Posts Tagged ‘bailout’
Ex AIG chairman joins Hall of No Shame
Posted by: msgruntled on: April 3, 2009
Let’s welcome to the Hall Maurice “Hank” Greenberg, former head of AIG, who yesterday told Congress he had NOTHING to do with the rabbit hole AIG’s Financial Products division took the country down. It’s all the fault of the managers who succeeded him, he said. When asked if his miserly charity would give any money back to taxpayers, Greenberg said: “You can go out on the street and start collecting.”
Big 3 Auto and UAW Bailout Bailed: What’s Good for the Goose Should Be Good for the Gander
Posted by: msgruntled on: December 12, 2008
Before you go beating on the UAW and unions, here’s a thought: If the Senate wants to roll back union wages to match our Japanese competitors, then they should also be requiring that management do the same with their salaries. There are lots of comparisons of global executive pay ratios, and they differ somewhat in the figures. But taking the most conservative estimate figures, the ratio of CEO pay to that of the average employee in Japan is about 11. In the U.S., it’s 350 to 400!
Mortgage bailouts taken WAY too far
Posted by: msgruntled on: November 13, 2008
Okay, so the rest of the country is going to help you out and modify your loan. But you should not also walk away with a clean credit score, too.
AIG’s sudden empathy attack
Posted by: msgruntled on: November 10, 2008
AIG is suddenly concerned about the American economy and its shareholders. Where were they when they took on all those risky investments to make a buck?
So much for the “discipline of the market”
Posted by: msgruntled on: September 18, 2008
I’m not an economist. I am a working professional. And here’s my woman-in-the-street feelings on the whole mess America’s economy is in circa September, 2008: Free-market capitalism is the philosophy of the rich and greedy and it’s time to bury it.
rants about rampant stupidity, hypocrisy, bad customer service, and other annoyances that are thinning my hair out
- Ex AIG chairman joins Hall of No Shame « msgruntled: [...] About Class warfare in America: the elephant in the room Introducing the Hall of No-Shame; Nominations welcome [...]
- jm: I just got the message from the Jack Stone dickhead.
- msgruntled: No he didn't pay penalties, he paid interest. There is a difference. The Washington Post covered this story in detail including several interviews wit
