Comments on: AIG subsidiary parties in style in OC, two weeks after bailout

By: charlie

charlie — Fri, 20 Nov 2009 18:25:52 +0000

The DEMS did it again-oh-sorry-they did not-they are rich and ok-the rest are suffering! no problem and who cares-why r we paying taxes-for who and what? Lies and more lies as the DEMS and libs get off on geitner type stuff-incredible-any others with bama we need to know of that have not been listed as something evil

By: charlie

charlie — Fri, 20 Nov 2009 18:23:24 +0000

Hey-some folks lost $5k on a vacation due to a storm and plane problems-no incentive and no offer to off set-hard worked for money0 all taxed so they could party and party and now havew a new name as we all pay-sick

By: David Dzidzikashvili

David Dzidzikashvili — Sat, 17 Jan 2009 15:25:05 +0000

This is just dispeakable and upsetting. This is a great example of greed, ignorance, disrespect of the common people and ignorance of the politicians who don’t mke these CEOs accountable.

While many Americans can’t afforb basic means of living or health coverage, the CEOs can enjoy lavih lifestyles. Again - the rich man wins, the poor loses.

By: Dani

Dani — Sat, 13 Dec 2008 18:30:07 +0000

Im sorry AIG throwing parties at the time of the bail out was ABSOLUTELY NECESSARY!! When a life insurance agent goes to work for a company that part of the year when the trip comes is an incentive and PART OF THEIR SALERY!! We are taxed on it in most cases. The company had to do it. They would have lost 1/2 their inforce agents if they would not have. With out the agents in force to work the company would surely have gone belly up…licenced agents are not easy to come by…good ones anyway. So please stop all the comotion.. The sad truth is that AIG made some bad decisions and now our tax dollars paid for it. This should never have happend. My company has cut the fat and reduced benefits to beable to stay ahead of any mishaps in the future…we don’t need anyone to bail us out..

By: Tammy

Tammy — Tue, 11 Nov 2008 18:56:48 +0000

This is why the economy is in the shape that it is !!!
GREED GREED GREED
The greed of companies and the wealthy are going to be the death of this nation.
You can party if you want…………but keep your hands off the taxpayers money !!!

By: Duncan

Duncan — Sun, 19 Oct 2008 06:20:14 +0000

vile.

By: BC

BC — Sat, 11 Oct 2008 13:56:26 +0000

Get their names and we can hunt them down like the dogs that they are!

By: Dave Bermani

Dave Bermani — Fri, 10 Oct 2008 17:29:17 +0000

I believe Mrs Opinion has added too many zeros. $85 billion divided by $200 million is $425, not $425,000. If your calculator doesn’t go that many digits out, look at it this way: $85 x 10e9 ($85 times 10 to the 9th) divided by 2 x 10e8 (2 times 10 to the 8th) = $42.5 x 10e1, or $425. Usng the same 30% tax bracket, we’d get back $297.50. I’ll take it.

By: OBAMA-INABLE PLANS!!!

OBAMA-INABLE PLANS!!! — Fri, 10 Oct 2008 13:04:12 +0000

You guys sound like a bunch of Obama supporters (and actually, Mrs. Opinion posted that same crap on the Obama website.)!!! He’s an idiot…You guys are sore about bailing out AIG, and at the same time you support that crazy plan to give everyone in the U.S. health insurance…Don’t you have to pay for that? Don’t we already pay for Welfare–that’s food, housing, etc., and the Econ. Stimulus Check–we paid for that, too…even gave to those who didn’t pay taxes!!! This is a riot! The plan should be GET A FREAKIN’ JOB…Stop living off of welfare, and passing it on like a tradition… It’s supposed to be temporary, not a way of life.

And, as for AIG…EVERY (insurance) company is out to make money… They make money off of you NOT having accidents/claims. Basically, you pay your premium, they receive it, they reserve a budgeted amout for claims, and they invest the rest in SAFE investments, and watch it grow…This is where the money for parties comes from…

Reverse the tables…Should you have a claim, they will have the money to pay it. AIG Insurance has the money, on hand, to pay any and all claims—They do it EVERY DAY…$73 million A DAY, people… And, that is WITHOUT the bailout money… The bailout money was only for the financial part of the company…

And the “Executive Retreat”…That was a “retreat” was an Agent Meeting for American General Life Insurance–an AIG Subsidiary… It was not for the AIG Parent Company (Executives), the recipient of the “bailout” $$$. This is one of the most profitable subsidiary companies of the AIG “group”. The “party” was to say thank you, to the major producers, for supporting AIG… (Over 100 people attended–agents from other life insurance companies–only 10 of them were AIG Subsidiary employees, representing the company). The producers that work with AIG to get your premiums lower, for life insurance. It’s called a business relationship. If you build relationships, you can work better together.

By: Mrs Opinion

Mrs Opinion — Thu, 09 Oct 2008 16:07:25 +0000

I’m against the $85,000,000,000.00 bailout of AIG.

Instead, I’m in favor of giving $85,000,000,000 to America in a ” We
Deserve It Dividend “.

To make the math simple, let’s assume there are 200,000,000
bonafide U.S. Citizens 18+.

Our population is about 301,000,000 +/- counting every man,
woman and child. So 200,000,000 might be a fair stab at adults 18
and up.

So divide 200 million adults 18+ into $85 billon that equals $425,000.00.

My plan is to give $425,000 to every person 18+ as a ” We Deserve
It Dividend ”

Of course, it would NOT be tax free. So let’s assume a tax rate
of 30%. Every individual 18+ has to pay $127,500.00 in taxes.

That sends $25,500,000,000 right back to Uncle Sam. But it
means that every adult 18+ has $297,500.00 in their pocket. A
husband and wife has $595,000.00.

What would you do with $297,500.00 to $595,000.00 in your family?

Pay off your mortgage - housing crisis solved.

Repay college loans - what a great boost to new grads

Put away money for college - it’ll be there

Save in a bank - create money to loan to entrepreneurs.

Buy a new car - create jobs

Invest in the market - capital drives growth

Pay for your parent’s medical insurance - health care improves

Enable Deadbeat Dads to come clean - or else

Remember this is for every adult U S Citizen 18 + including the
folks who lost their jobs at Lehman Brothers and every other
company that is cutting back. And of course, for those serving in
our Armed Forces.

If we’re going to re-distribute wealth let’s really do
it…instead of trickling out a puny $1000.00 (”vote buy” )
economic incentive that is being proposed by one of our candidates
for President.

If we’re going to do an $85 billion bailout, let’s bail out every
adult US Citizen 18+!

As for AIG - liquidate it. Sell off its parts.

Let American General go back to being American General.

Sell off the real estate.

Let the private sector bargain hunters cut it up and clean it up.

Here’s my rationale. We deserve it and AIG doesn’t.
Sure it’s a crazy idea that can “never work.” But can you imagine
the Coast-To-Coast Block Party !

How do you spell Economic Boom?

I trust my fellow adult Americans to know how to use the $85
Billion ” We Deserve It Dividend ” more than I do the geniuses at AIG
or in Washington DC , especially since AIG is already spending it on crazy things like new cars for the “big shots” at the company .

And remember,this plan only really costs $59.5 Billion
because $25.5 Billion is returned instantly in taxes to Uncle Sam.

PS: Feel free to pass this along to your pals in congress, as it’s either good
for a laugh or a tear or a very sobering thought on how they should really be
using OUR…. $85 Billion!