{"id":192296,"date":"2009-04-19T19:13:00","date_gmt":"2009-04-20T00:13:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/04\/19\/not-enough-bullets-aig-and-goldman-sachs\/"},"modified":"2009-04-19T19:13:00","modified_gmt":"2009-04-20T00:13:00","slug":"not-enough-bullets-aig-and-goldman-sachs","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/04\/19\/not-enough-bullets-aig-and-goldman-sachs\/","title":{"rendered":"Not Enough Bullets: AIG AND Goldman Sachs"},"content":{"rendered":"<p>Gee, it appears that the trustees that were appointed to keep the government from &#8220;interfering&#8221; in the affairs of AIG when they were taken over managed to <a href=\"http:\/\/www.nytimes.com\/2009\/04\/17\/business\/17liddy.html?partner=rss&amp;emc=rss&amp;pagewanted=all\">select a man who owned over $3 million in stock in Goldman Sachs<\/a>.<\/p>\n<p>This might explain why AIG CEO Edward Liddy was so eager to pay back Goldman Sachs at 100&cent; on those <span style=\"font-weight:bold;\">bogus<\/span> AIG credit default swaps (CDS).<\/p>\n<p>Seriously, just <span style=\"font-weight:bold;\">how<\/span> much corruption and self dealing is Obama\/Geithner\/Summers going to tolerate before they start looking at criminality?<\/p>\n<p>This is a lot worse than a, &#8220;$6000 gold-and-burgundy floral patterned shower curtain,&#8221; and the idea that the taxpayer can&#8217;t place conditions on aid, because the CEOs will choose their own pay over the well being of the taxpayer is the <span style=\"font-weight:bold;\">active and open looting of these companies<\/span> by senior management.<\/p>\n<p>It should be viewed as a criminal act.<\/p>\n<p>I&#8217;m not saying that senior management cannot quit, but I am saying that if they are unwilling to act in the best interest of the shareholders, they should be fired.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gee, it appears that the trustees that were appointed to keep the government from &#8220;interfering&#8221; in the affairs of AIG when they were taken over managed to select a man who owned over $3 million in stock in Goldman Sachs. This might explain why AIG CEO Edward Liddy was so eager to pay back Goldman &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,969,1004],"tags":[],"class_list":["post-192296","post","type-post","status-publish","format-standard","hentry","category-corruption","category-evil","category-finance"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192296"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=192296"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192296\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=192296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=192296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=192296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}