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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: ChinuSFO who wrote (52374)3/20/2009 9:07:44 PM
From: Mac Con Ulaidh  Read Replies (1) | Respond to of 149317
 
Are you sure it is a bad law? it might be, but the point is right, and Obama must take heed and deal with these people bluntly. We have to know he has our backs, as we have his. period. I, for one, will not be blackmailed by con-artists who call themselves wall street wizards. fak them. there are people who will step up, or it will all fall down. yes, i would rather die in the gutter than pay them blackmail.



To: ChinuSFO who wrote (52374)3/21/2009 4:11:21 AM
From: geode00  Read Replies (1) | Respond to of 149317
 
Yes, things were pretty chaotic in Washington this week. I suspect the intensity of the rage was quite worrisome. Working for AIG must feel like being at the receiving end of a revolution of some sort...frightening.

This may be a stunt but I think it quelled some of the outrage even if it goes away in a few days. It told Americans that Congress is actually listening to the public - which it should.
If it shook up Washington and made other companies stand up and take notice, I don't think it's all bad.

At any rate, this is lovely:

"Liddy Outlines AIG 'Exit Strategy'

1:54 P.M.: Liddy laid out what he called AIG's exit strategy as he testifies before a House Financial Services subcommittee: Sell what it can sell -- the company has put two of its Manhattan buildings up for sale. The bad assets it can't sell, put in a "ring fence" trust to protect the good assets from getting poisoned.

The ring-fenced assets will be given to the Fed as payment of AIG's debt and then would be sold off later if the markets return."

voices.washingtonpost.com

We can't provide health care to people's who simply get sick but we can take on these sick 'assets' to help a casino masquerading as an insurance company. IMO, this is why we need a crazy stunt or two.