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Shorts getting squeezed, robbie? :D Just kidding, I think the sharp drop of the markets had to have an impact on Obama's plans.
125k is certainly NOT a pittance, I don't think this is about whether 250k is good enough, this is about tax someone at 90% when they have earned...
And how are you going to convince the private investors to take TALF money when the possibility of 90% tax rate looms.
AIG is the cause for the downturn? The crashing and burning is here because we had a huge credit bubble, we were doomed to have this downturn...
Millions of workers were screwed by AIG? are you saying AIG is the cause of this downturn? Its one thing to suffer when your company's profit...
Did you know that AIG has a lot more people than just those working at AIG financial, the people who has nothing to do with CDS contracts? To...
Even though I haven't started a company myself, I have worked with several startups to know when a company needs to "lean the heck up" to a point...
Except it DID NOT go under, we choose to NOT let it go under, we are now the biggest share holder of the company. But its still a company, which...
Tons of good people aren't gonna step in for a 90% tax rate. You still don't get it, its not about letting these people go, its about making...
LOL, run it right? Dude you have no freaking clue on how to run a company, does run it right include getting rid of your best performing...
Well, if you have decided to save the company from collapse, then you need to run it like a real company, i.e. honor the contracts for the people...
This is a stupid move, there are plenty of people working in AIG's good divisions that do not deserve to get their compensation contract ripped...
That's ok though, just do what the Treasury Secretary did, don't pay the taxes. :cool:
Long read, but very interesting, and that 250k was the best investment Dikembe ever made. link What the hell happened here? Seven floors...
That would be a very indirect connection. The overriding cause for this crisis is the credit bubble, which has been in place for a long time....
First, I don't see a direct link between income gap and the current crisis. Second, when pgabriel puts up a graph showing top income level...
Not sure what you mean by that, you implying tax cuts were the cause of this crisis?
Then they should just make it so no bonus can be given out for everyone receives bail out money.
Nobody understood the market, that was the problem. They were not the only ones in the CDS, you paid the market price for playing the game, see...
This time bomb was started long before AIG got into CDS trades, not that they are not jackasses. They really didn't have much choice other than...