Mike_LowELL: Fail Tag is for the idiots who think AIG should be required to pay any of that money back. If the government and the taxpayers loan money to the company on the expectation that AIG will "pay the money back", then they are fools. AIG's goal is not to pay back loans. It is to make a profit. By not paying back those loans, they are making more money for their shareholders. I am okay with this because taxpayers are poor, smelly, and need to get a job.

Impeach Taxbongo already. Jesus.

Who is their #1 stock holder?

I so hope I am selected for jury duty when they put the future "AIG upper management serial killer" on trial. He/She will be found innocent of all charges.

And I can't even get a day off to watch Price is Right and eat Jalapeno poppers in my pajamas.

This is obviously Bush's fault.

Mike_LowELL: Fail Tag is for the idiots who think AIG should be required to pay any of that money back. If the government and the taxpayers loan money to the company on the expectation that AIG will "pay the money back", then they are fools. AIG's goal is not to pay back loans. It is to make a profit. By not paying back those loans, they are making more money for their shareholders. I am okay with this because taxpayers are poor, smelly, and need to get a job.

Impeach Taxbongo already. Jesus.

The government, for better or worse, converted a very large part of its AIG bailout to common stock. The loan part is paid back and the interests of the government and other shareholders is the same. As others have pointed out, stuff like this necessary to compete in many of AIG's businesses.

It's quite reasonable to wonder how we got here and equally reasonable to oppose it and ensure (hah!) that we don't go here again but here we are.

jaylectricity: Right, like everybody makes sure they pay off their debts before ever spending money on themselves. Hell, you owe $400,000 on your house and car, but that doesn't stop you from taking a $4000 cruise in the Bahamas. Why? Because you've been given time to pay it back and you don't feel like going 30 years without every having something really nice.

You're joking right?

tallguywithglasseson: Pretty much. Focusing on this kind of stuff is just kind of a distraction.

Yeah. I'm disgusted that it does work like this, but it does work like this. It's part of the cost of doing business the way that business is done. It's symbolic of what's wrong with the system, but it's just a symbol. AIG having its conference at the local Marriott isn't going to help anything.

BummerDuck: I so hope I am selected for jury duty when they put the future "AIG upper management serial killer" on trial. He/She will be found innocent of all charges.

The management team selected by the government in its role as majority shareholder? Really? Really?

I dumped these cocksuckers right after their bailout. They sent me a letter changing their name "to better serve me" and jack up my car insurance $200 a year to cover their losses.

AIG doesn't sell a "product".

They sell fraud.

Mike_LowELL: Impeach Taxbongo already. Jesus.

Ok, that was really funny.

/lolz

"Obvious" tag would have worked.

Bailout, handout too very different things.

thomps: i hate to stick up for aig in any way, but this is standard operating procedure in the life insurance industry, and most industries where you sell your product through third parties with multiple product options. it's almost a line in cost of goods sold and doing away with it would probably hurt your chances of getting repaid in the long-run.

Standard operating procedure is how they farked the global economy in the first place. I think it's time for a new standard operating procedure.

FTFA: "Nine AIG managers were also sent to the resort to make presentations, Mark said in a e-mail. He declined to say the cost of the event for the insurer."

Okay, put the guests up at the fancy digs, but those nine managers had better be staying at a nearby Holiday Inn. I mean, doesn't Walmart, a fairly successful company that didn't need a bailout, have a fairly austere travel accommodation policy for their employees? Or do these managers think they're ENTITLED to stay at a posh hotel to make what are essentially sales pitches?

/the "E" word cuts both ways, biatches

Party Boy: [i.imgur.com image 640x463]

Mmm cow tongue.

YELLOL: This is obviously Bush's fault.

Alan Greenspan, Robert Rubin and Larry Summers get my vote.

If it wasn't for the government, market forces, running free and wild, would have eaten AIG's carcass to the bone.

Good thing or bad? Discuss amongst yourselves. I am going to bed.

ThreeEdgedSword: Party Boy: [i.imgur.com image 640x463]

That man is lucky. He'd have rocks thrown at him in other countries. Possibly even Molotov Cocktails.

and those would be from the nicer protesters. the others would beat him to death in full view of the media, police, and God.

Are these guys secretly Marxists trying to inflame the proletariat into rebellion, or are they merely retarded? Did it not occur to anyone that it might not be the best time for something like this? Are they really that completely out to lunch? I guess they must be. They'll probably be genuinely surprised when the revolution comes and they're the first ones up against the wall.

I always thought insurance fraud was a crime.

now is the time for someone to fly a kamikaze mission into that resort, maybe they can wipe out the entire group.

FTFA: "We are back to the business of being in business and we're in the marketplace competing," said Mark.

In context, that has to be the single most artery-bursting, fury-spawning corporatespeak quote ever uttered.

Today.

coco ebert: Weaver95: Mike_LowELL: Fail Tag is for the idiots who think AIG should be required to pay any of that money back. If the government and the taxpayers loan money to the company on the expectation that AIG will "pay the money back", then they are fools. AIG's goal is not to pay back loans. It is to make a profit. By not paying back those loans, they are making more money for their shareholders. I am okay with this because taxpayers are poor, smelly, and need to get a job.

Impeach Taxbongo already. Jesus.

-3.2 out of 10.

I dunno. I lol'd at "Taxbongo".

Have to admit I lol'd at it too. Although conservatards conveniently forget that "Taxbongo" actually lowered their taxes.

I don't suppose maybe a new race of asshats evolved in the last hundred years and we're just noticing them right now.

The cocksuckers are laughing up their sleeves at us. When they're not laughing in our faces. Ha ha.

I miss the AIG theme song they played on those "how big is you egg" commercials.

I guess I'll never hear it again now.

Mike_LowELL: Fail Tag is for the idiots who think AIG should be required to pay any of that money back.

Wouldn't it be funny if your government said: People of America we have heard your cries; you can choose to continue to own 1% of this company or you can have $165."

And I would expect that 99% of the people would want that $165.

/Am in 0% of this number.
//My set is exclusive.
///Taxbongo was a good chuckle.

Well done, AIG.

Supersize FREEDOM.

Supersize JESUS!

/Go 'Merica!

Well, the OWS guys have assured us that the government should be forgiving loans left and right, so I guess someone at AIG was listening and drawing the obvious conclusion.

My firstborn will be named Taxbongo in Mike_LoweLL's honor.

malaktaus: Are these guys secretly Marxists trying to inflame the proletariat into rebellion, or are they merely retarded? Did it not occur to anyone that it might not be the best time for something like this? Are they really that completely out to lunch? I guess they must be. They'll probably be genuinely surprised when the revolution comes and they're the first ones up against the wall.

It's mind-boggling. And somewhat terrifying.

Mike_LowELL: AIG's goal is not to pay back loans. It is to make a profit. By not paying back those loans, they are making more money for their shareholders.

Uuuuh... Not really familiar with the details in the AIG bailout, but if US taxpayers are the majority shareholders, aren't more profits good for taxpayers?

FTA "It is important for these speakers, as well as the eight field representatives in attendance to spend quality, one-on-one time with our key distribution partners to ensure they understand our offerings," he said. "It is standard practice in the financial-services industry to hold such business development, leadership meetings."


Then do it in your farking office dick knob.

I cannot believe the balls on these assclowns.

Gig103: This is why I never loan money to people or borrow except from a bank (like my car and student loans)... Because society can't help but judge how people spend their cash. "He owes me money, how dare he go out to lunch?" "Oh I see he has money for a vacation but not to repay me!"

I am not on AIG's side, because they suck donkey balls. But who honestly expects them to pay it all back? And for that matter, GM pisses me off even more because they pretend that they repaid the bailout money, when really they had a combination of new government loans, leveraging, and savings from going bankrupt while restructuring, to come up with the cash.

If you agree to pay someone back $5000 at $100 per week and you do it, and they complain, they are the douche. If you borrow $5000, don't make any arrangements to pay it back and avoid doing so at all costs, but find the cash to go to Red Lobster for lunch instead of brown bagging it, you are the douche. Guess which category AIG falls into.

I wonder how they'd react to 'You have two weeks to pay back $25,000,000,000 and another month to pay back the rest or you're being liquidated"

"It is standard practice in the financial-services industry to hold such business development, leadership meetings." at pricey vacation resorts.

"It is standard practice in the financial-services industry to hold such business development, leadership meetings." at pricey vacation resorts.

"It is standard practice in the financial-services industry to hold such business development, leadership meetings.".... at pricey vacation resorts.


maybe this is why the financial services industry is so farked you fark face.

Jesus they are laughing at all of us that have taken pay cuts, have had health care lowered while the cost rose, & are unemployed.