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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (464960)	3/19/2009 3:14:40 PM
From: longnshort	Respond to of 1577183

Obama is in over his head, a community antagonizer as President. Give me a fukking break.

To: michael97123 who wrote (464960)	3/19/2009 7:27:16 PM
From: tejek	Respond to of 1577183

I am led to believe that there was indeed a change of heart at the Obama admin. To what change of heart are you referring?

To: michael97123 who wrote (464960)	3/19/2009 8:18:41 PM
From: combjelly	Read Replies (1) \| Respond to of 1577183

"First they bought the wall street line about contractual obligations " It is worse than that. Apparently they bought the AIG claim that if they don't pay the bonuses that will trigger a clause in the CDS's they wrote which makes all of them come due at the same time.

To: michael97123 who wrote (464960)	3/19/2009 8:47:05 PM
From: Tenchusatsu	Respond to of 1577183

Michael, > i would say the same for the aig contracts... I'll post this link to you, since Alghieri is in complete defensive mode: In AIG flap, it's not just about bonuses anymore latimes.com Here's a good quote from the article: > One prominent economist said he thought the Wall Street pedigree of decision makers* in the Bush and Obama administration had hampered their judgment.* > "They were far too sympathetic to the needs of the bankers and in the process have not accomplished the cleanup that needed to be effected," said Peter Morici, an economist at the University of Maryland who is an outspoken critic of the bailout. "That is why we are in the mess that we are in." Tenchusatsu