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‘Left, Right & Center’: AIG Angst; Happy New Year, Iran!

Posted on Mar 20, 2009
Left, Right & Center

Have the American media become too fixated on AIG and its nefarious bonuses—at the cost of focusing too little on the whereabouts of the other gajillions of dollars doled out in bailout funds? What’s to become of Timothy Geithner? And how about those warm New Year’s wishes that winged their way to the people of Iran from the U.S. and Israel?


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By ispy, March 22, 2009 at 2:31 am Link to this comment
(Unregistered commenter)

If you think this is bad then you should watch “Obama Deception” [and lies, business as usual and much worse than Bush could ever dream of] with detailed proof!

Please watch and distribute to everyone you know:

or for higher quality version:

I think “truthdig” should have a Main Section and thread to discuss this video and it’s information.

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By Old Ed Of The Delta, March 21, 2009 at 8:29 pm Link to this comment

The so called specious bonus payments made to the anointed ones at AIG amount to less than .001% of the total “loans” made to the corp. by Uncle Sammy.

We are a country of laws that must be upheld. Contractual agreements are subject to our laws and must be upheld even if our elected representatives fail to read the fine print in their haste and largess.

Passing ex post facto legislation will not pass constitutional muster not with standing the repugnance of paying off the these obligations.

I read in the papers that the village of Fairfield, Conn. is being besieged by the union rabble rousers and other malcontents from adjacent communities to protest the AIG executives who live there and are accused of lining their pockets with hard earned public tax dollars.

That is the price one must pay when one reaches the pinnacle of “success”. But all hell breaks loose when the unwashed finds out that the Wall Street nobility are feeding at the public trough while the rabble are suffering the slings and arrows of outrageous fortune by losing their jobs and being foreclosed on their property by some of the very people who are responsible and are receiving the bonus rewards.

The elite and their children are destined to be the leaders in American business and politics. Their children must be enrolled in the top academic universities and colleges in order to learn and meet their fellow compatriots.

The cost of this education is far beyond the what the sub-economic social class can afford. If we are to preserve some semblance of order and control of the top leadership in the American and world wide business community, then we must compensate those in the prominent positions even if they have failed in their fiduciary obligations at times.

The preservation of this economic dynasty is absolutely essential to the American living standard and our way of life.

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By Fadel Abdallah, March 21, 2009 at 8:24 pm Link to this comment

Yesterday marked the 6th anniversary of the American led “axis of evil” terrorist attack on Iraq. I was hoping that Truthdig will post a thread related on this topic. However, since the Iraqi Holocaust is an inconvenient truth that criminal political-military America would wish to forget, someone needs to remind us all about all the blood we have on our hands!

Even Obama, who ran on a platform of opposition to the Iraqi war, and mostly won because of it, found it convenient to ignore the tragic anniversary, and made time to go and have fun and laugh on a comedian’s show! What a disappointment! Now that you’re in the White House, Mr. President, it’s expedient to even ignore the Iraqi Holocaust!

Most of us, never even cared about keeping a count on the Iraqi victims, but some conscientious person did, and here is the account!
Iraqi Holocaust: 2.3 Million Iraqi Excess Deaths
By Gideon Polya

“March 20, 2009 marks the 6th anniversary of the illegal, utterly unjustified, war criminal invasion of Iraq by US, UK and Australian forces. Post-invasion violent and non-violent excess deaths total 2.3 million and refugees total 6 million in a continuing Iraqi Holocaust and Genocide..”

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By jr., March 21, 2009 at 11:38 am Link to this comment

Personally, i’m sick of hearing politicians lying words, double standards, and warmongering.  Now is the time for right action, and they should start with that bush-crime-family.

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By Hate Police, March 21, 2009 at 8:15 am Link to this comment
(Unregistered commenter)

I am very surprised that you would appear on a show with Lawrence O’Donnell. Didn’t you see his hateful rant—on a public media show—about Mormonism?!?

Do you really think this has a place on public media:

Lawrence O’Donnell belongs on AM talk radio. The above rant reminds me of similar rants I have heard about Islam and Catholicism while listening to KFI. It is wildly inappropriate for public media.

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By wildflower, March 20, 2009 at 10:45 pm Link to this comment

Great discussion as usual.  Sheer is right - it’s good to finally get off the “demonization track.”  In regard to the AIG “bonus” issue, I just read an option that I think is much better than anything our illustrious folks in Washington have proposed. The option is listed in Dean Bakers’s “AIG Saga: A Brief Primer.”  A link for Baker’s “Primer” is on Ezra Klein’s site.

“AIG Saga: A Brief Primer” by Dean Baker [CEPR]
Page 2: “Does the Government have to pay the money?”

“. . . insist that the private shareholders pay for the bonuses.  Private shareholders still own 20 percent of the company. The market capitalization is approximately $2.6 billion. This means that the 20 percent stake ($520 million) owned by private shareholders can easily cover the $165 million in bonuses.

Under this arrangement, the government would tell AIG to sell enough new shares to cover the $165 million cost of the bonus. Since the money is supposed to come from the private shareholders 20 percent stake, for every share that AIG sells to the public, 4 shares will be awarded to the government. This keeps the government stake at 80 percent. . .”

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