Well, its started

**Pete** · 10-17-2008, 05:36

Story on ABC this morning about AIG and it's 15 execs who went to a business retreat in Las Vegas on the company jet.

State AG Coumo was ragging in the story about them burning "tax payer" money.

I could take it a number of ways but see it coming down on the "bad" side of control.

SF_BHT · 10-17-2008, 06:17

They just got a Free Tax payer Party fund deposit. Wait until the CEO quits with his new bonus...

Red Flag 1 · 10-17-2008, 08:54

Quote:

Originally Posted by Pete

Story on ABC this morning about AIG and it's 15 execs who went to a business retreat in Las Vegas on the company jet.

State AG Coumo was ragging in the story about them burning "tax payer" money.

I could take it a number of ways but see it coming down on the "bad" side of control.

As an AIG shareholder, I have sent a snail mail to Edward M. Liddy CEO of AIG.
It was not a "friendly" letter. Looks like another may be in order. A point I did make in the first letter is that the AIG $400,000.00 spa junket was a slap in the face to shareholders, and US taxpayers. With hunting trips to England and now this Vagas trip, more letters will fly.

Should any taxpayer care to drop a line, the address is:
Edward M. Liddy
Chairman and CEO
American International Group, Inc.
70 Pine Street
New York, New York 10270

More shouting faces in the crowd may have an effect.

RF 1

smp52 · 10-19-2008, 07:22

These folks still don't get it. The taxpayer is the Private Equity/Venture Capital firm dictating the terms now, as such, these companies must answer their investor (the public) for such stupidity.

Mark Cuban has worked with some folks to start a website to track "transparency" as it relates to the bailout package. Not a bad place to get information as it pertains to taxpayer value. Apparently, information is already being marked out with regards to compensation...

http://bailoutsleuth.com/

**Pete** · 10-19-2008, 07:37

Quote:

Originally Posted by smp52

These folks still don't get it. The taxpayer is the Private Equity/Venture Capital firm dictating the terms now,....

All three of you missed the point. It's not the taxpayer, it's the government that will soon be in control - in the name of the taxpayer.

Ah, and if anybody has been paying attention lately it will be ruled by the same ones that got us in this mess in the first place.

Red Flag 1 · 10-19-2008, 08:53

Quote:

Originally Posted by Pete

All three of you missed the point. It's not the taxpayer, it's the government that will soon be in control - in the name of the taxpayer.

Ah, and if anybody has been paying attention lately it will be ruled by the same ones that got us in this mess in the first place.

That is true!

Liddy still gets a nastygram.

RF 1

morolen · 10-19-2008, 11:34

privatizing gains
socializing losses

JUST AS PLANNED

*sigh*

greenberetTFS · 10-19-2008, 14:20

Quote:

Originally Posted by Pete

All three of you missed the point. It's not the taxpayer, it's the government that will soon be in control - in the name of the taxpayer.

Ah, and if anybody has been paying attention lately it will be ruled by the same ones that got us in this mess in the first place.

Pete has hit it right on the head!

.....We aren't in control,the government is, and the same guys that caused all this s**t are going to run the business.....

GB TFS

smp52 · 10-19-2008, 14:30

Quote:

Originally Posted by Pete

All three of you missed the point. It's not the taxpayer, it's the government that will soon be in control - in the name of the taxpayer.

Ah, and if anybody has been paying attention lately it will be ruled by the same ones that got us in this mess in the first place.

Understood and you're absolutely right. I think far too many politicians (from the left, but the right is complicit as well) keep thinking about their short term goals rather than what's right for the country. The DNA of the system has rotted. I have zero confidence in proposals of either party and primarily Congress to manage.

Well, at least this taxpayer will be annoyingly sending letters and calling the representatives exercising his rights. I don't know if that'll make an impact, but I hope other Americans do their duty as well in staying engaged and it just may. But yes, it's more government management of resources. Seems like the ball keeps bouncing back and forth between big business and big government and both act in interests of self-preservation rather than driving for customer (or taxpayer) value. Instead of decentralization of decisions and resources, leveraging our federal structure and the new information age, more and more decisions are being concentrated in the hands of few sitting in DC or fancy big offices around it. Micromanagement of our lives....