AIG and the Bonus

[greg334]

I didn't know he signed an exec order, I thought that was done through the court with a Clinton appointee who banned weapons from the park until an environmental impact study was done. To me it is clear, the environmental impact study is in effect used to circumvent the 2nd amendment, which in turn was reinforced by a recent supreme court decision. Maybe like other things, this judge should be up for review and possibly impeachment by the congress who actaully passed the law allowing this in the first place.

It is like the class action suit moving forward over AIG and the different state pensions. The state of Michigan is suing AIG over the idea that they misrepresented the risk of the investments that they made. The state dumped money into funds run by AIG that have lost money but didn't go insolvent. The case is frivolous for a number of reasons and the judge who allows it to go forward should be impeached. The problem is two fold; 1 - the state knew the risk of any investment made for any pension fund, there is an always a risk of loses incurred when investing. 2 - according to the senate, We the People OWN AIG so the state is essentially suing us, I want to know why isn't the senators screaming about this and stopping it? The impact to AIG, I mean the stock holders - US the People - is far greater than the $175M that they handed out in bonuses. I think this is another way to cash in on the bailout funds.

 

[layoutshooter]

Greg, I am not sure if the story on the Exec order was correct. The story I heard was an AP story and we both know they are NOT noted for being right on details. Either way, it is not Constitutional in any way. The Federal government has NO legal authority to "Infringe" on my RIGHT to Keep and BEAR arms. For those of you who don't understand the term bear, it means to carry.

Let's other un-constitutional moves:

Attempting to levie a retro-active tax
Attempting to tax a specific group or individual
Assuming guilt over innocence i.e.: back round checks to buy guns, bullet ingraving and registration of ammunition purchases, firearm registration, limits on types of firearms, numbers purchased in a month/year. Magazine capacity restrictions
Fairness Doctrine

Just to name a few. Hitler would be proud.

Layoutshooter

 

[greg334]

No problem, I read it through an email I get from a watchdog group (believe me they are way left of center and they say this is bizarre).

The problem I see is simple, there are far more people out there who are honest and quite willing to make a go at representing us than there are people in congress and by voting out the incumbents, it gives a real chance for people to get in where they count.

The other thing I keep hearing is this thing about taking back our country, well here in Michigan we have a state constitution that allows us to recall these peopel in congress, 17 other states also have the same provisions. The last time I checked, it took something like 25% of the votes cast in the last election to recall our federal representatives, it works out to 759596 signatures for Levin and something like 57946 for Dingell. These sound like a lot of number but when you have a population that wakes up and actually sees what is going on, they may sign on that line to recall them. The sad thing is thisa auto worker mentality that will not allow them to think.

 

[layoutshooter]

I would love to see that happen. I would sign that petition if it were started. I be you would have a VERY hard time with it knowing Michigan politics. Layoutshooter

 

[greg334]

Well here is one thing I heard on my way home last night and I said it before but I never heard it on the radio;

If you want to see what the nation is going to be like in 3 years, go to Detroit and see what has happened there.

I had to take a detour on the way home and I used to own some buildings on the street I took to get back to the freeway. They are all gone. These were not abandoned older buildings but newer buildings that could have been used by any medium size company. They had docks, overhead cranes and so on but they are gone. I asked about them this morning and found out that the city decided that they were a blight and forced a sale of them to the city who asked for funds to tear them all down. I also found out yesterday that the group of buildings I almost bought on Elizabeth, behind the Fox was bought by Illich and torn down, even the last standing parking garage in the city is going away but here is the catch, this multi-billion dollar company is asking for funds form the state and the state is giving the money to buy and tear them all down to expand his families holdings. The money is coming from the Super Bolw funds that I feel should have gone back to us to pay for other things.

 

[layoutshooter]

Yea, Michigan is in sorry shape. More proof that a ONE PARTY system does not work. We REALLY need to clean house at all levels of politics. The only one there that I even sorta like is our State Senator, Randy Richardsville. Other than that, whew, how terrible. Layoutshooter

 

[chefdennis]

This whole AIG bonus deall is nothing but a smoke screen drug out by Barry as a smoke screen. They all knew the binuses were there and they are totlly legal. Turtle gave the best explanation of them. They are more "commissions and not real bonuses over and above the regulaar compensation package. It was money that was legally owed.

The problem is that this is normal practice in financial and corp. circles, but not in ploitics. Turbo Tim and Bernake are not politicians, thats why they were concerned. But Barry saw and rahm saw another way to stoke the "class warfare" agenda they have, while also letting them push the oversized debt ridden budget through.....The "class warfare" angle is certainly working, with the help of the liberal dems and weak kneed republicans but the budget is still catching th attention of a "public" that is coming around to this piece or works spending money that the country doesn't have, and they realize that just because the fed is printing money, doesn't mean we have it to spend....its going to get worse, it if is to get better..........as for the new choosen few that would be taxed at 90% on a portion of their income, can you say "fascism................?"

So many unconstitutional things going on now......yes there have been over alot of years, but never to this extent all at one time........the time is coming for the people to take back our country and governement............

 

[greg334]

Actually chefdennis, these were retention bonuses. It was part of the newly neogitated contract with the people who were going to be laid off. These people didn't work under a Hire and Do the Work system but each of them had a specific contract with negotiated salaries.

They were offered so the people would not go off and leave AIG hanging with a gap in the work. I was offered and accepted the same thing when we were laid off, I had to transition all my work to a contractor who I had to also train. AIG people were offered a fair amount of money to finish the job and allow the company to move forward.

 

[layoutshooter]

Hitler had his scapegoats and Barry (Hitler II) has his. He is big on the class warfare. Keep stoking the fire to make everyone look that way while he destroys the nation on the other side of the street. Nothing new. gun owners are being hammered at the problem to hide the fact that the governmet is inept on crime. They also need the citizens dis-armed to protect themselfs and to make it easier to control/rule/oppress. In that order. Layoutshooter

 

[chefdennis]

Yes Greg SOME were detention bonuses, but not all. Some were in place as far back as 2006 and a annually renewing basis. But yes the higher amount bonuses paid to the higher ups, (some of the bonuses were as small $10,000 and less) were retention bonuses to keep people that would have otherwise left when the problems surfaced.

But the issue is not why or when they were in place. The fact is they were legal and part of a contract. Our government has no reason to get involved in those contracts. The government made no stipulations as to how those bonuses would change when the bailout money was given and they knoew they were there. Turbo Tim wrote the bailout, was questioned on it my congress well before the date he said he was made aware and dodd made sure that they would be paid. As I said this is nothing but a smoke screen and a way to carry out the 'class warfare agenda of barry and his minions.........and the sheeple are following along just like those the followed the pied piper.....

 

[greg334]

Yes it is a legal and binding contract. I just read that there are a lot of people now screaming to congress over the fact that the people Obama put in place of Bush's finance people were also part of making the deal in the first place and it goes a lot farther than Turbo Tim (I like that name).