I don't know if this deserves its own thread or not, but I was watching Hardball with Chris Matthews last night, and he said that this reminds him of Katrina. Where is the president? Are the republicans trying to hide the last days of his term. Are they that afraid of being associated with him. This was also mentioned during the Convention, they don't have the guy there, he has a non prime time speech (at least before the three networks pick up the convention) and the republicans don't even mention his name or that they are the incumbent party. Amazing. And John Mccain has a real shot of winning with more of the same.
A lot things have already been done. Not much bush can do now. He needs to stay away. Everything he touches turns bad.
And let Chris Cox be totally asleep at the wheel, like he has been since he started. Oh but those short sellers! He's gonna get em! Investment banks are endangered species, corporate books are piles of sh-t, but Chris Cox is going to nail them there short sellers! YEa!!!!!!!!!!!!!!
Well let's see - you look at AIG's disclosure language for the last 3 quarters. You tell me who those are filed with.
I am guessing AIG would be OK if the overall credit market didn't just seize up and you can't borrow anything anymore.
Which they assured us in their 8-k's had zero chance of happening. If you think the SEC has been doing a great job presiding over the erasure of a trillion dollars of market value due in large part to a complete lack of transparency by issuers I simply don't know what to say.
I think George has been working out. Doing a lot of running. Looked in shape! How else could he race through his soundbite any quicker, or run away after his little "announcement" any faster, to avoid a question from the media? The dude was movin'!
Great job? probably not. To foresee the market meltdown? Don't know if anyone saw this coming. AIG is just one company in the massive credit web. And what do you mean by lack of transparency? Don't think that's the problem, complexity is the problem.
I think that proves those CDO related credit default swaps are very complex, even for the counter parties to understand. Its not like AIG were hiding the fact they own CDS, sounds like they were having trouble developing their pricing model for these things. Remember its AIG's internal methodologies, you can fault SEC on a lot of things, this is hardly the one that stands out.
or better, correction. shhhh...people don't want to hear your rationality. That want to have their hands hand, bottoms poweder and feel the warmth of a hug. All the while pointing the finger at a someone, thinking that when they are gone, things will be perfect.
dude what is your deal, tell people retiring who have invested in private 401k who your type argue for more than social security that this is just a correction. oski was being sarcastic
You don't seem to realize what the Exchange act says if you think that kind of statement passes as an 8-K.
That statement seems pretty clear to me, then again I work with these products everyday, and you are looking at it as a lawyer, different perspectives. I guess we just have to agree to disagree.
