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Who could have imagined AIG?

Posted: Wed Mar 18, 2009 5:04 am
by coberst
Who could have imagined AIG?

In the last few days we have seen, read, and heard various members of the business media explaining how they personally and their particular operation are not responsible for the “sneak attack by AIG upon or way of life. They use such excuses as not having subpoena power with which to ferret out secret information.

For decades the business media has been acting as cheerleaders for Corporate America instead of being the watchdogs that bark thus alerting the residents whenever something suspicious approaches our house.

It should have been evident to any Critical Thinking individual who is responsible enough to keep up with current events that the leaders of Corporate America had acquired great power with little accountability. The great power is discernable when we recognize that there were obviously few if any checks upon their behavior when we see that they were able to constantly increase their income to levels that are obscene by any reasonable measure.

“The critical habit of thought, if usual in a society, will pervade its entire mores, because it is a way of taking up the problems of life.—William Graham Sumner, distinguished anthropologist

The corporate CEOs were free to take what they will in monetary reward. They thereby made it plain to even the casual observer that they could do pretty much whatever suited their personal interests. If we place a normal individual into a position of great power uninhibited by oversight is it any wonder that these individuals will continue to push the envelope of self-interest?

CA (Corporate America) has developed a well-honed expertise in motivating the population to behave in a desired manner. Citizens as consumers are ample manifestation of that expertise. CA has accomplished this ability by careful study and implementation of the knowledge of the ways of human behavior. I suspect this same structure applies to most Western democracies.

A democratic form of government is one wherein the citizens have some voice in some policy decisions. The greater the voice of the citizens the better the democracy.

In America we have policy makers, decision makers, and citizens. The decision makers are our elected representatives and are, thus, under some control by the voting citizen. The policy makers are the leaders of CA; less than ten thousand individuals, according to those who study such matters. Policy makers exercise significant control of decision makers by controlling the financing of elections.

Policy makers customize and maintain the dominant ideology in order to control the political behavior of the citizens. This dominant ideology exercises the political control of the citizens in the same fashion as the consuming citizen is controlled by the same dominant ideology.

An enlightened citizen is the only means to gain more voice in more policy decisions. An enlightened citizen is much more than an informed citizen. Critical thinking is the only practical means to develop a more enlightened citizen. If, however, we wait until our CT trained grade-schoolers become adults I suspect all will be lost. This is why I think a massive effort must be made to convince today’s adults that they must train themselves in CT.



“Thomas R. Dye, Professor of Political Science at Florida State University, has published a series of books examining who and what institutions actually control and run America. to understand who is making the decisions that affect our lives, we also have to understand how societies structure themselves in general. Why the few always tend to share more power than the many and what this means in terms of both a society's evolution and our daily lives. they examined the other 11 institutions that exert just as powerful a shaping influence, although somewhat more subtle: The Industrial, Corporations, Utilities and Communications, Banking, Insurance Investment, Mass Media, Law, Education Foundation, Civic and Cultural Organizations, Government, and the Military.

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Who could have imagined AIG?

Posted: Wed Mar 18, 2009 5:27 am
by Galbally
I have to say that the actions of AIG over the past few weeks, in the face of a furious civilian government and the general population itself is astonishing, it really shows that there is something deeply wrong in the thinking of people at the top of the corporate structure in the US. I think that the company are acting very unwisely as a collective, but it all makes sense in terms of individuals making sure they collect as much money as possible and stash it away before the wheels finally come off the wagon completely.

Still, astonishing and disgusting greed and arrogance.

Who could have imagined AIG?

Posted: Wed Mar 18, 2009 5:34 am
by qsducks
Aig=pig

Who could have imagined AIG?

Posted: Wed Mar 18, 2009 3:36 pm
by TruthBringer
Should we blame AIG for throwing the money away or should we blame the people in the treasury department who are constantly seeking to reward them for it?

Our treasury department is corrupt. Just a thought. There is something bigger going on here than AIG. Much bigger.

As of this moment, the treasury department is free to make whatever decisions it wants to regarding the American citizen's money. And there is not a damn thing we the people can do about it. If congress does not go along with what the treasury department wishes, they are bombarded by the media for not doing so, and are threatened with the possibility of both physical and psychological harm.

If you want to see how much power the American people have in stopping this process of giving our money away without our permission, try banding together in a majority all over the United States and demand that not a single dollar be given out again on failing corporations and banks and watch what happens. What do you think your current government would do? Do you think they would listen to you? Fat chance.

It's YOUR money. It's money that could have gone to help the homeless, to help secure social security, to help the sick, to help the animals, to help the planet, to help eachother.

And who does it go to instead? Failing banks and corporations. Well guess what folks, the American people are failing. We are losing our jobs left and right, we are losing our houses, we are losing our cars, our ability to receive education, our ability to pay for food, and what are we getting for it? Next to nothing (as compared to the billions and billions and billions that are being given to the failing banks and corporations). And then the CEOs of the banks and corporations (who are already rich and doing very well) are being given Millions of dollars for free! As gifts! For doing nothing! For being the "captains" of ships that are burning and sinking! Meanwhile we can barely hang onto our lives as we know them! The banks and corporations get billions of dollars. BILLIONS! And we get a few hundred dollars a week for unemployment. Hmmmm...billions to hundreds....something seem a little wrong with that ratio? And who has been working our asses off our entire lives to pay into the system? We have! Not the banks, and not the corporations. And what do we get for doing that? High-way Robbery.

The treasury department is the problem folks. Until we stop the children who are running it from spending all of our money, we will see more and more companies abuse their "handouts" like AIG. It is only the tip of the iceberg. The problem starts with the treasury department of the United States Government. Turn your attention towards them. They are the ones who create the policies of giving away our money. They are the ones who are to blame. Not AIG. AIG is just ONE of the many consequences of the treasury departments decisions. The very same desicions that will continue to be made everyday without the American people's permission. Decisions that will end up destroying our country and our way of life until the day we finally draw the line and put an end to it.

Who could have imagined AIG?

Posted: Wed Mar 18, 2009 6:20 pm
by Nomad
The more I think on it, while I agree AIG is repugnant the bigger blame lies with the Federal Reserve, this administration as well as congress.

When the auto makers came to DC they were sent home with definitive instruction to come up with a plan for solvency. They were grilled and they were put up on public display and had their asses handed to them



They were informed that theres a deadline and when you come back it had better be a damned good presentation or you get nothing.



We did none of this with AIG. They had carte blanche and 0 accountability.

Why I wonder were auto makers pleas negotiated and AIG received a gift wrapped present.

Somewhere underneath all the secrecy someone or many have been lobbied up big time. AIG has spent billions lobbying congress and its their bread and butter. Do you realize almost half of Congressional and Senatorial leaders after their stint with the govt get jobs in the private sector as lobbyists ?

Think that through for a minute. :thinking:

Dont you suppose our elected officials, our glorious patriots got some nasty e mails after the AIG corp. bonuses came to light ? I know I sent mine.

Now theyre all over the news claiming fierce indignation. I watched a Senator from Iowa be questioned 3 times if Washington has some responsibility in this and he masterfully dodged the question 3 times.



Theyre taking heat and passing on the invitation to acknowledge responsibility.

These guys are in it up to their ears and thats why only now are they latching onto their scapegoat.

Funny too aint it, theyre working on the lynching in bipartisan fashion. And theyre letting you know about it too. Hey America ! Were behind you !!

Yea theyre behind us all right. Dont drop the soap.

Who could have imagined AIG?

Posted: Wed Mar 18, 2009 8:39 pm
by BTS
TruthBringer;1159645 wrote: Should we blame AIG for throwing the money away or should we blame the people in the treasury department who are constantly seeking to reward them for it?



Our treasury department is corrupt. Just a thought. There is something bigger going on here than AIG. Much bigger.



As of this moment, the treasury department is free to make whatever decisions it wants to regarding the American citizen's money. And there is not a damn thing we the people can do about it. If congress does not go along with what the treasury department wishes, they are bombarded by the media for not doing so, and are threatened with the possibility of both physical and psychological harm.



If you want to see how much power the American people have in stopping this process of giving our money away without our permission, try banding together in a majority all over the United States and demand that not a single dollar be given out again on failing corporations and banks and watch what happens. What do you think your current government would do? Do you think they would listen to you? Fat chance.



It's YOUR money. It's money that could have gone to help the homeless, to help secure social security, to help the sick, to help the animals, to help the planet, to help eachother.



And who does it go to instead? Failing banks and corporations. Well guess what folks, the American people are failing. We are losing our jobs left and right, we are losing our houses, we are losing our cars, our ability to receive education, our ability to pay for food, and what are we getting for it? Next to nothing (as compared to the billions and billions and billions that are being given to the failing banks and corporations). And then the CEOs of the banks and corporations (who are already rich and doing very well) are being given Millions of dollars for free! As gifts! For doing nothing! For being the "captains" of ships that are burning and sinking! Meanwhile we can barely hang onto our lives as we know them! The banks and corporations get billions of dollars. BILLIONS! And we get a few hundred dollars a week for unemployment. Hmmmm...billions to hundreds....something seem a little wrong with that ratio? And who has been working our asses off our entire lives to pay into the system? We have! Not the banks, and not the corporations. And what do we get for doing that? High-way Robbery.



The treasury department is the problem folks. Until we stop the children who are running it from spending all of our money, we will see more and more companies abuse their "handouts" like AIG. It is only the tip of the iceberg. The problem starts with the treasury department of the United States Government. Turn your attention towards them. They are the ones who create the policies of giving away our money. They are the ones who are to blame. Not AIG. AIG is just ONE of the many consequences of the treasury departments decisions. The very same desicions that will continue to be made everyday without the American people's permission. Decisions that will end up destroying our country and our way of life until the day we finally draw the line and put an end to it.


Nomad;1159687 wrote: The more I think on it, while I agree AIG is repugnant the bigger blame lies with the Federal Reserve, this administration as well as congress.

When the auto makers came to DC they were sent home with definitive instruction to come up with a plan for solvency. They were grilled and they were put up on public display and had their asses handed to them



They were informed that theres a deadline and when you come back it had better be a damned good presentation or you get nothing.



We did none of this with AIG. They had carte blanche and 0 accountability.

Why I wonder were auto makers pleas negotiated and AIG received a gift wrapped present.

Somewhere underneath all the secrecy someone or many have been lobbied up big time. AIG has spent billions lobbying congress and its their bread and butter. Do you realize almost half of Congressional and Senatorial leaders after their stint with the govt get jobs in the private sector as lobbyists ?

Think that through for a minute. :thinking:

Dont you suppose our elected officials, our glorious patriots got some nasty e mails after the AIG corp. bonuses came to light ? I know I sent mine.

Now theyre all over the news claiming fierce indignation. I watched a Senator from Iowa be questioned 3 times if Washington has some responsibility in this and he masterfully dodged the question 3 times.



Theyre taking heat and passing on the invitation to acknowledge responsibility.

These guys are in it up to their ears and thats why only now are they latching onto their scapegoat.

Funny too aint it, theyre working on the lynching in bipartisan fashion. And theyre letting you know about it too. Hey America ! Were behind you !!

Yea theyre behind us all right. Dont drop the soap.




Bravo!!!!!!!!!!!

Bravo!!!!!!!!!!!



Both of you are on the right track. The Democrats in the house and Senate BOTH tried to stop these bonuses...........Who stopped them from stopping them????

Check out this Huffington Post article:



Dodd: Treasury Officials Insisted On Weakening Bonus Provision