|
|
|
|
the_ignored
SFN Addict
2562 Posts |
 Posted - 01/08/2013 : 17:29:53
|
Hat tip to Zingularity.
And you thought the creationist AIG was bad? Holy shit.
| It's not so much that AIG's mad the government bailed them out. (They wouldn't be around to be mad if it hadn't.) They just wish they'd done it a little bit differently. "The lawsuit does not argue that government help was not needed," The New York Times reports. "It contends that the onerous nature of the rescue -- the taking of what became a 92 percent stake in the company, the deal's high interest rates and the funneling of billions to the insurer's Wall Street clients -- deprived shareholders of tens of billions of dollars and violated the Fifth Amendment, which prohibits the taking of private property for 'public use, without just compensation.'" Does that kind of bad attitude count as "looking the gift horse in the mouth" or "biting the hand that feeds you?" Or both? |
So after getting bailed out, they want to get more money through a lawsuit that essentially whines about the terms of the bailout. Aren't those people part of the reason that this cock-up happened in the first place?
When a normal person fucks up and needs a bailout, we do not get to be able to dictate the terms. Why should they? Fuck, in real life, a normal person wouldn't even get a bailout in the first place.
At least one senator isn't too pleased.
|
>From: enuffenuff@fastmail.fm
(excerpt follows):
> I'm looking to teach these two bastards a lesson they'll never forget.
> Personal visit by mates of mine. No violence, just a wee little chat.
>
> **** has also committed more crimes than you can count with his
> incitement of hatred against a religion. That law came in about 2007
> much to ****'s ignorance. That is fact and his writing will become well
> know as well as him becoming a publicly known icon of hatred.
>
> Good luck with that fuckwit. And Reynold, fucking run, and don't stop.
> Disappear would be best as it was you who dared to attack me on my
> illness knowing nothing of the cause. You disgust me and you are top of
> the list boy. Again, no violence. Just regular reminders of who's there
> and visits to see you are behaving. Nothing scary in reality. But I'd
> still disappear if I was you.
What brought that on? this. Original posting here.
Another example of this guy's lunacy here. |
|
|
Kil
Evil Skeptic
USA
13476 Posts |
Posted - 01/08/2013 : 21:10:03 [Permalink]
|
| Amazing. |
Uncertainty may make you uncomfortable. Certainty makes you ridiculous.
Why not question something for a change?
Genetic Literacy Project |
 |
|
|
Dave W.
Info Junkie
USA
26020 Posts |
Posted - 01/09/2013 : 05:28:50 [Permalink]
|
| Actually, AIG may be obligated to join the lawsuit that's been in the works since 2011, or else wind up as a defendant along with the US Government. |
- Dave W. (Private Msg, EMail)
Evidently, I rock!
Why not question something for a change?
Visit Dave's Psoriasis Info, too. |
|
|
|
Dave W.
Info Junkie
USA
26020 Posts |
Posted - 01/09/2013 : 13:02:30 [Permalink]
|
| News says that AIG declined to join the lawsuit. Which means the board will probably be sued for failure to protect the stockholders. |
- Dave W. (Private Msg, EMail)
Evidently, I rock!
Why not question something for a change?
Visit Dave's Psoriasis Info, too. |
|
|
|
Machi4velli
SFN Regular
USA
854 Posts |
Posted - 01/09/2013 : 14:17:06 [Permalink]
|
The board was obligated to "consider" joining the lawsuit, not sure it was ever something AIG intended to join.
Some investors I think are suing arguing that their stock was diluted with the supposed 92% stake the government gained, but it appears it would have been a difference between them owning 8% of what they had or, without the bailout, 0%. |
"Truth does not change because it is, or is not, believed by a majority of the people."
-Giordano Bruno
"The greatest enemy of knowledge is not ignorance, but the illusion of knowledge."
-Stephen Hawking
"Seeking what is true is not seeking what is desirable"
-Albert Camus |
|
|
|
 |
|
|
|
"AIG" wants to sue US gov't for bailing them out.
