aa battery
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now i am making my car insurance payments to the federal reserve
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thanks for clearing that up for meGuy In Back said:You just don't understand...
The executives of such companies, to include the Freddie and Fannie folks, have made millions over the years...
That is millions, each year, for many years.
Now then, they are in a little bit of a slump. In order to continue to make millions, each year, for many more years, they need YOUR extra money.
See?
LOL AIG bought out my original insurance company 21st Century a few months ago.Now they knew they were in trouble but still did it.As far as my wallet nothing is in it and i walk bent over all the timeGuy In Back said:AA: Here is a portion of a New York times article in 2005... The failure, due to executive excessive compensations (in part) was predicted back then.
Here is the excerpt... maybe this will help you understand.
For example, Martin J. Sullivan, the chief executive and successor to Mr. Greenberg, received a salary of $775,000 and a bonus of $830,000 last year from A.I.G. His long-term pay under the Starr International plan was an additional $4.2 million.
The proxy also noted that Mr. Sullivan would receive a $4.9 million transition payment in cash for assuming the top job at A.I.G. this year. That payment would be in addition to his salary of $1 million.
Under the Starr International long-term pay plan, Mr. Greenberg received $10.1 million in 2004; that came on top of $1 million in salary and a bonus of $8 million from A.I.G.
The compensation given to executives under the Starr plan is not paid in cash, the filing noted, but in A.I.G. shares that the executives stand to receive when they retire from the company at age 65. The value of the awards for 2004 is based upon the number of A.I.G. shares allocated under the plan multiplied by the stock's price as of Dec. 31, 2004.
A.I.G.'s 11 top executives were allocated $42.4 million in shares under the Starr International plan last year.
http://query.nytimes.com/gst/fullpage.html?res=9E05E1DE1731F93BA15755C0A9639C8B63
Don't you see it now Can you not understand this
Well, if you can't, so what, just open your wallet and bend over.
mastereagle22 said:AA
What it all boils down to is this. Congress, The Presidental Candidates and all other elected officials that run campaigns get money from AIG. BIG money. So they decided that the people at the top who have mismanged the company and gotten paid Millions of dollars in the process, should be allowed to leave without penalty while we the tax payers making on average of $30,000-$100,000 a year bail out this multi-Billion dollar screw up because you and I are too stupid to realize we are getting screwed.
AIG insures other banks and their loans in case of default so if the Gov't had let them collapse it would have destroyed hundreds if not thousands of other banking institutions crippling the U.S. economy.
AGAIN I say let the SOB's that ran these companies pay back the Millions they have made in the last few years to help ease the burden we as tax payers will have to make up.
But I can promise you that will never happen.
rmptr said:That, is exactly how I feel about it, Ray.
If a loan is not paid, we knows what happens... the lender takes possession of the collateral.
Best
rmptr
aa battery said:rmptr said:That, is exactly how I feel about it, Ray.
If a loan is not paid, we knows what happens... the lender takes possession of the collateral.
Best
rmptr