Posts Tagged ‘AIG’

Independence and Transparency

Posted by Eric B. on June 11th, 2009 under Investing, Politics Tags: , , , ,  •  1 Comment

Independence.  Most would agree that it is illusory rather than reality.
Whether we are talking about public accounting and clients, government representatives and campaign financiers, or traders and “inside” contacts - it doesn’t really exist.  And although some efforts are made to avoid conflicts of interest, the reality is that most people are looking for information [...]

Bait and Switch

Posted by Jason on March 24th, 2009 under Democrat, Media, Obama Tags: , , , , ,  •  2 Comments

We’ve already had these two posts on the AIG outrage and the ridiculousness of the Congress’ response.  What I think is more ridiculous, is how people are getting caught up in less than $200 million, some of which was probably earned, instead of focusing on the bigger issue…
AIG disclosed that it paid $105 BILLION (that’s right, [...]

AIG - When to Cut Your Losses?

Posted by Eric B. on March 16th, 2009 under Investing, Obama, Politics Tags: , , ,  •  3 Comments

All the news outlets are talking about it, so why not us – A.I.G. Bonuses…where to begin? 
Upon hearing that AIG is paying around $165 million in bonuses to the derivatives group that caused their downfall, Washington has begun performing its angry dance to show taxpayers how distraught they are.  Words like “outrage” and “impropriety” [...]