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View Full Version : AIG Execs Should Quit Or Commit Suicide



Molon Labe
03-17-2009, 11:38 AM
Can't disagree with the Senator. :cool:

http://www.breitbart.com/article.php?id=D96VPAT82&show_article=1


IOWA CITY, Iowa (AP) - Iowa Sen. Charles Grassley suggested that AIG executives should accept responsibility for the collapse of the insurance giant by resigning or killing themselves.
The Republican lawmaker's harsh comments came during an interview Monday with Cedar Rapids, Iowa, radio station WMT. They echo remarks he has made in the past about corporate executives and public apologies, but went further in suggesting suicide.

"I suggest, you know, obviously, maybe they ought to be removed," Grassley said. "But I would suggest the first thing that would make me feel a little bit better toward them if they'd follow the Japanese example and come before the American people and take that deep bow and say, I'm sorry, and then either do one of two things: resign or go commit suicide.

"And in the case of the Japanese, they usually commit suicide before they make any apology."

Japanese executives often take responsibility for scandals within their companies by issuing public apologies on camera and stepping down. It is rare, however, that business executives have gone so far as to take their lives. In feudal Japan, ritual suicide was considered an honorable death under the samurai warrior ethic.

Grassley spokesman Casey Mills said the senator isn't calling for AIG executives to kill themselves, but said those who accept tax dollars and spend them on travel and bonuses do so irresponsibly.

"Senator Grassley has said for some time now that generally speaking, executives who make a mess of their companies should apologize, as Japanese executives do," Mills said. "He says the Japanese might even go so far as to commit suicide but he doesn't want U.S. executives to do that."

The senator's remarks added to a chorus of public outrage over the disclosure that AIG intends to pay its executives $165 million in bonuses after taking billions in federal bailout money. President Barack Obama on Monday lambasted the insurance giant for "recklessness and greed" and pledged to try to block payment of the bonuses.

hazlnut
03-17-2009, 05:15 PM
This guy is a hoot!!!


Grassley made another eyebrow-raising comment about the insurance group. At a press event today, he told reporters that it's "irresponsible for corporations to give bonuses" when they're "sucking the tit of the taxpayer."



http://www.youtube.com/watch?v=iCsbva1eCNI&eurl=http://www.huffingtonpost.com/2009/03/17/chuck-grassley-aig-suckin_n_176012.html

FlaGator
03-17-2009, 05:16 PM
:rolleyes::rolleyes::rolleyes:

PoliCon
03-17-2009, 05:21 PM
Ah populism. Lets ignore the facts like how AIG was contractually obliged to pay these bonuses - or how it's CONGRESS that gave AIG this money with zero oversight written into the bill - or the BILLIONS the government wastes all the time - OR how much money AIG gave to politicians by way of campaign contributions . . . . no lets demonize these guys who were just getting the money owed to them because we have to have a scape goat and a way to distract from the real issues . . . .:rolleyes:

FlaGator
03-17-2009, 05:23 PM
Ah populism. Lets ignore the facts like how AIG was contractually obliged to pay these bonuses - or how it's CONGRESS that gave AIG this money with zero oversight written into the bill - or the BILLIONS the government wastes all the time - OR how much money AIG gave to politicians by way of campaign contributions . . . . no lets demonize these guys who were just getting the money owed to them because we have to have a scape goat and a way to distract from the real issues . . . .:rolleyes:

This is why vigilantism is outlawed.

PoliCon
03-17-2009, 05:28 PM
This is why vigilantism is outlawed.

These senators should be brought up on charges since this kind of crap is resulting in death threats against these execs.

Molon Labe
03-17-2009, 07:45 PM
Ah populism. Lets ignore the facts like how AIG was contractually obliged to pay these bonuses - or how it's CONGRESS that gave AIG this money with zero oversight written into the bill - or the BILLIONS the government wastes all the time - OR how much money AIG gave to politicians by way of campaign contributions . . . . no lets demonize these guys who were just getting the money owed to them because we have to have a scape goat and a way to distract from the real issues . . . .:rolleyes:

No let's demonize them because they sucked as businessmen and now want you and me to fix their little problem.
It's your tax money...... See the problem is if you don't have any money to give to someone as a bonus cause your business sucked ass and went under.......and you take a government hand out.....Uncle Sam get's to tell you what you can do with it.
Another reason why I'm an advocate of the free market.

Gingersnap
03-17-2009, 07:58 PM
This entire thing is a mess. I'd like to know who is getting a bonus for what. AIG is a huge company and most of the employees don't work for the mortgage/banking/bailout part. If I worked for the insurance end and I brought in enough bucks to qualify for a bonus, you bet I'd want that. It's part of my compensation package.

They rushed through this thing so fast that they didn't have any time to make some common sense distinctions between the execs who were at fault and those who weren't. Punishing the divisions that actually make money and don't break the law or stretch it beyond belief serves no purpose.

Molon Labe
03-17-2009, 08:24 PM
This entire thing is a mess. I'd like to know who is getting a bonus for what. AIG is a huge company and most of the employees don't work for the mortgage/banking/bailout part. If I worked for the insurance end and I brought in enough bucks to qualify for a bonus, you bet I'd want that. It's part of my compensation package.

They rushed through this thing so fast that they didn't have any time to make some common sense distinctions between the execs who were at fault and those who weren't. Punishing the divisions that actually make money and don't break the law or stretch it beyond belief serves no purpose.

My understanding of this is, the business is on the verge of bankruptcy....so unless you get the goverment goodies "bailout", you wouldn't even get a paycheck much less a bonus. If I'm reading it correctly then why should we care if they get their "bonus". What does "bonus" mean when you're business has failed?

Gingersnap
03-17-2009, 08:40 PM
My understanding of this is, the business is on the verge of bankruptcy....so unless you get the goverment goodies "bailout", you wouldn't even get a paycheck much less a bonus. If I'm reading it correctly then why should we care if they get their "bonus". What does "bonus" mean when you're business has failed?

This is a global concern and other divisions are making money. They shouldn't be penalized. It's like if your state work force was tied up in a similar situation. Say that your Department of Transportation absconded with Fed and General Fund money to party hardy at the casinos. They are bankrupt but hey! - people got to have roads and cross-walks, right?

That's no reason to punish your Gaming Division who are still actually bringing in the real money. They had nothing to do with DOT. Now, firing the entire Governor's Office - that makes sense.

PoliCon
03-17-2009, 11:18 PM
No let's demonize them because they sucked as businessmen and now want you and me to fix their little problem.
It's your tax money...... See the problem is if you don't have any money to give to someone as a bonus cause your business sucked ass and went under.......and you take a government hand out.....Uncle Sam get's to tell you what you can do with it.
Another reason why I'm an advocate of the free market.

shit head - you do realize that it is possible in the insurance business to do everything right and still lose money - right? All it takes is a huge natural disaster say . . . . a hurricane Katriana for example - or a series of such - to max out the funds of an insurance company. :rolleyes: Either way - I REFUSE to demonize these execs. The problem isn't the bonuses - the problem is they should never have been given our tax money in the first place. So - lets demonize the real villains here - the CONGRESS.

PoliCon
03-17-2009, 11:19 PM
They rushed through this thing so fast that they didn't have any time to make some common sense distinctions between the execs who were at fault and those who weren't. Punishing the divisions that actually make money and don't break the law or stretch it beyond belief serves no purpose.They didn't have time??? I call bullshit on that ginger. They didn't want to TAKE the time to read it.

AlmostThere
03-17-2009, 11:41 PM
These senators should be brought up on charges since this kind of crap is resulting in death threats against these execs.

Are you serious?

PoliCon
03-17-2009, 11:43 PM
Are you serious?

yes I am very serious. AIG execs have received death threats.

AlmostThere
03-18-2009, 12:40 AM
yes I am very serious. AIG execs have received death threats.

Do you think maybe they've received death threats because of the damage they've inflicted on this country? Somehow I don't think it's likely that a politician's pronouncement is gonna generate a death threat for anyone. We'd have to have genuine respect for the politicains in order for that to happen, and that pretty much rules out that possibility. We're told AIG is to big to fail. Supposedly if they go down it could take the entire economy with it. So to avert this we've pumped over 150 Billion into the company with more to come I'm sure. They decided to play fast and loose with a company that could bring us to our knees. I think AIG executives earned everything coming their way.

Madoff did less damage then AIG and he's hustled in and out of court in a bullet-proof vest and he will for sure be spending the rest of his life in prison. So there's no real need to kill him in order to punish him. But still, he wears the vest.

PoliCon
03-18-2009, 10:09 AM
Do you think maybe they've received death threats because of the damage they've inflicted on this country?Well lets think - prior to the fake outrage about the bonuses - no death threats. Fake congressional/presidential indignation and media feeding frenzy about the bonuses - death threats. What do you think?

FlaGator
03-18-2009, 10:30 AM
Do you think maybe they've received death threats because of the damage they've inflicted on this country? Somehow I don't think it's likely that a politician's pronouncement is gonna generate a death threat for anyone. We'd have to have genuine respect for the politicains in order for that to happen, and that pretty much rules out that possibility. We're told AIG is to big to fail. Supposedly if they go down it could take the entire economy with it. So to avert this we've pumped over 150 Billion into the company with more to come I'm sure. They decided to play fast and loose with a company that could bring us to our knees. I think AIG executives earned everything coming their way.

Madoff did less damage then AIG and he's hustled in and out of court in a bullet-proof vest and he will for sure be spending the rest of his life in prison. So there's no real need to kill him in order to punish him. But still, he wears the vest.

I have issues with Congressmen suggesting that they desire death. They did some bad things... stupid things but does that warrant a leader of this country to suggest that they should commit suicide? Even in jest I don't think this is appropriate for a leader of this country.

Molon Labe
03-18-2009, 10:39 AM
shit head - you do realize that it is possible in the insurance business to do everything right and still lose money - right? All it takes is a huge natural disaster say . . . . a hurricane Katriana for example - or a series of such - to max out the funds of an insurance company. :rolleyes: Either way - I REFUSE to demonize these execs. The problem isn't the bonuses - the problem is they should never have been given our tax money in the first place. So - lets demonize the real villains here - the CONGRESS.


How about let's deomonize Congress and buisness collusion

I have a nice set of Japanese Tanto all prepared for their Sepukko. All they have to do is get in line.

Rebel Yell
03-18-2009, 10:40 AM
Where is the outrage over the UAW contracts from congress? You'll never see it.

Why? Two reasons.... 1. Aparrently the focus groups didn't favor the outrage.

2. The UAW is too deep in the pockets of the majority party.

Molon Labe
03-18-2009, 12:35 PM
I have issues with Congressmen suggesting that they desire death. They did some bad things... stupid things but does that warrant a leader of this country to suggest that they should commit suicide? Even in jest I don't think this is appropriate for a leader of this country.

I do think it was said in jest to simply exemplify his disgust at the matter. I jest that they should commit suicide, but it is deplorable to me. I can see your point that the leaders should take the high road.

SarasotaRepub
03-18-2009, 01:12 PM
Here's how I see this farce. What are we talking here?
165 million. That is chump change on the Street. And it's being split
by how many people? The most someone got was 6 mill if I remember
correctly. Big Deal.

This whole thing is nothing but a joke to take the heat off the administration
and it's screwups so far. I bet Barney Frank would like to have these people who
got the bonus money bought into Washington in chains. In fact...I'm sure he'd
like that.

This is nothing but smoke and mirrors people. Focus on the "bad" bonus
people and ignore everything else. This whole thing is so transparent it
makes me sick.

I was saying to SLW last night, if I was one of those eeeeeeeevil Bonus people
I'd take the money and her and we'd fly 1st class to Vegas!!! Then I'd take
the bonus bucs and bet it all on RED. If I won, cool. Here Barney, take the original bonus money back and F you. If I lost? I'd call Barney and just say F you. :D

And the niwits in DC want to "Special Tax" these people 100%??? Be
VERY careful what you cheer on. VERY careful.

Doc Savage
03-18-2009, 01:15 PM
How about the bonuses that congressmen and senators have? Using campaign money for personal use (not having to pay tax on it). Taking family members on business trips (at govt expense (not taxed). And best of all, voting for pay raises for them selves....

HYPOCRITS!!!!!!!!!!!!!!!!!

PoliCon
03-18-2009, 01:16 PM
And the niwits in DC want to "Special Tax" these people 100%??? Be
VERY careful what you cheer on. VERY careful.BINGO! Give that man a prize!

Molon Labe
03-18-2009, 02:08 PM
How about the bonuses that congressmen and senators have? Using campaign money for personal use (not having to pay tax on it). Taking family members on business trips (at govt expense (not taxed). And best of all, voting for pay raises for them selves....

HYPOCRITS!!!!!!!!!!!!!!!!!

Agreed. Why do we keep returning them to Washington?

PoliCon
03-18-2009, 02:10 PM
Agreed. Why do we keep returning them to Washington?

which brings us back to a simple theme - TERM LIMITS!

Molon Labe
03-18-2009, 02:25 PM
which brings us back to a simple theme - TERM LIMITS!


Best argument yet written on the subject.

http://ecx.images-amazon.com/images/I/418MkijxnQL._SL210_.jpg

AlmostThere
03-18-2009, 05:38 PM
Well lets think - prior to the fake outrage about the bonuses - no death threats. Fake congressional/presidential indignation and media feeding frenzy about the bonuses - death threats. What do you think?

I still don't think it's a result of any politician's outrage at least not directly. I imagine anyone who'd consider a death threat against AIG exec's after hearing a politician yell are not doing it because of what the politician said. More likely the wanna-be killer had no idea what was going on and only learned when the TV camera shined on a pissed politician. I think our wanna-be killer would be "death threatening" no matter who had been the messenger.

Personally, I think the 165 million in bonuses are a joke when you consider our other financial problems. But that doesn't stop Barney Frank's committee from spending the day being indignant with AIG's CEO.

But it is very hard not to want the head on a stick of each and every corporate SOB and government SOB who has brought us to this point. And if they're scared shitless that someone is going to do them harm, oh well. I'm scared shitless as to what this disaster is going to do to my country.

PoliCon
03-18-2009, 05:41 PM
I still don't think it's a result of any politician's outrage at least not directly. I imagine anyone who'd consider a death threat against AIG exec's after hearing a politician yell are not doing it because of what the politician said. More likely the wanna-be killer had no idea what was going on and only learned when the TV camera shined on a pissed politician. I think our wanna-be killer would be "death threatening" no matter who had been the messenger.

Personally, I think the 165 million in bonuses are a joke when you consider our other financial problems. But that doesn't stop Barney Frank's committee from spending the day being indignant with AIG's CEO.

But it is very hard not to want the head on a stick of each and every corporate SOB and government SOB who has brought us to this point. And if they're scared shitless that someone is going to do them harm, oh well. I'm scared shitless as to what this disaster is going to do to my country.

That's the point though. Frank and Barry and the rest in DC and their accomplices in the press are demonizing the AIG execs to the point where these men are now getting death threats. :mad: Given that this is a smoke and mirrors scandle - these senators who are stirring the pot should be brought up on charges. :mad:

AlmostThere
03-18-2009, 05:48 PM
Today Obama was speaking to reporters and was asked if he had any reservations about the $100,000+ he'd taken from AIG and if he supported Geitner. His answer: totally support Geitner and totally ignored the question about the $100,000. I'm Shocked. :rolleyes:

PoliCon
03-18-2009, 05:50 PM
Today Obama was speaking to reporters and was asked if he had any reservations about the $100,000+ he'd taken from AIG and if he supported Geitner. His answer: totally support Geitner and totally ignored the question about the $100,000. I'm Shocked. :rolleyes:

And that reporter will never be allowed back . . . .:rolleyes:

AlmostThere
03-18-2009, 05:57 PM
That's the point though. Frank and Barry and the rest in DC and their accomplices in the press are demonizing the AIG execs to the point where these men are now getting death threats. :mad: Given that this is a smoke and mirrors scandal - these senators who are stirring the pot should be brought up on charges. :mad:

I agree with you 100%, this is a smoke and mirror scandal. These bastards are spending 100's of billions and their panties are in a knot over 165 million? It's bullshit. But stirring a pot of bullshit isn't a crime. If it was DC would be in jail. I'd throw in jail the idiots making the threats. Not because they made threats, but because they were stupid enough to allow themselves to be used in this little charade.

PoliCon
03-18-2009, 06:52 PM
I agree with you 100%, this is a smoke and mirror scandal. These bastards are spending 100's of billions and their panties are in a knot over 165 million? It's bullshit. But stirring a pot of bullshit isn't a crime. If it was DC would be in jail. I'd throw in jail the idiots making the threats. Not because they made threats, but because they were stupid enough to allow themselves to be used in this little charade.

and what's wrong with putting DC in jail???:cool:

marinejcksn
03-18-2009, 06:55 PM
I'm getting the feeling a lot of us are split on how to feel about this one. On the one hand it's frustrating to see a company who got over 160 billion dollars of our taxpayer money using over 150 million of it to give bonuses to executives. On the other hand:

-They should've never been bailed out in the first place.

-Chris Dodd wrote into the legislation that contracts prior to the bailout would still be honored, which these bonuses were.

The bonuses don't pi$$ me off so much, mainly because I've always felt if you enter a contract with someone, you honor your agreement. Congress is just using this phony outrage to get dimb-bulb Americans to take their eyes off how badly they're F&*king up.

Also, Barney Frank is a big fat douche. That is all. :cool:

AlmostThere
03-18-2009, 07:01 PM
I haven't heard a peep out of anyone's mouth about the 6 figure bonuses Fannie and Freddie are getting ready to hand out. I'm sure Barney is getting ready to bust loose on them at any second for being such crooks and giving bonuses to boot. :rolleyes::rolleyes::rolleyes: /sarc/ /sarc/ /sarc/ /sarc/

AlmostThere
03-18-2009, 07:17 PM
and what's wrong with putting DC in jail???:cool:

Did I say I had a problem with it???? :p

THE RESISTANCE
03-18-2009, 07:51 PM
As the BBC said briefly the other night this is just to draw attention away from the total picture of the economic crisis and the handling of it by the administration.

I believe it is so and Obama and the Congress are in alliance on this, to give the nation of sheeple a scapegoat to slaughter, a dragon to slay . This is Textbook Marx( but used by many governments, even ours on other things) to make the proletariat mad at the bourgeois as the Democrats want to hurt capitalism more to move to socialism. The problem is that to many capitalist are falling in goosestepping along with them and when the damage is done will look around and wonder how they got in the ranks.

This is to draw attention away from the governments original failure just to let AIG fail.

Thirty billion more or less of taxpayers money of the bailout went to banks and financial institutions in France and other places. This makes the the couple hundred million seems like small change.

AlmostThere
03-18-2009, 09:04 PM
I'm a big fan of K.Rove. He was on Hannity a few minutes ago and really put that 165 million in perspective. 4 one hundredths of 1 percent of this years budget.

PoliCon
03-18-2009, 09:21 PM
Thirty billion more or less of taxpayers money of the bailout went to banks and financial institutions in France and other places. and that's something they want to hide!

SarasotaRepub
03-18-2009, 09:29 PM
I'm a big fan of K.Rove. He was on Hannity a few minutes ago and really put that 165 million in perspective. 4 one hundredths of 1 percent of this years budget.


Teh Rove is all knowing...:cool:
And I was watching that too. He had his eeeeeevil White Board out. :D

PoliCon
03-18-2009, 09:37 PM
Teh Rove is all knowing...:cool:
And I was watching that too. He had his eeeeeevil White Board out. :D

you mean his eeeeeeevil white board of eeeeeeeevil don't you? ;)

AlmostThere
03-18-2009, 09:46 PM
you mean his eeeeeeevil white board of eeeeeeeevil don't you? ;)

I love that white board. That white board knows more than 99 % of Washington.

lacarnut
03-18-2009, 10:18 PM
And that reporter will never be allowed back . . . .:rolleyes:

Right but at least once in a blue moon a reporter asks a hardball question. The media will eventually get tired of his ignoring their questions and being dismissed like a bunch of little children. Talking down to the media will get old in a hurry.

If anyone should commit suicide, I could name a shit pot full of Democraps that fail to take any responsibility.

PoliCon
03-18-2009, 10:29 PM
Right but at least once in a blue moon a reporter asks a hardball question. The media will eventually get tired of his ignoring their questions and being dismissed like a bunch of little children. Talking down to the media will get old in a hurry.

If anyone should commit suicide, I could name a shit pot full of Democraps that fail to take any responsibility.

no they won't! You're operating under the assumption that they are journalists rather than sycophants. REMEMBER WHAT HELEN THOMAS SAID! They're all waiting their turn to get their lips around his member and their chance to worship. :mad: