The High Finance Lifestyle and Paying the Price
The world of high finance and banking has certainly taken a huge tumble.
Executives living high on the hog are being publicly “flogged” bt the new powers that be. Hasn’t happened in a long, long time. Probably in more than a century.
It begins with President Obama’s obvious indignance over the huge bonuses being handed out to AIG’s executives – the very same ones who are responsible for the running of the giant financial empire into the ground requiring a public money bailout to the tune of a $180 Billion bankroll…
High Finance and Paying the Price.
Conservative Revolutionary American Party III: 2 on A.I.G.
government-liability American Insurance Group (A.I.G.), President Obama promised to try to block what he described as an ‘outrage’ Monday, but a group of former regulators said the administration must get even tougher in A.I.G. …
Senator Calls For Public Apology From AIG – Money News Story …
IOWA CITY, Iowa — Many lawmakers have harsh words for AIG executives, but only Iowa’s Sen. Charles Grassley says they should “resign or commit suicide.” Tuesday, March 17, 2009. … Don’t let yourself get caught in the wake of the recent troubles on Wall Street. Consider these five moves to help you save your money. More · Compare Prices And Save On Auto Insurance …
A Few Important Clarifications About AIG — But As For Me
AIG got into trouble because it wrote credit-default swaps, which function like insurance policies on debt securities. When the market moves against a CDS writer, he will always be required by his counterparties to deposit additional …
So, bankers and financial high rollers, if your masters have changed, beware…
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Gosh and they think they deserve more money after half the planet lost their life savings? When will they wake up they are not elite anymore???
People have lost their homes because of their failures and they want to live the high life.
Hi Joe,
I understand your indignation and you’re not the first nor I’ll bet you won’t be the last either. There is so much anger and disillusionment at the way the finances were handled. Too much living life high on the hog is pretty much evident.
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