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AIG Claims It Overpaid Taxes, Sues GovernmentPosted on Mar 20, 2009
Having succeeded in dispensing tens of millions of dollars to company executives last week as the country—and Congress—cried foul, the insurance titan is now suing the government to reclaim millions in taxes. Apparently AIG officials believe they paid the IRS too much and now are demanding a huge tax rebate.
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By samosamo, March 23, 2009 at 2:01 pm Link to this comment
By daga, March 23 at 3:40 am #
@CaptRon.
Report thisI agree with both of you, pretty equally except for your comment ‘it’s only money’. Although it just may be one of the starting points of issues that abound today like weeds left to grow as they will, some prick eons ago invented the concept of money or rather someone decided to pretend that something like gold was far more valuable than anything else, so people started worshipping gold or the faux importance of gold.
Not knowing the true sequence of events, then the agricultural society was invented when it was found that people as a mass are basically lazy and that if food was ‘grown’ in an area, the people would congregate thus cities are born. Realizing how convenient convenience was, before long the industrial society was born which has now brought us though the nuclear age then into the information age and now into the financial age where money is the convenience that people’s lives are based on.
Now I have considered this the age of cancer, which means the growth of everything except those natural resources that sustain life are now in jeopardy from all those fast replicating cancer cells know as humans. So when ‘money’ is considered ‘it’s only money’ when it has been crafted into such a necessity for living, I lean towards CaptRon’s tirade and venting. And those that have premeditatively brought this financial disaster down on this world are to be treated as if ‘it was only money’ but what it is is that people’s designated life support in this ‘modern’ era is being denied to them, then there is absolutely NO difference than it being any kind of terrorist attack with or without WMD. And those people are far past the point when they should have been called out for their crimes and dealt with accordingly with CaptRon’s deserving full attention. This IS what it means to have war declared upon us all by those few that want it all and they want it conveniently as they can get it.
By Bat Guano, March 23, 2009 at 6:48 am Link to this comment
(Unregistered commenter)
For the best article I’ve read to date on the AIG mess and financial mess in general:
http://www.rollingstone.com/politics/story/26793903/the_big_takeover/1
Report thisBy Dag Andersson, March 22, 2009 at 11:40 pm Link to this comment
@CaptRon.
Your displeasure with “the state of the union” comes rather late-don’t you think ? After 8 years of illegal Wars, rendition, torture and unbridled support for Israel and her genocidal attack on Lebanon and Gaza. Add to that US’ obstructionism re international problems like climate change, landmines, cluster bombs, Law of the Sea , NPT and transparency in international banking. All of this is a result of American ethnocentricity and misplaced patriotism. Now you find yourselves victims, and finally your “cup runneth over”. I understand your frustration with these “Robber barons”, but it is just money. The transformation of US into a faschistoid rogue state is far more severe.
Report thisBy CaptRon, March 22, 2009 at 10:46 pm Link to this comment
Excuse me, you ask people like myself for help, you crap on us, then litigate us thus saying you have been treated unfairly. My patience has worn thin with you people at AIG and those like you. There will be a revolution directed at people like you, not vigilanteism but I’m sure you can’t run far. You smug bastards belong with Bernie. I would rather bailout the companies you swindled than to give in to you. I want to see you materialistic jerks punished, and the punishment I wish for you is the looks you get from your family when everything is taken from them and they know it was because you didn’t care enough to consider them. I want them pennyless and poor. I want them to have to beg for help, only to be ignored. I want them to look at you and know it was your fault. I want you to know it was your fault, that because of your actions they are without dignity, like your kind forced many others to have to experience. ENOUGH!!
Report thisBy Clash, March 22, 2009 at 12:05 pm Link to this comment
The empire has 2 new places to send troops to ,the lobby of AIG, and the federal reserve bank, a little shock and awe would be good for them.
Report thisBy diamond, March 22, 2009 at 11:28 am Link to this comment
From a bank that launders the CIA’s drug money you were expecting morality -even decency. Dream on. Having said that, this gang of crooks can’t be allowed to go under because if they do they’ll take everyone’s pension fund with them, not to mention God only knows how many businesses around the world. Once this crisis is over, you need to think about regulating the corporate world: that is if you want to become a democracy.
Report thisBy Kaelieh, March 21, 2009 at 8:52 pm Link to this comment
(Unregistered commenter)
I really think we should just take a cue from the French and storm Versailles. Nothing will change in this country with a Velvet Revolution, if we even had one.
Report thisBy Amanda, March 21, 2009 at 6:08 pm Link to this comment
(Unregistered commenter)
Wow. I could have sworn this was an artilce in the Onion. But, then, not even the Onion could make this stuff up.
Report thisBy RAE, March 21, 2009 at 3:32 pm Link to this comment
I’m amazed that so few even mention one tiny little detail…
AIG IS SUPPOSEDLY 80% OWNED BY THE GOVERNMENT.
I’ve heard this twice on TV and radio. I have no way (& no desire) to research the veracity of the claim -I’m not enough of a masochist to go looking for truth amongst armies of professional liars.
Report thisBy Exam, March 21, 2009 at 12:05 pm Link to this comment
(Unregistered commenter)
It all boils down to this - for me. If you want to seek revenge and most probably start healing the world, you must do two things. First, if you read deeply enough, you will find the common denominator of this nightmare is GOLDMAN SACHS. Cut their throats and stomp them out of existence. Second, seek out all of the filthy tentacles placed around the power spots of government including the government and investigate them. Once proven guilty, let them have their little appeal - while they remain in jail. Once the appellate process is over, parade them in front of the world while shoving them into a filthy prison - Sayyyyyyy - Guantanomo!!
If that happens, then I may consider coming back to Amerika and be productive again - I guess I might as well declare citizenship here.
Report thisBy Ribald, March 21, 2009 at 11:42 am Link to this comment
(Unregistered commenter)
It’s saddening that the public outrage has only been sparked in earnest by the impact on our wallets. When Bush made a mockery of the law and everything we stood for, we stood passively and waited for him to leave. When the bankers made a mockery of the law and stole our money, we began to rise up and demand…government-sponsored bailouts. We did it reluctantly, for the good of all, or so we thought. Only now has the public awoken in earnest to protest the vile deceit that has been increasing for decades.
If this is what it takes to stir the public outrage…it’s going to be a looong depression.
Report thisBy samosamo, March 21, 2009 at 11:19 am Link to this comment
By PSmith, March 21 at 3:40 am
You say allowing a criminal venture such as aig to survive and most assuredly to continue sucking the life out of the people financially is better than to let them and the others fail, die, crash and burn and then NEVER allowed to recover to continue their samo BS is worse?
Report thisYou have a good idea about how false our economy has been ever since that treasonous traitor woodrow wilson signed the Federal Reserve Act in 1913, confiscation of all gold and a now a private corporation with NO and I MEAN NO accountability to anyone anywhere, dictates how much money we HAVE to borrow to put us further in debt to their lousey asses and we have to continue this? I say NO WAY, LET them die then we can ‘theoretically’ rebuild it with hopefully the proper safe guards to prevent the neocons from continuing to steal and destroy this country. I firmly believe bankruptcy as bad as it is is better than a nuclear blast. But there is so much tied up in this that the demise of those institutions that brought this on is most essential for a proper recovery. By then I would suspect a lot more people will be aware of that requirement for a well functioning democracy, eternal vigilance by a healthy reporting media of conscienious people, otherwise this country will still be the ‘rope-a-dope’ victims of the financial world or ‘elite’.
By Karen, March 21, 2009 at 11:07 am Link to this comment
(Unregistered commenter)
NO! NO! NO! (And if that is not clear enough—NO!!)
They need to get their hands out of the cookie jar and go sit in the corner—wearing very large dunce caps!
The way things are going, we might as well let them all fail (AIG, Citigroup, BofA, and especially Goldman Sachs) because in trying to save them we are only prolonging (and exacerbating) our agony (poverty) not correcting the problem.
Report thisBy artie, March 21, 2009 at 8:49 am Link to this comment
(Unregistered commenter)
The person who is most responsible for the swindling at AIG, Maurice Greenberg, is sueing AIG for mismanagement! Greenberg looted AIG for 40 years, and is starting a new off-shore company to satisfy his and his wife’s insatiable greed .He is 83!! Chutzpah unlimited.
Report thisBy Bat Guano, March 21, 2009 at 7:11 am Link to this comment
(Unregistered commenter)
The headline says it all. We’ve gone done the rabbit hole as a country and there’s no coming back.
We’ve become Bizzaro world. And I thought it only existed in Superman comics and Washington D.C.
How dumb was I.
Report thisBy Purple Girl, March 21, 2009 at 6:52 am Link to this comment
Criminal Prosecutions Under RICO, which lead to the collapse of the US eocnomy (Treason) and the Glaobal economy which has endangered if not directly caused the Deaths of people around the World (Crime against Humanity). How many new Homeless related to the foreclosures died of exposure this past winter- ‘No room at the inn’. How many people,children, died due to lack of healthcare coverage- because of job loss and inability to afford COBRA? How many were not provided charitable donations of food or medicine, because Americans have had to cut back on such contributions just to survive themselves?
Report thisSo go ahead and Sue US-We’ll Freeze it and Seize it when we level RICO charges, but more poignant is the fact- You can’t take it with you when we execute you for High Crimes- good Luck with that lil’ lawsuit!
By Jim Yell, March 21, 2009 at 4:56 am Link to this comment
(Unregistered commenter)
Really what has been done here is fraud and if it isn’t recognized as fraud by the law it is because these same self arrogant, nasty and still clueless executives have been left in power and are protected by the bribes that they have paid all of our elected officials to dismember the regulation that would have limited if not stopped what has happened.
Their huge profits were made at exporting jobs and even entire factories from this country and encouraging un-sustainable debt.
They drove their corporations into ruin by not being content with just sustainable profits, but wanting ever more at the expense of most of America and now it has fallen on their heads. Put them in jail where they belong.
Don’t try to reason with them because they are proving every day that they don’t have a clue, or they are dishonest to the core. Bonus paying to people who ruined not just their corporations but our country.
But, don’t get too gentle with the investors who have basically helped to turn investment into a ponzie game by their own greed and carelessness about what out sized profits do to working people. The money has to come from somewhere and inspite of optomists they didn’t create anything but debt.
Report thisBy M. Currey, March 21, 2009 at 4:43 am Link to this comment
(Unregistered commenter)
This is what happens when Wall Street thinks it is above the law of common sense.
Why did they just discover that they overpaid in taxes, I don’t believe it. Seems it is a sudden happening and I don’t believe that when they were overpaying taxes on Bush’s watch.
The crooks knew what they were doing or they should have known, since when are mortgages given out when people have 1. No money for a down payment. 2. Have a service job that could be replaced by younger workers (after standing on your feet all day takes its toll as you get older). 3. The applications were doctored as to the income of the people wanting the mortgage.
I find it ironic that because lower income people were getting mortgages that it was entirely their own fault.
I look at Wall Street as people who think they are better than the average tax payer and deserve more.
Wall Street knew that when the regulators were looking the other way they could play fast and loose.
And then the average taxpayer should bail them out.
GIVE ME A BREAK!
Report thisBy Dag Andersson, March 20, 2009 at 11:07 pm Link to this comment
The audacity of these people is unbelievable. We have a norwegian saying for this kind behavior. Much is lost in translation, but it is something like this: “Like crapping on taxpayers doorstep,whereafter they knock on the door demanding to be handed toilet paper”.
Report thisBy G.Anderson, March 20, 2009 at 8:43 pm Link to this comment
For Christ’s sake, just let me go under.
Report thisBy Kaelieh, March 20, 2009 at 8:21 pm Link to this comment
(Unregistered commenter)
What.The.Fuck.
The 170 billion dollars of our taxes aren’t enough?
Report this