SPEEDDOGS

WILLIE`S MAIN STREET KENNELS(WILLIAM SMALL)

Oct 8, 08 - 5:38 PM

AIG BAILOUT

ONLY GOT ONE QUESTION. WHY WASN`T I INVITED TO GO TO SPA, RESORT? I WOULD LIKE TO GET MY SHARE OF THE $444,000 THEY SPENT THERE AFTER WE BAILED THEM OUT. WHAT IS NEXT?

greg biggs

Oct 8th, 2008 - 7:07 PM

Re: AIG BAILOUT

You think that was overboard you should check out thier salaries and bonuses for last year..the bonus was 5 million ...bailing out these greedy people is crazy

greg outlaw

Oct 9th, 2008 - 3:39 PM

Re: AIG BAILOUT

republicans for ya

Kyle Stotesberry

Oct 9th, 2008 - 3:44 PM

Re: AIG BAILOUT

How can it be just the republicans???? everything except the white house is Democratically controlled

Hank Cranford

Oct 9th, 2008 - 4:42 PM

Re: AIG BAILOUT

Doesn't look like Socialism is taking off too well.

Free Food.
Free Money.
Free Healthcare.
Free Housing.

Steven Elmore

Oct 9th, 2008 - 5:22 PM

Re: AIG BAILOUT

They annouced their loaning them another 40 billion today. The government is in such a panic their all gone to send us straight to the soup lines.

thomas richards

Oct 9th, 2008 - 6:53 PM

Re: AIG BAILOUT

I hope they all go broke I can live off the deer standing around my area for a few weeks, They got themselves in this problem, They can dig there way out!

Janney\'s Combination Kennels

Oct 9th, 2008 - 7:43 PM

Re: Re: AIG BAILOUT

Its not the "average" people who did this, its the money mongers....When I read about AIG having the big bash after being bailed out, it made me so angry....this is a tough election year...I truly feel George Bush is the reason the country is in the mess its in today, the new Congress hasn't had that much time to do anything that terrible, plus Bush vetoes any good proposals that comes across his desk....but when Bush first got in he awarded a "NO BID" contract to Halliburtin, Cheney"s old company..and he got richer and richer after that...its sad, but I think he is the worst President in history...you can go on the Internet and pull up President "errors"...they have all had their moments but nothing like this...
We have voted both Republican and Democrat, which is a great right to have...but right now we are pretty sick of the current Administration...and as far as helping poor and downtrodden people, we believe God wants us to do that, none of us are perfect and we should help others....
We hate the "attack" talk, we should be able to discuss things without getting nasty...Of course we all have different opinions and feelings, so why do we condemn others for feeling differnt.
Just our opinion,
Irv and Sherrill

thomas richards

Oct 9th, 2008 - 8:43 PM

Re: AIG BAILOUT

Jamey, this just didn't start with bush, he's had to much crap going on like protecting the homeland, this started way back and it has finally come full circle(jimmy carter bill clinton). Now Barack Is saying he will reward the middle class with breaks, clinton did the same thing(he didn't) while at the same time giving the poor who don't pay taxes more breaks(equals votes)and to top it off barack's main two guys had there hands in the cookie jar with freddie mac and countrywide. You can't give everybody, a free education, free healthcare, and the a low income mortgage and expect to have a surplus on hand. Thats what ****** me off, I am not rich by any means but I have to pay for what i get, and then I have to vote for the one who sucks less cause its the only alternative! By the way I would hated to be in bush's shoes on 9/11, have to do the right things(not popular)
and have some monday morning quaterbacks talk trash about me! Just my opinion!

thomas richards

Oct 9th, 2008 - 10:15 PM

Re: AIG BAILOUT

Vote Republican!

greg outlaw

Oct 9th, 2008 - 10:37 PM

Re: AIG BAILOUT

The only way you should vote republican is if you are making over 250K a year. Now, I'm pretty confident that anyone who posts on this nice website we have here doesn't make quite that much, so maybe we all should stop trying to be cool "republicans" and know your place...it's ok to hunt, own guns and wear camo with your wife to Wal-Mart after a nice dinner at KFC....and it's also ok to vote Democratic every now and then when needed.

thomas richards

Oct 9th, 2008 - 11:01 PM

Re: AIG BAILOUT

You can read into to that bullcrap if you want to but 10% percent of the people in this country pay 70% of the taxes if you think Obama is gonna give you a break, you gotta another thing coming!
Yeah I just bought some new socks @ walmart yesterday
paid 37% too much because of corporate taxes, I am not trying to be cool, common sense wins time and time again! Buy low, sell high,= free enterprise, free housing free education food stamps free healthcare= socialist country, pull your head out of the sand! Not trying to hurt feelings, this Upper class vs. lower class helping the middle class is a crock of crap! Robin hood was a criminal and if me and you did what he did we would be in jail! At the present time I don't make $250 thousand but I am not gonna blame that on a president or stand in a hand out line! Vote republican!

_

WILLIE`S MAIN STREET KENNELS(WILLIAM SMALL)

Oct 9th, 2008 - 11:03 PM

Re: AIG BAILOUT

WHEN NEEDED. NOT IN 2008.

Claude S. Sutton, Jr.

Oct 9th, 2008 - 11:11 PM

Re: AIG BAILOUT

Irv and Sherill:

You need to study up a little and get the facts.

First, the congress who you say have not had time to make any changes, has been in office for 4 years. That is long enough to make changes.

Bush has only vetoed maybe two bills the entire time he has been in office.

He has not used the vetoe nearly enough.

But more important, you need to study how this mess came to being.

There was plenty of crookedness on Wall Street, but the dims put it out there for them.

You need to look up the Community Reinvestment Act.

Next http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=106_cong_public_laws&docid=f:publ102.106

If you dig far enough in that, you will find:

==================
``(l) Conditions for Engaging in Expanded Financial Activities.--
``(1) In general.--Notwithstanding subsection (k), (n), or
(o), a bank holding company may not engage in any activity, or
directly or indirectly acquire or retain shares of any company
engaged in any activity, under subsection (k), (n), or (o),
other than activities permissible for any bank holding company
under subsection (c)(8), unless--
``(A) all of the depository institution subsidiaries
of the bank holding company are well capitalized;
``(B) all of the depository institution subsidiaries
of the bank holding company are well managed; and
``(C) the bank holding company has filed with the
Board--
``(i) a declaration that the company elects to
be a financial holding company to engage in
activities or acquire and retain shares of a
company that were not permissible for a bank
holding company to engage in or acquire before the
enactment of the Gramm-Leach-Bliley Act; and
``(ii) a certification that the company meets
the requirements of subparagraphs (A) and (B).
``(2) CRA requirement.--Notwithstanding subsection (k) or
(n) of this section, section 5136A(a) of the Revised Statutes of
the United States, or section 46(a) of the Federal Deposit
Insurance Act, the appropriate Federal banking agency shall
prohibit a financial holding company or any insured depository
institution from--
``(A) commencing any new activity under subsection
(k) or (n) of this section, section 5136A(a) of the
Revised Statutes of the United States, or section 46(a)
of the Federal Deposit Insurance Act; or
``(B) directly or indirectly acquiring control of a
company engaged in any activity under subsection (k) or
(n) of this section, section 5136A(a) of the Revised
Statutes of the United States, or section 46(

=====================================

It goes on and on but what it says is that if the bank does not follow the CRA the bank will not be allowed to expand or purchase other banks.

After this act was passed, Janet Reno had the justice department check each bank to see that it was following the CRA.

To put it in a nutshell, the two above acts forced the banks to make all of those bad sub prime loans which the banks then sold to Fannie Mae and Freddy Mac to get rid of the bad loans. There were so many of them written that they had to sell 60% of the total to banks in England, Germany, France, etc.

Later the auditor for the FM twins was so upset over the unethical accounting going on that he went to congress along with a group of republicans (and this is all on tape. I saw it), and Barney Frank, Maxine Waters, Chris Dodds and Chuck Shumer laughted at them. Barney Frank said there was absolutely nothing wrong. All crooks but he the worst because he was having a homosexual relationship with a high officer in one of the FM's, I forget which.

He called the guy his spouse. For 10 years.

ACORN, the same outfit that is now being investigated by the FBI for voter registration fraud, was in on the earlier days of sub prime loans. They would go into banks, the first one being the Chicago office of CitiBank, the same outfit that tried to buy Wachovia, and threatned to sue them if they did not make loans to the poor who could not raise a down payment. Actually this is what really got the ball rolling.

CityBank had to agree to keep out of court and of course they wanted to be PC. And they had to worry about that CRA act and the Gramm.....whatever act linked above.

And BO was the ACORN lawyer at the time and he was also a street organizer teaching them how to be effective.

So do your homework before you vote.

I can write 100 or 200 pages on this subject, but smart people will get the idea from this and do a little googling. You can start with Obama Community Reinvestment Act. You will get a real eye opener just from that one.

CSSJR

Claude S. Sutton, Jr.

Oct 9th, 2008 - 11:28 PM

Re: AIG BAILOUT

I did not make it clear that the link I gave is not the link to the CRA, it is a link to the GRAMM-LEACH-BLILEY ACT which is the legislation from which I included the quote and the legislation that gave the justice and treasury department the club to beat the banks into making the loans.

The problem we are having today is not due to no one doing anything. The problem is due to the congress passing legislation trying to force the banks to make loans they would never ever have made had they not been forced to.

And this was all done by dims.

The GRAMM-LEACH-BLILEY ACT was a bill brought up by the republicans to get the banks more freedom to enter businesses other than banking only, but the dims made them accept the part I quoted that enforced the CRA.

Sort of like all of the crap in the bailout bill passed last week. If you want me to vote for your legislation, you have to bribe me by including this stuff I want.

To get info on the CRA, you have to google it as I said in the other post.

As for the dims being the poor man's friend, let me ask you two questions:

Why is gas so high? The dims keep telling you how they feel for you and your gas costs. What they don't admit is that it is high because they passed all of those laws against drilling. Gas is high because the dims are nuts on this global warming save the trees crap.

Second, do you not know the dims record on voting against guns? Talk about going hunting and voting dim? You sure had better wake up because the dims in DC are against both.

Do you know that BO threatened to sue and to get the FCC licenses taken away from TV stations in PA and OH because the NRA ran the same ad information you got from the NRA last month on BO's voting record?

So my second question is: Do you know that the lawsuit against the TV stations in PA and OH are direct attacks on both the 1st and the 2nd Amendments to the Constitution?

If that is the guy you want for president, go ahead. Vote straight dim.

CSSJR

Thomas T. Wynn

Oct 9th, 2008 - 11:30 PM

Re: AIG BAILOUT

Mr. Sutton quit being the internet cop. A blind man can see what is going on in this country. If we where in this same situation after a Democrat President you would feel the same. Mr. and Mrs. Janey you took the words out of my mouth. very good post.

Claude S. Sutton, Jr.

Oct 9th, 2008 - 11:39 PM

Re: AIG BAILOUT

Mr. Wynn:

When you tell me to quit.....whatever, you are being the internet cop.

I am only putting information out there for those who have not had the time to chase this stuff down.

Another one I just found:

http://www.youtube.com/watch?v=ivmL-lXNy64

Claude S. Sutton, Jr.

Oct 9th, 2008 - 11:55 PM

Re: AIG BAILOUT

Much better.

Saves a lot of digging.

Done for you.

http://mypetjawa.mu.nu/archives/194379.php

Nottaway Kennels

Oct 10th, 2008 - 4:08 AM

Re: AIG BAILOUT

Ask yourself how was your 401k two years ago(mine was fine making about 7%) after the Dems took over in Congress its been down hill,for those who don't know the Congress rating is lower than G.W.Bush, that's pretty bad. Any man that sat in a so called church for 20 yrs. and listened to his mentor be a hate monger(look @ the u-tube video)isn't someone I want calling the shots,not to metion he will do his best to take our guns.

DerickRatcliffe

Oct 10th, 2008 - 6:08 AM

Re: AIG BAILOUT

Tuesday, October 07, 2008
AIG Executives Blow $440,000 After Getting Bailout

If you'd just gotten a government bailout, you might be tempted to hold a retreat at a nice California hotel -- and that's exactly what American International Group (AIG: 2.39, -0.80, -25.07%) employees did.

The committee on Oversight and Government Reform held a hearing on Tuesday at 10:00 a.m. Eastern time. to address and examine downfall of AIG, the world’s largest insurance company. The committee planned to discuss the financial excesses and regulatory mistakes that led to AIG’s government bailout.

One of the items discussed was AIG’s expenditure of $440,000 for a corporate retreat at the St. Regis Monarch Beach resort in Dana Point, Calif., about midway between Los Angeles and San Diego. These funds were spent on Sept. 22, a week after the Federal Reserve extended an $85 billion emergency loan to AIG to keep it from going bankrupt due to insurance liabilities.

Click here to see the full hotel bill

According to the receipt from the St. Regis, the eight-day company retreat was a lavish one -- $139,000 was spent on hotel rooms, while even more money -- $147,301 -- was spent on banquets. Another $23,380 was spent on undisclosed spa treatments and another $6,939 was spent on golf. A full $9,980 was spent on room service and food and cocktails at the hotel lounge.

AIG issued a statement saying that "This type of gathering is standard practice in the industry and was planned a year advance of the Federal Reserve's loan to AIG. We recognize, however, that even activities that have long been considered standard practice may be perceived negatively. As a result, we are reevaluating various aspects of our operations in light of the new times in which we operate."

According to the statement, the event was held by one of AIG’s insurance subsidiaries, not AIG employees. The attendees were independent life insurance agents who were "top business producers" for AIG. Only about 10% of the attendees were AIG American General employees, and no corporate executives from AIG headquarters attended the meeting, according to the statement.

But the question still remains, couldn't these "independent" life insurance agents have scaled their activities back a bit in light of the company's bailout?

The St. Regis Monarch Beach resort is described on its Web site as “a landmark resort of legendary proportions.”

Legendary, indeed.

Claude S. Sutton, Jr.

Oct 10th, 2008 - 11:19 AM

Re: AIG BAILOUT

This thread was caused by headline hunting reporters who bent the truth in order to make a headline, thus totally misleading the public.

In the long post above, the truth only shows up at the end in the following:

"According to the statement, the event was held by one of AIG’s insurance subsidiaries, not AIG employees. The attendees were independent life insurance agents who were "top business producers" for AIG. Only about 10% of the attendees were AIG American General employees, and no corporate executives from AIG headquarters attended the meeting, according to the statement."

Note also that the banking crisis was not caused by the life insurance division, but by the division that insured banks.

So the news media was wrong on that.

Our real problems today are caused by the fact that the media is either uninformed or so radically socialist that those who rely on the newspaper and the TV DO NOT HAVE A CLUE!

Put the shoe on your own foot. Where do you work? has your company ever had a contest or an awards program (bonus, pay raise based on success, year end party with award, etc.?)

If so, how would you feel if after busting your $butt$ for a year you came out the top man in the company in performance, but on the day the award was to take place you were told "Sorry, things did not work out like we thought they would; forget it".

No employee should be short changed because his boss is an idiot.

In fact, in bankruptcy cases and company closings, employee pay comes first above all claims other than the IRS, state tax, etc.

And if the employee gets his before any tax liens, he gets to keep it.

So if this was a sales awards party, good for them. They did their part. The pity is that the management did not do their part.

The managers probably will be tried in the courts before it is over. Hopefully they will get their just rewards as well.

CSSJR

	SPEEDDOGS PLEASE USE YOUR FULL NAME OR THE POST WILL BE DELETED. INAPPROPRIATE LANGUAGE WILL GET YOU BANNED. PLEASE BE CONSCIOUS THAT THESE ARE PUBLIC POSTS. PLEASE BE CONSIDERATE OF CHILDREN THAT MAY BE SIGNED ON. American Invitational Champion - Norris' Danny Boy Owner Ronnie Norris
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Author	Comment
WILLIE`S MAIN STREET KENNELS(WILLIAM SMALL) Oct 8, 08 - 5:38 PM	AIG BAILOUT ONLY GOT ONE QUESTION. WHY WASN`T I INVITED TO GO TO SPA, RESORT? I WOULD LIKE TO GET MY SHARE OF THE $444,000 THEY SPENT THERE AFTER WE BAILED THEM OUT. WHAT IS NEXT? Email: Click here to Email
greg biggs Oct 8th, 2008 - 7:07 PM	Re: AIG BAILOUT You think that was overboard you should check out thier salaries and bonuses for last year..the bonus was 5 million ...bailing out these greedy people is crazy
greg outlaw Oct 9th, 2008 - 3:39 PM	Re: AIG BAILOUT republicans for ya
Kyle Stotesberry Oct 9th, 2008 - 3:44 PM	Re: AIG BAILOUT How can it be just the republicans???? everything except the white house is Democratically controlled Email: rkstotesberry@earthlink.net
Hank Cranford Oct 9th, 2008 - 4:42 PM	Re: AIG BAILOUT Doesn't look like Socialism is taking off too well. Free Food. Free Money. Free Healthcare. Free Housing. Email: hanker111@yahoo.com
Steven Elmore Oct 9th, 2008 - 5:22 PM	Re: AIG BAILOUT They annouced their loaning them another 40 billion today. The government is in such a panic their all gone to send us straight to the soup lines.
thomas richards Oct 9th, 2008 - 6:53 PM	Re: AIG BAILOUT I hope they all go broke I can live off the deer standing around my area for a few weeks, They got themselves in this problem, They can dig there way out!
Janney\'s Combination Kennels Oct 9th, 2008 - 7:43 PM	Re: Re: AIG BAILOUT Its not the "average" people who did this, its the money mongers....When I read about AIG having the big bash after being bailed out, it made me so angry....this is a tough election year...I truly feel George Bush is the reason the country is in the mess its in today, the new Congress hasn't had that much time to do anything that terrible, plus Bush vetoes any good proposals that comes across his desk....but when Bush first got in he awarded a "NO BID" contract to Halliburtin, Cheney"s old company..and he got richer and richer after that...its sad, but I think he is the worst President in history...you can go on the Internet and pull up President "errors"...they have all had their moments but nothing like this... We have voted both Republican and Democrat, which is a great right to have...but right now we are pretty sick of the current Administration...and as far as helping poor and downtrodden people, we believe God wants us to do that, none of us are perfect and we should help others.... We hate the "attack" talk, we should be able to discuss things without getting nasty...Of course we all have different opinions and feelings, so why do we condemn others for feeling differnt. Just our opinion, Irv and Sherrill
thomas richards Oct 9th, 2008 - 8:43 PM	Re: AIG BAILOUT Jamey, this just didn't start with bush, he's had to much crap going on like protecting the homeland, this started way back and it has finally come full circle(jimmy carter bill clinton). Now Barack Is saying he will reward the middle class with breaks, clinton did the same thing(he didn't) while at the same time giving the poor who don't pay taxes more breaks(equals votes)and to top it off barack's main two guys had there hands in the cookie jar with freddie mac and countrywide. You can't give everybody, a free education, free healthcare, and the a low income mortgage and expect to have a surplus on hand. Thats what ****** me off, I am not rich by any means but I have to pay for what i get, and then I have to vote for the one who sucks less cause its the only alternative! By the way I would hated to be in bush's shoes on 9/11, have to do the right things(not popular) and have some monday morning quaterbacks talk trash about me! Just my opinion!
thomas richards Oct 9th, 2008 - 10:15 PM	Re: AIG BAILOUT Vote Republican!
greg outlaw Oct 9th, 2008 - 10:37 PM	Re: AIG BAILOUT The only way you should vote republican is if you are making over 250K a year. Now, I'm pretty confident that anyone who posts on this nice website we have here doesn't make quite that much, so maybe we all should stop trying to be cool "republicans" and know your place...it's ok to hunt, own guns and wear camo with your wife to Wal-Mart after a nice dinner at KFC....and it's also ok to vote Democratic every now and then when needed.
thomas richards Oct 9th, 2008 - 11:01 PM	Re: AIG BAILOUT You can read into to that bullcrap if you want to but 10% percent of the people in this country pay 70% of the taxes if you think Obama is gonna give you a break, you gotta another thing coming! Yeah I just bought some new socks @ walmart yesterday paid 37% too much because of corporate taxes, I am not trying to be cool, common sense wins time and time again! Buy low, sell high,= free enterprise, free housing free education food stamps free healthcare= socialist country, pull your head out of the sand! Not trying to hurt feelings, this Upper class vs. lower class helping the middle class is a crock of crap! Robin hood was a criminal and if me and you did what he did we would be in jail! At the present time I don't make $250 thousand but I am not gonna blame that on a president or stand in a hand out line! Vote republican! _
WILLIE`S MAIN STREET KENNELS(WILLIAM SMALL) Oct 9th, 2008 - 11:03 PM	Re: AIG BAILOUT WHEN NEEDED. NOT IN 2008. Email: WILLIESMAINSTKN@AOL.COM
Claude S. Sutton, Jr. Oct 9th, 2008 - 11:11 PM	Re: AIG BAILOUT Irv and Sherill: You need to study up a little and get the facts. First, the congress who you say have not had time to make any changes, has been in office for 4 years. That is long enough to make changes. Bush has only vetoed maybe two bills the entire time he has been in office. He has not used the vetoe nearly enough. But more important, you need to study how this mess came to being. There was plenty of crookedness on Wall Street, but the dims put it out there for them. You need to look up the Community Reinvestment Act. Next http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=106_cong_public_laws&docid=f:publ102.106 If you dig far enough in that, you will find: ================== ``(l) Conditions for Engaging in Expanded Financial Activities.-- ``(1) In general.--Notwithstanding subsection (k), (n), or (o), a bank holding company may not engage in any activity, or directly or indirectly acquire or retain shares of any company engaged in any activity, under subsection (k), (n), or (o), other than activities permissible for any bank holding company under subsection (c)(8), unless-- ``(A) all of the depository institution subsidiaries of the bank holding company are well capitalized; ``(B) all of the depository institution subsidiaries of the bank holding company are well managed; and ``(C) the bank holding company has filed with the Board-- ``(i) a declaration that the company elects to be a financial holding company to engage in activities or acquire and retain shares of a company that were not permissible for a bank holding company to engage in or acquire before the enactment of the Gramm-Leach-Bliley Act; and ``(ii) a certification that the company meets the requirements of subparagraphs (A) and (B). ``(2) CRA requirement.--Notwithstanding subsection (k) or (n) of this section, section 5136A(a) of the Revised Statutes of the United States, or section 46(a) of the Federal Deposit Insurance Act, the appropriate Federal banking agency shall prohibit a financial holding company or any insured depository institution from-- ``(A) commencing any new activity under subsection (k) or (n) of this section, section 5136A(a) of the Revised Statutes of the United States, or section 46(a) of the Federal Deposit Insurance Act; or ``(B) directly or indirectly acquiring control of a company engaged in any activity under subsection (k) or (n) of this section, section 5136A(a) of the Revised Statutes of the United States, or section 46( ===================================== It goes on and on but what it says is that if the bank does not follow the CRA the bank will not be allowed to expand or purchase other banks. After this act was passed, Janet Reno had the justice department check each bank to see that it was following the CRA. To put it in a nutshell, the two above acts forced the banks to make all of those bad sub prime loans which the banks then sold to Fannie Mae and Freddy Mac to get rid of the bad loans. There were so many of them written that they had to sell 60% of the total to banks in England, Germany, France, etc. Later the auditor for the FM twins was so upset over the unethical accounting going on that he went to congress along with a group of republicans (and this is all on tape. I saw it), and Barney Frank, Maxine Waters, Chris Dodds and Chuck Shumer laughted at them. Barney Frank said there was absolutely nothing wrong. All crooks but he the worst because he was having a homosexual relationship with a high officer in one of the FM's, I forget which. He called the guy his spouse. For 10 years. ACORN, the same outfit that is now being investigated by the FBI for voter registration fraud, was in on the earlier days of sub prime loans. They would go into banks, the first one being the Chicago office of CitiBank, the same outfit that tried to buy Wachovia, and threatned to sue them if they did not make loans to the poor who could not raise a down payment. Actually this is what really got the ball rolling. CityBank had to agree to keep out of court and of course they wanted to be PC. And they had to worry about that CRA act and the Gramm.....whatever act linked above. And BO was the ACORN lawyer at the time and he was also a street organizer teaching them how to be effective. So do your homework before you vote. I can write 100 or 200 pages on this subject, but smart people will get the idea from this and do a little googling. You can start with Obama Community Reinvestment Act. You will get a real eye opener just from that one. CSSJR Email: claudesutton@suttonmachine.com
Claude S. Sutton, Jr. Oct 9th, 2008 - 11:28 PM	Re: AIG BAILOUT I did not make it clear that the link I gave is not the link to the CRA, it is a link to the GRAMM-LEACH-BLILEY ACT which is the legislation from which I included the quote and the legislation that gave the justice and treasury department the club to beat the banks into making the loans. The problem we are having today is not due to no one doing anything. The problem is due to the congress passing legislation trying to force the banks to make loans they would never ever have made had they not been forced to. And this was all done by dims. The GRAMM-LEACH-BLILEY ACT was a bill brought up by the republicans to get the banks more freedom to enter businesses other than banking only, but the dims made them accept the part I quoted that enforced the CRA. Sort of like all of the crap in the bailout bill passed last week. If you want me to vote for your legislation, you have to bribe me by including this stuff I want. To get info on the CRA, you have to google it as I said in the other post. As for the dims being the poor man's friend, let me ask you two questions: Why is gas so high? The dims keep telling you how they feel for you and your gas costs. What they don't admit is that it is high because they passed all of those laws against drilling. Gas is high because the dims are nuts on this global warming save the trees crap. Second, do you not know the dims record on voting against guns? Talk about going hunting and voting dim? You sure had better wake up because the dims in DC are against both. Do you know that BO threatened to sue and to get the FCC licenses taken away from TV stations in PA and OH because the NRA ran the same ad information you got from the NRA last month on BO's voting record? So my second question is: Do you know that the lawsuit against the TV stations in PA and OH are direct attacks on both the 1st and the 2nd Amendments to the Constitution? If that is the guy you want for president, go ahead. Vote straight dim. CSSJR Email: claudesutton@suttonmachine.com
Thomas T. Wynn Oct 9th, 2008 - 11:30 PM	Re: AIG BAILOUT Mr. Sutton quit being the internet cop. A blind man can see what is going on in this country. If we where in this same situation after a Democrat President you would feel the same. Mr. and Mrs. Janey you took the words out of my mouth. very good post. Email: twynn@ncboats.com
Claude S. Sutton, Jr. Oct 9th, 2008 - 11:39 PM	Re: AIG BAILOUT Mr. Wynn: When you tell me to quit.....whatever, you are being the internet cop. I am only putting information out there for those who have not had the time to chase this stuff down. Another one I just found: http://www.youtube.com/watch?v=ivmL-lXNy64 Email: claudesutton@suttonmachine.com
Claude S. Sutton, Jr. Oct 9th, 2008 - 11:55 PM	Re: AIG BAILOUT Much better. Saves a lot of digging. Done for you. http://mypetjawa.mu.nu/archives/194379.php Email: claudesutton@suttonmachine.com
Nottaway Kennels Oct 10th, 2008 - 4:08 AM	Re: AIG BAILOUT Ask yourself how was your 401k two years ago(mine was fine making about 7%) after the Dems took over in Congress its been down hill,for those who don't know the Congress rating is lower than G.W.Bush, that's pretty bad. Any man that sat in a so called church for 20 yrs. and listened to his mentor be a hate monger(look @ the u-tube video)isn't someone I want calling the shots,not to metion he will do his best to take our guns.
DerickRatcliffe Oct 10th, 2008 - 6:08 AM	Re: AIG BAILOUT Tuesday, October 07, 2008 AIG Executives Blow $440,000 After Getting Bailout If you'd just gotten a government bailout, you might be tempted to hold a retreat at a nice California hotel -- and that's exactly what American International Group (AIG: 2.39, -0.80, -25.07%) employees did. The committee on Oversight and Government Reform held a hearing on Tuesday at 10:00 a.m. Eastern time. to address and examine downfall of AIG, the world’s largest insurance company. The committee planned to discuss the financial excesses and regulatory mistakes that led to AIG’s government bailout. One of the items discussed was AIG’s expenditure of $440,000 for a corporate retreat at the St. Regis Monarch Beach resort in Dana Point, Calif., about midway between Los Angeles and San Diego. These funds were spent on Sept. 22, a week after the Federal Reserve extended an $85 billion emergency loan to AIG to keep it from going bankrupt due to insurance liabilities. Click here to see the full hotel bill According to the receipt from the St. Regis, the eight-day company retreat was a lavish one -- $139,000 was spent on hotel rooms, while even more money -- $147,301 -- was spent on banquets. Another $23,380 was spent on undisclosed spa treatments and another $6,939 was spent on golf. A full $9,980 was spent on room service and food and cocktails at the hotel lounge. AIG issued a statement saying that "This type of gathering is standard practice in the industry and was planned a year advance of the Federal Reserve's loan to AIG. We recognize, however, that even activities that have long been considered standard practice may be perceived negatively. As a result, we are reevaluating various aspects of our operations in light of the new times in which we operate." According to the statement, the event was held by one of AIG’s insurance subsidiaries, not AIG employees. The attendees were independent life insurance agents who were "top business producers" for AIG. Only about 10% of the attendees were AIG American General employees, and no corporate executives from AIG headquarters attended the meeting, according to the statement. But the question still remains, couldn't these "independent" life insurance agents have scaled their activities back a bit in light of the company's bailout? The St. Regis Monarch Beach resort is described on its Web site as “a landmark resort of legendary proportions.” Legendary, indeed. Email: info@vahda.org
Claude S. Sutton, Jr. Oct 10th, 2008 - 11:19 AM	Re: AIG BAILOUT This thread was caused by headline hunting reporters who bent the truth in order to make a headline, thus totally misleading the public. In the long post above, the truth only shows up at the end in the following: "According to the statement, the event was held by one of AIG’s insurance subsidiaries, not AIG employees. The attendees were independent life insurance agents who were "top business producers" for AIG. Only about 10% of the attendees were AIG American General employees, and no corporate executives from AIG headquarters attended the meeting, according to the statement." Note also that the banking crisis was not caused by the life insurance division, but by the division that insured banks. So the news media was wrong on that. Our real problems today are caused by the fact that the media is either uninformed or so radically socialist that those who rely on the newspaper and the TV DO NOT HAVE A CLUE! Put the shoe on your own foot. Where do you work? has your company ever had a contest or an awards program (bonus, pay raise based on success, year end party with award, etc.?) If so, how would you feel if after busting your $butt$ for a year you came out the top man in the company in performance, but on the day the award was to take place you were told "Sorry, things did not work out like we thought they would; forget it". No employee should be short changed because his boss is an idiot. In fact, in bankruptcy cases and company closings, employee pay comes first above all claims other than the IRS, state tax, etc. And if the employee gets his before any tax liens, he gets to keep it. So if this was a sales awards party, good for them. They did their part. The pity is that the management did not do their part. The managers probably will be tried in the courts before it is over. Hopefully they will get their just rewards as well. CSSJR Email: claudesutton@suttonmachine.com