Ex-AIG Chairman: Bailout Has Failed

And you know what he did while he was running AIG how. It didn't go belly up till three years after he was canned. Seems to me much more likely that it was his succesors who bollixed things up.
A Tale Of Two Hanks back in the days of the roughshod 108th/109th is pretty much why we're in this mess.

Remember "income statement smoothing" and the $80 million penalty to the U.S. Department of Justice before that, both of which caused Buffett to pull Berkshire Hathaway out of the airfilled BS?

Remember Goldman Sachs' institutional naked shorting charge for which it was only fined $2Million in civil penalties while GSAMP soared to 15th biggest issuer of subprime-backed bonds by 2006 just as Paulson passed through the GovServ/PriSectRevolingdoor just in time to be the fox guarding the emptynesteggs?

It's no wonder that Greenberg bailed out GS' Global Equity fund in the wake of Bear Stearn's intial decline in the summer of '07 just prior to the Northern Rock run and the false 14,164.53 highmark that kept the ostrisheeple munching silica and bleeting "We'rrrr rrrrich!" all the way through the start of the depression only to come out whining "Wha'happen'!?!" full three quarters after the fact.

Two A$$holes' alma maters Reap Pot of guvmntgold


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:eusa_shhh:
Wow! "Old" already. Huh?

Is that what happens when facts get in the way of fiction?


:wtf:
Who's the thread killer?

:confused:
 

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