Well if $500 million is worth a life sentence what do you suppose they should do to Franklin Raines and cohorts who set the whole deal up that made it easy for AIG to destroy itself. Oh, that’s right he’s an Obama friend so I guess he’s in the clear.
c’mon, JD…McCain lost, Obama won. We all know it and are happy for you but it’s all over now. While I didn’t vote for Mr. Obama, he’s going to be our president now and has my full support.
McCain expressed his appreciation of Obama and pledged to help in any way he can. Obama praised McCain last night, why can’t you?
Back to the actual subject at hand, those five guys should all be given an all inclusive trip to the Riker’s Island Spa and Prison Facility.
Hank is just to much to blame for AIG as any other AIG’s CEO since…He knew what his management team was asking of Gen-Re…Shift money around to hide our loss ratio and exposure. hmmmmmm sound familiar…..they then found a thing called CREDIT SWAPS………Didn’t need Gen-Re anymore we got Freddy Mac to work with………
If the government puts these guys in prison then they also need to put Democrats like William Jefferson in prison also. They have the man on video tape taking a $100,000 bribe and then find the cash in his freezer and he was just reelected to congress. He hasn’t even been procecuted yet.
Life in prison sounds good to me if found guilty. It’s more likely they’ll pay a fine and get out in a few years for good behavior or some other excuse.
Unfortunately, your naive and whimscical comments have no relevance to the conviction or sentences to which the five now face. The loss portfolio transfer has no causual connection to the credit-default swap that is the root cause of AIG’s financial collapse.
It’s a grave travesty of justice when the court finds these five guilty of a scam transaction but yet turns a blind eye to Hank Greenberg and Warren Buffett’s role in this false transaction. Who profited from the LPT? The five individuals or Hank and Warren when the scheme was devised in 2004?
These five insurance professionals were caught in the middle of what started out to be a legitimate insurance transaction but for reasons unknown did not complete the purchase of AIG’s case reserves.
The ones that benefited were Gen Re and AIG not the five fall guys and gal.
A little benevolence and less criticism would be in order. Oh! by the way, be careful how you handle your transactions.
Monika, just exactly what does this article have to do with politics? I think you could also point to a more recent verdict related to Republican Ted Stevens, or are you just sore about the election results and looking for a reason to vent, even when it has no relevance to the subject at hand?
My Sainted Dad once told me, “Son, if you spit on the sidewalk, you could get a YEAR in jail….-but if you STEAL (sic) a RAILROAD, you could get a seat in Congress !”
Meaning: Big crooks get “respect” (!)
-Well,thanks to Hank, Warren, and Franklin Raines, (our President-Elects’ boy) and the Good Ole Boys for what you’ve done to America and to lots of us: screwed us-over regally.
We trusted you and you demonstrated your criminal nature
I hope you’re all sentenced to 40 years in Attica.
See how you like it sleeping with your back to the wall !
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Well if $500 million is worth a life sentence what do you suppose they should do to Franklin Raines and cohorts who set the whole deal up that made it easy for AIG to destroy itself. Oh, that’s right he’s an Obama friend so I guess he’s in the clear.
If AIG could destroy itself that easily, then they deserve to go to jail. You really do need to take some responsibility here.
If you can’t do the time, don’t do the crime. No matter who the president is.
Scary how these five men could possibly be responsible for the current financial state we are in. No matter who the president is.
Amazing how people still defend these heavy hitter wrong doers. You must have so much money that it doesn’t bother you. Oh yeah, so does John McCain.
c’mon, JD…McCain lost, Obama won. We all know it and are happy for you but it’s all over now. While I didn’t vote for Mr. Obama, he’s going to be our president now and has my full support.
McCain expressed his appreciation of Obama and pledged to help in any way he can. Obama praised McCain last night, why can’t you?
Back to the actual subject at hand, those five guys should all be given an all inclusive trip to the Riker’s Island Spa and Prison Facility.
Hank is just to much to blame for AIG as any other AIG’s CEO since…He knew what his management team was asking of Gen-Re…Shift money around to hide our loss ratio and exposure. hmmmmmm sound familiar…..they then found a thing called CREDIT SWAPS………Didn’t need Gen-Re anymore we got Freddy Mac to work with………
And people want Hank back in at AIG…….
If the government puts these guys in prison then they also need to put Democrats like William Jefferson in prison also. They have the man on video tape taking a $100,000 bribe and then find the cash in his freezer and he was just reelected to congress. He hasn’t even been procecuted yet.
Life in prison sounds good to me if found guilty. It’s more likely they’ll pay a fine and get out in a few years for good behavior or some other excuse.
Unfortunately, your naive and whimscical comments have no relevance to the conviction or sentences to which the five now face. The loss portfolio transfer has no causual connection to the credit-default swap that is the root cause of AIG’s financial collapse.
It’s a grave travesty of justice when the court finds these five guilty of a scam transaction but yet turns a blind eye to Hank Greenberg and Warren Buffett’s role in this false transaction. Who profited from the LPT? The five individuals or Hank and Warren when the scheme was devised in 2004?
These five insurance professionals were caught in the middle of what started out to be a legitimate insurance transaction but for reasons unknown did not complete the purchase of AIG’s case reserves.
The ones that benefited were Gen Re and AIG not the five fall guys and gal.
A little benevolence and less criticism would be in order. Oh! by the way, be careful how you handle your transactions.
Monika, just exactly what does this article have to do with politics? I think you could also point to a more recent verdict related to Republican Ted Stevens, or are you just sore about the election results and looking for a reason to vent, even when it has no relevance to the subject at hand?
My Sainted Dad once told me, “Son, if you spit on the sidewalk, you could get a YEAR in jail….-but if you STEAL (sic) a RAILROAD, you could get a seat in Congress !”
Meaning: Big crooks get “respect” (!)
-Well,thanks to Hank, Warren, and Franklin Raines, (our President-Elects’ boy) and the Good Ole Boys for what you’ve done to America and to lots of us: screwed us-over regally.
We trusted you and you demonstrated your criminal nature
I hope you’re all sentenced to 40 years in Attica.
See how you like it sleeping with your back to the wall !