip service to the effect that he is going to take steps to avoid another similar crisis. I find it hard to believe that anything will actually occur to substantively change the policies that these men help put in place. I hope their new Lamborghini's, second and third homes and lavish vacations help to console their conscience as they drive by the millions of foreclosed homes, bread lines and homeless. The next crisis is just around the corner and another bailout may not be there to save them and us.</p> The stock market rebounded and generated these large bonuses because of the government bailout of Wall Street after the derivatives market caused the financial meltdown. They got these bailouts because of insiders like Larry Summers and Timothy Geithner among others who were part of the team that fought tooth and nail to prevent regulation of that market. They protected the obscene profits these financial institutions earned prior to the collapse and pushed to bail them out so they could continue to earn obscene money. The Free Market advocates said that the market would self regulate and it did when the meltdown occurred. Then they took care of their own with the bailout and millions of ordinary Americans are paying the price and will do so for years to come. Of course, Obama has these men in key economic positions in government today while simultaneously paying lip service to the effect that he is going to take steps to avoid another similar crisis. I find it hard to believe that anything will actually occur to substantively change the policies that these men help put in place. I hope their new Lamborghini’s, second and third homes and lavish vacations help to console their conscience as they drive by the millions of foreclosed homes, bread lines and homeless. The next crisis is just around the corner and another bailout may not be there to save them and us.

]]> http://blog.ar.or.id/no/2009-03-19/news-about-ethical-problem-in-aig-bonus-for-executives/comment-page-1/#comment-9769 mizner park Tue, 23 Feb 2010 22:40:06 +0000 http://blog.ar.or.id/no/?p=664#comment-9769 <p>And yet nothing has systemically changed in the way these casinos do business. Risky trades are still made. The banks still bet against their own clients trades. Bad assets still sit on corporate balance sheets. These institutions add no real value to society, only create phony wealth for themselves at the expense of the taxpayer and their enablers in Congress and the White House.</p> And yet nothing has systemically changed in the way these casinos do business. Risky trades are still made. The banks still bet against their own clients trades. Bad assets still sit on corporate balance sheets. These institutions add no real value to society, only create phony wealth for themselves at the expense of the taxpayer and their enablers in Congress and the White House.

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