iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,103 Blog Posts

Fuck AIG

Seriously, dude, the fact that AIG is being permitted to “gift” $165 million in bonuses makes me want to take a pitchfork and throw it, mind you, through my local congressman, if you know what I mean.

On top of that, we find out tonight, via bullshit AIG disclosure, that American tax payers dished out $170 billion dollars, thus far, not to just bail out the fuckers at GS, but loads of foreign dickfaces, clamoring for U.S. dollars.

Societe Generale, Deutsche Bank, Barclays and scores of foreign banks are eating caviar on your buck. Oh, and Goldman Ball Sachs received more than all of them, close to $13 billion. Well done Secretary Paulson.

In other words, we bailed out AIG, to save the bond guys at Pimpco or whoever is long AIG paper, and GS. Without government funds, GS would be trading close to $00.00.

Fuckers. Fuck AIG, Fuck GS, and fuck taxes.

Fuck, fuck, fuck fuckitty, fuck.

NOTE: Cronkite has the breakdown of U.S. funds deposited into foreign purses.

If you enjoy the content at iBankCoin, please follow us on Twitter

121 comments

  1. Rex

    I support this message.

    That is all

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. charlie

    Indeud.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. zero point zero

    the fly is god

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. Woodshedder

    Its even worse than that Fly. Based on what I’m reading in the link below, GS, JPM, etc. would get their money, no matter what.

    http://blog.livememories.com/2009/03/land-of-coward.html

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. jjjsix6

    If this was India, people would have found and beaten the CEO to death by now. Just saying. That’s how they roll.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. FastEddie

    New AIG ticker: FAIG

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. omfgitsjd

    You know. My kids will probably be $300,000 in debt before they turn 18 at the rate the government is borrowing.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. The Fly

    Wood

    I know. A little bonus in the 2005 bankruptcy law.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. CAP

    Solution to the financial crisis from the link Wood provided

    Gather up AIG’s smartest and brightest. Cut their dicks off (sorry for being a chauvinist), shove them in their mouths, shackle them and parade them naked in down town D.C. Promise the same destiny to any executive that was involved in the decisions made over the 2004-2007 period and who refuses to pay back their bonuses and/or refuses to invalidate any CDS contracts they wrote at the time.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. fortune8

    Dam! You express my emotions well. Only in America can B.S. like this happen. In China, you probably get executed.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. arnoldsimage

    http://www.youtube.com/watch?v=6dfPAEYxcqY

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. MOOBER

    Jake? Thoughts?

    http://blog.livememories.com/2009/03/land-of-coward.html

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. chesiremouse

    And we are all going to line up like good little drones and pay our income taxes this April. We need to renact some scenes from history, like the French Revolution, for example. Government should fear their people, not vice versa. Apparently our government has nothing but contempt for its citizens.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. Woodshedder

    Boomer you itchin’ for a fight?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. MOOBER

    Not at all. Just teasing a bit.

    Seriously though, I’d like to hear Jake’s thoughts.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. Damon

    So, the news is that Obama is afraid of AIG….no longer are the traders that brought it down considered “enemy combatants”. They will get their “habeas corpus” in the form of millions and millions of YOUR tax dollars.

    Cramer is slinging turds across multiple networks as he attempts to bring down CNBC.

    The we have “protectionism through competitive devaluation of currencies” now occurring by banks/governments on a global basis.

    Oh yeah, about that little bear market rally we were having last week…the one that the “Fast Money” guys told you to buy into..yeah, well.

    Top it all off with Berkshire Hathaway’s credit rating downgraded (you know that’s gotta HURT Warren BAD deep down inside).

    Deflation will be the chocolate sprinkles on top of this Cleveland Steamer.

    Blood on the highway, baby.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. InternationalGroupie
    InternationalGroupie

    JJJsix6

    I, Indian born, raised in the US, was never brainwashed to believe everything kind, smiling folks on tv say, and questioning everything is the only true way. Of course, i understand your view that in India, CEO would be held responsible, but understand that Indian eat alot of cholesterol and maybe they get too emotional at times. We are trying to become americans more than most americans understand. Remember, India is where all type of folks live, and people have learnt to live with differences in cultures. From what i have seen here, media always perpetrates Indians as angry folks through showing the clashes, since thats all the news we can get here. Also that stupid indian movie that some brit made, is gay. It may be the nationalist part of me or just the fact that the actor looks like a douche.

    All in all, indians are calm, rational folks. If you steal something from them, expect retaliation because respect is important in our culture. If i was still in the age of wars, i would say something like this “Meet me as friends, id lay my life for you, meet me as enemy, and i shall lay your life for you.” Hmmm…im sure ill reincarnate in another era of destruction where my poor line will come in handy.

    More about me: believe in god but don’t know which one, thank brits for infrastructure and technology, but please so suck a dick, and all the spartan women, please raise my child to be a true man.

    :Any spartan blood left these days?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. charlie

    I haven’t seen Lil2Rich4U around recently, but it looks like he hasn’t been making payments on his woman’s SUV:

    http://www.break.com/index/repo-man-tosses-woman-out-of-car.html

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. Woodshedder

    IG, well said…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. InternationalGroupie
    InternationalGroupie

    Kinda reminds me, who put that black persons pic as my avatar. Just so you know avatar is a world of indian origin. so is chai. Thank you very much. Would you like a slurpy with that sir?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. Marc David

    This is what $100 million gets you? American’s best and brightest? The frigging bagger at Safeway is better and brighter and more honest and makes $6.75 an hour.

    “We cannot attract and retain the best and the brightest talent to lead and staff the AIG businesses – which are now being operated principally on behalf of American taxpayers – if employees believe their compensation is subject to continued arbitrary adjustment by the U.S. Treasury,” AIG’s government-appointed chairman, Edward Liddy

    http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/03/15/MNBK16FL07.DTL&hw=aig&sn=004&sc=753

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. Phil_from_Brazil
    Phil_from_Brazil

    This is what the AIG goons deserve.

    http://www.youtube.com/watch?v=khyZI3RK2lE

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. j-daddy

    Pitchforks and torches in the streets won’t happen when it’s the semi-affluent bearing the brunt of it. We’ll get p.o.ed, but no big protests and so no change in govt tactics. We’ll deflate along for a couple of years, then deflation could reverse sharply and we could have high inflation. That would get people out into the streets in a jiffy.
    One question I have, though, is this: given that all countries are in the pooper, making the US a giant among midgets, is it possible to have multiple simultaneous currency collapses including the US? In other words, a no-safe-haven worldwide currency fuck-up.

    IG-
    I, as an American, don’t recall ever seeing Indians portrayed as angry or really anything other than calm and rational. Pakistanis, on the other hand, are frequently portrayed as angry wackos. But they totally deserve it.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  24. Braveflaps

    I have a shitload of Jan ’10 Ball Sachs death puts and should be stinking rich right now BUT NOOOOOOOOOOOO!!!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  25. The Fly

    This is what AIG management deserve

    http://www.youtube.com/watch?v=p5O7JnmUbFw

    THE IRON LOTUS!!!!!!!!!!!!!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  26. alphadawgg

    Don’t start the revolution without me.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  27. arnoldsimage

    the iron lotus… now THAT made me laugh:) i needed a good laugh

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  28. arnoldsimage

    buy buy buy… http://www.youtube.com/watch?v=gOGinhzq7E4

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  29. mrkcbill

    March Madness pick get long AIG….seriously fuckers.

    USA’s Team

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  30. Cuervos Laugh

    So all those mergers in the 90’s brought on systemic risk?

    Whoda thunk it?

    BTW, all those non US banks helped fund that nice little bull market from 87 on up so, just as the current administration is trying to make sure that China doesn’t run screaming for the Euro or Yen – it also has to deal with the European investors – as well as those that invest THROUGH the European markets.

    Welcome to the globalisation of the markets. You can’t have it both ways Fly – i.e. globalise when it suits the American taxpayer and nationalistic when it doesn’t.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  31. T MOE

    Could not have said it better myself fly. Goldman is the antichrist, and the leaders of the New World Order. Liddy former Goldman Board member, Thain Former Goldman, Paulson former Goldman, Steele former Goldman, The list goes on and on.

    FUCK Goldman, Fuck the Partnership

    Revolt! Revolt!!!!!!!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  32. T MOE

    I have posted this before, this is definitely worth the read

    http://www.nytimes.com/2008/09/28/business/28melt.html?_r=1&pagewanted=2

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  33. Cuervos Laugh

    LULZ @ T MOE.

    None != NWO (sure that’s a double negative but whatever)

    Think on this – if there was a vast conspiracy, don’t you think they’d have paid themselves off in a more secretive manner?

    Conspiracy theories == lazy analysis.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  34. malaka

    OOOOO that photo you put together with Paulson is fucking hysterical, especially because of his sour puss mouse frown.

    Like he just took a shot of some Russian Stolichnaya Elit. Wait actually the Stoli Elit is probably one of the most pimp vodkas around.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  35. j

    markets look okay today. Maybe time to buy a little of the banks.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  36. TraderCaddy

    Done for the AM.
    Thanks SMH short.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  37. T MOE

    I honor of this post the T MOE shorts GS at 100

    Fuck Goldman

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  38. TraderCaddy

    The new math.
    Favorable write up in Barron’s – bad AM stock action = decent day trade short.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  39. JakeGint

    Jake? Thoughts?

    Hard to take him very seriously. Kind of “Jeffrey-level” stuff.

    Anonymous blogs are like that, though.

    _________

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  40. j

    anyone listen to the Larry Summers speech and questions.The dude seems to be the only adult in the administration.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  41. TheArtist

    Henry Fool, you really nailed SWHC, it made it to over 5.00, back from 1.53

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  42. Barney Frank

    Thiss is outwageouss. If these people want to keep paying out weetention bonufses I weew have to put the kaboshf on thiss irweschponsiboo schpending. Weetention bonufses? If they were in schoo, these people would not get weetention, but detention.

    Off to my Wroman bathfhouse.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  43. Henry Fool

    Hey now!

    Try ARST looks like it wants to all time high BTFO over 12.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  44. Henry Fool

    SWHC was a great call. I traded it for weeks and weeks in and out and made a ton. Fly came along and hit and run on it perfectly capturing the lions share of gains. Hats off to anyone who played the BO that well.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  45. my DIG is showing a little pep here.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  46. mrkcbill

    I thought Bernanke looked worn the fuck out. He had that “hey man I just work here” look on his face. If he gets us out this shitstorm…the good men at IBC should pitch in and buy that guy a 5-Diamond hooker.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  47. Bman

    HEY FLY!!!!

    I’m screwed! I SHORTED SHORTED SHORTED DXD, not long! I would be winning the South quarter right now if you had fixed this when I previously asked you to. You got it wrong, then you obviously ignored my post to fix it, now you remove me from the sheet even though I am the front-runner for the south! Damn you FLY!

    Go back to my original post and you will see I very cleary SHORTED DXD. What gives? My post is here — http://www.ibankcoin.com/rcblog/index.php/2009/03/06/march-madness/

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  48. TheArtist

    Henry, with the gun crazy still hot, and bullets nonexistant in Alabama store shelves due to the same, do you think SWHC has the potential to hit a 52 week high and move up from there still?

    you think it could slowly inch up from 5.00 to 7.00 and then head up to 8.00? The gun craze is not slowing up, if anything it’s getting hotter….I just bought a Rock River Arms AR15 CARtactical5.56 and no gun dealers that are RRA in my town have any in stock, one dealer has had 30 on order since October and still has not received one yet. I had to drive to another town and they only had one in stock and I bought it and of course had to pay 160.00 over retail because they have jacked all guns up beyond retail prices since if anyone wants them, they HAVE to pay the price, knowing one day the prices could go up even more…..

    just want your thoughts?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  49. Juice

    Brian F. Reynolds, CFA
    Chief Market Strategist
    Monday March 16, 2009

    Even More Parallels

    Summary

    -We take a look at the increasing number of parallels between what is happening now and what happened last year

    We’ve often related how one of our mentor’s favorite sayings is that history doesn’t repeat, but it does rhyme. Over the last couple of weeks, we’ve been writing that this saying seems to apply more and more to the current situation. This past week has brought more parallels.

    Stocks

    On February 24, with the S&P around 743, we ran a column with the title “Stocks Just Entered Short-Term Oversold Territory.” By the end of that day, stocks had surged, the S&P was up 4%, and we were getting congratulatory phone calls. But we told those callers that something wasn’t right, and that this action actually made us uneasy. If someone had just read our title and then saw the 4%, it could be said we were dead on. But a careful reading of our column shows that once stocks hit oversold, they usually (but not always) fall further before the bounce begins. As they fall, the credit bears tighten the trailing stops on their positions. That leads to a panicky blow-off low, initially led by short-covering in response to a couple of news items, but then bringing in stock buyers who believe the worst is behind us. That buying then often takes stocks back above the level they became oversold at.

    The latter part of that paragraph describes the last week, especially the part about bringing in the stock buyers who believe the worst is behind us.

    Credit Markets

    As with the stock bounce at the end of last year, the credit bears “rang the register” and did some temporary short covering of credit with the intent of returning to re-short at higher prices.

    Comically, the same crew of swing traders, who were badly burned by their own pumping up of credit at the end of last year, went at it again. In just a few days, they took HYG (the fund that purports to be a junk ETF, even though it poorly tracks a poorly composed index) from a 3% discount to a 4% premium.

    So, just like last spring and last winter, the wrong people are buying credit, at least the junk variety.

    What is interesting though is that, like the panic that began in June, investment-grade corporates did poorly last week despite the euphoria in stocks.

    What is even more interesting (again, like the panic we saw last June), the panic in money markets broadened out.

    It took a full year for a ratings agency to downgrade GE, and then only a notch. The result was a “relief” rally in GE’s stock and corporate bonds.

    But their short-maturity bonds continue to indicate panicked bondholders. Remember, the issue is not how strong GE is, but rather how strong its bondholders are.

    While GE’s short-maturity bonds gained a little, a number other short-maturity issues worsened. Again, for every issue that we see getting bad bids, there are many getting none.

    Conversations

    This action produced an interesting dynamic at the money market conference that we co-chaired last week. It was as if people could see this action, but were in denial because it hasn’t impacted commercial paper or money market funds.

    Traditional money market funds have seen inflows in the last few months, and the commercial paper market has clamed down. Many of the formal presentations noted this, and there was widespread hope that this would continue.

    But we lost track of how many times we had the same conversation with our friends at various points during the conference. People would ask us what we think lies ahead. We would say: “you know that if you bid 25% for the 3-month Genworth bonds that were yielding 14% a few months ago, you would probably own the whole issue. You know that if you bid 20% for the 15-month HSBC bonds that yielded 7% a few weeks ago, you would probably own the whole issue. You know that if you bid 14% for the 15-month Bank of America bonds that yielded 7% a few weeks ago, you would probably own the whole issue. You know that if you bid 8% for the 18-month American Express bonds that yielded 5% a few weeks ago, you would probably own the whole issue.”

    Our friends would typically respond with a downcast “yeah.”

    Then we would say: “you know we can go on listing more of these for a while. You know they are owned by the “cash-plus” type of investors that have no appetite for losses like these, even though they just spent two months pushing to find higher yields. Do you think this action will get better on its own.”

    Our friends would typically look at their shoes and say: “I know. I was just hoping it would be different this time.”

    Conclusion

    Stocks are working off their oversold condition; in a similar fashion to when they reached oversold last June and October.

    The wrong people are buying junk bonds, just as they did on a number of occasions last year.

    The panic selling in short-maturity corporates is broadening, as it did after it began last June. There is a chance that this panic could just blow over and wither on its own, but that has never happened. While it may take a few months, as it did last summer, the odds favor this panic eventually impacting the stock market.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  50. It’s a very interesting time and I think the market will go significantly lower

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  51. Henry Fool

    Artist:

    I do think SWHC has the potential to trade higher. I had thought it could gat back to $5 because that’s were it really fell out of bed last year. I’d like to see it base over $5 for a while before I look at it again. I’m not chasing strength.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  52. TraderBOB

    Our financial system is run by crooks. Hank Greenberg from AIG is a crook and needs to shut up and stop blaming current management

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  53. TraderBob

    Mr. Fly
    Can you please comment on SRS?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  54. Henry Fool

    morning shakeouts done

    It’s time to RUN

    ex. ARST

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  55. to Henry

    morning “suck in on pullback” is done, time to go down hard 🙂

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  56. j

    Henry

    The market is very prone to going higher from here I think. The administration has pulled out all stops to show it is capable of managing things and that the O’man has some adult supervision. Volcker, Summers, Bernanke.

    We’re going to get the toxic asset story soon. I really like US banks here, changes to the accounting rules. Banks suggesting they will =make money this quarter.

    This is not the time for the market to take a dive.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  57. charlie

    Well put, John Browne

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  58. Dr. Incognito

    I’ve spent the last 20mins scooping up some beaten down techs. RIMM and MSFT to name a few.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  59. JakeGint

    Test!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  60. JakeGint

    Oh great… the system is only randomly eating my posts now.

    ________

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  61. JakeGint

    My eaten text was to “To Henry” where I said to take a look at UPS to get a feel for where the market was headed.

    They are like the first Robin of Spring, and the first dead one of Winter as well.

    _______

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  62. JakeGint

    Most intriguing “David and Goliath” first round matchup?

    I’m going to nominate North Dakota State v. Kansas.

    _________

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  63. gappingandyapping
    gappingandyapping

    This straight up rally is setting us up for a complete collapse. I will be taking profits into the rally today.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  64. mrkcbill

    Good Call Jake, I understand the team is loaded with Seniors for this very day. Friggin Ringers no doubt. I’m sure they’ll out Tatoo us.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  65. Hank Paulson sez: F AIG? F you – I take care of my pals. Bernanke wouldn’t lie to you, would he? Listen to him, suckers!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  66. Cash-N-Guns

    SRS acting like a bull dog in a butcher shop here…long SRS today.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  67. Snapini

    You never want the best and brightest at the top. EOM

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  68. Master Fly thinks it’s ok sleep all day because he’s 100% cash…pffft!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  69. j

    Putting a few things together.

    1.If the market sees the proposed changes in mark to market rules relaxing the pressure on the banks and it’s done and presented in such a way as to show we have some transparency while the banks have more room to breathe (this can be done in a really smart way by having the FASB endorse the changes citing rigidity etc),

    2 If the banks report some reasonable earnings in April

    3 If there is something done about the toxic assets

    4. If the stress test is painted in a somber by rosy picture – this too can be done

    The freaking banks will fly.

    A combination of all these is actually likely.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  70. T MOE

    VIX up with market up?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  71. Nasdaq

    It’s my fault T-Moe.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  72. TheArtist

    O.K. everyone is mad as hell at AIG and so it goes up 70% in 3 hours?
    WTF

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  73. T MOE

    T MOE adding to his DUG position

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  74. theman

    get used to it, you, the taxpayer, will be hosed beyond anything your brain can imagine. it is every man for himself.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  75. Henry Fool

    DIG trading over middle BB band
    Daily (14) RSI about to cross the 50 line
    MACD crossed last week
    I think it can run towards $25
    strength in DIG is telling me stay long too.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  76. gappingandyapping
    gappingandyapping

    Watch oil here, something is brewing.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  77. JakeGint

    KC — not saying they’ll win, just that it should be an intersting game. Lotta “Hoosiers” in that NDak team.

    I also like Siena over Ohio State, whom I think “weak.”

    ___________

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  78. the duck

    the fucker to speack again… market going lower starting now!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  79. RC

    gapping, long a shit load of DXO.

    Also, long WTI.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  80. lets not forget the pukes at GE suze orman and james fuckin retard cramer who are making major coin, meanwhile, GE capital is only around because the fucking govt back stopped its commerical paper. Fuck em, no one is talking about the pukes on CNBC or cramer or orman and the millions they are paid, if it wasnt for the pitiful fed, GE would be DEAD.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  81. E8

    Interesting …. JakeG, who has been the iETF of Squealer the Pig from Animal Farm, dismisses the current status of capitalism and the free market system that has evolved under “The Last Administration” as opined by the post as “Jeffrey-level” stuff and declines responding with his usual defenses … maybe a move to the center is being reconsidered by the staunch conservative.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  82. SurroundTheirHousesAndBurnThem
    SurroundTheirHousesAndBurnThem

    I TOTALLY Agree that the AIG (and MERRIL) BONUS situation which is to be footed by the “peon” US taxpayer is absolute, BULL ____T. How can we all unite to Assure these ASSH____ES
    DO NOT GET A SINGLE PENNY .

    This goes further….not only should they NOT be paid a cent, they should themselves PAY us back.

    IT is so frustrating to hear how supposedly “legal” this bonus situation is because it was “in a contract”/

    I say…these ASSH______ES need another type of “CONTRACT”….a contract put out on each and every one of them!

    You’re right, the situation is FUCKED, DOUBLE-FUCKED and TRIPLE-FUCKED ! Burn em’, their houses, cars, golf bags and Viagra prescriptions!

    is
    OBSCENE !

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  83. Employee8

    Hank Greenberg: Hero whistle blower or potential Asshat of the Month ….

    http://www.ritholtz.com/blog/2009/03/greenberg-sues-aig/

    Hank exercised his deferred options in the $50’s in Jan 08′ and is now suing the Federal Gov and former AIG executives for fraud. Apparently he believed management’s CDS exposure fairytale and couldn’t pull the plug on his stock as it tanked in a bear market all the way down to 45 cents ….

    Old man deserving to be kicked down a stairway and named Asshat of the Month or victim of fraud and conspiracy and a hero for bringing the whole GS backdoor CDS payoff to light?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  84. David Louw

    After getting money from AIG, Barclays have just announced a very good first quarter. Almost worse than AIG paying bonusses!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  85. Eric

    FUCK AIG, fuck those cock suckers

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  86. Eric

    SERIOUSLY

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  87. I'm Japanese

    FUCK AIG PIECE OF SHIT. KILL THEM ALL.

    In Japan also, of course, we know this news.
    We all are fed up and pissed off with AIG motherfucking cocksuckers.
    Big bonuses? to fucking losers? Fucking shit. Die, assholes.
    Hellicious financial crisis is not only the issue of America. Many people around the globe is involved in it.

    I suggest some terrorists anywhere goes for AIG to bust caps in their bitchy fucking asses.

    Kill’em Fuck’em

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  88. Bernie

    amen how dare they…they must know what they are doing, yet are so imcompetent (or evil) that they continue with it. I say we grab our pitchforks and cut of their heads!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  89. Mike Reaves

    https://securecontent.aig.com/contact-aig_20_19050.html

    Let AIG assholes know what you think today.
    Their toll free phone numbers are also on this page.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  90. Mike

    Just take out full page ads in all major newspapers, send an Email to all those with a social security number, post it on every Federal, state, and local website – what are we publishing? The names, addresses, and telephone numbers of every person that works for a company that took bailout money and received a bonus check.

    Fuckers would all be dead by the end of the month and after their bank accounts were emptied!

    I’m just saying

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  91. Leslie

    Why should I, a senior citizen who just lost 2 of my jobs, have to pay my income taxes in April? I am so disgusted with this AIG situation and more, that I need to keep my money safe from this outrageous decision making. Who is going to help me when I run out of money? I can’t collect unemployment because I am on a 1099 – who will pay my bills, buy my food, put gas in my car? So you say everyone has to pay their taxes? I’m going to have to think that over this year.

    I am so very disappointed in this country and the way it has been run and is continuing to be run. I voted for President Obama. If he can’t stop these AIG bonuses or get the money back, no one can. Yes you can, President Obama, Yes you can!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  92. Barry Soetoro

    I gonna take a switch and bitchslap me some whiteys at AIG. They is making my coon ass look bad.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  93. tony

    There should be a bounty on these motherfuckers…If I ran my small business like they chose to run theirs ( ours,now ), I would be bankrupt, out of money and totally out of luck…my ass, my hard luck, sorry you made bad ( risky, greedy ) choices… No fucking bailout for me, let alone any kind of bonus…This whole AIG debacle is the most unheard of thing I have EVER heard of, and is a bloody, hard, break-your-nose punch in the face to EVERY American taxpayer…Tar and feather these assholes who have the sheer AUDACITY to accept a bonus under these conditions…I could honestly give a fuck less if they are sued for failing to pay bonuses…Let them go under… Then there is no-one TO sue… C’mon Pres Obama, yes YOU can !!!!!!!!!!!!!!!!!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  94. I’m surprised someone hasn’t attacked the AIG building.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  95. Dawn Kinateder

    Thank you all for saying “Fuck AIG”. You have no idea how they are fucking up my life and I would LOVE it if someone attacked the AIG building.

    We are suing our realtor for not disclosing to us that our sewer system was never permitted and is not in compliance. He knew, we can prove it. So, he turns it in to his E&O insurance, which is AIG. My husband had to give up a great job, a place we wanted to be, we lost our earnest money on a house we intended to buy, I quit my jobs, yes jobS, in preparation to move (we are pretty poor), and because of our sewer situation we are stuck in a place we loathe (40 below and 9 months of winter, with a school that sucks, on and on and on. So, AIG goes and spends friggen $60K by now, and intends to spend more, to fight our claim. We’ve been in this for over a year and a half and just before trial, they get a motion granted to amend their answer to our complaint which ends up limiting the money available to settle to the point that it’s just a joke. In the meantime, our attorney, who took this on contingency because it is, or was, such a good case, has put in $60K of his time and will never recover it.

    AIG is plowing over peasants like us while we bail their asses out. I don’t even have words and I cannot possibly comprehend or deal with the injustice of this bullshit.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  96. Sushi

    Ya know what is a amazing…for the last eight years Bush & Co has racked up trillions (the day before 9/11 they announced 1-2 trillion of the defense budget was ‘unaccounted for’) an nobody gave a rats ass. This taxpayer money was used to bomb the @*#& out of people thousands of miles away because we swallowed the bullshit about WMD…
    In comparison AIG is a drop in the freaking bucket. Our boys & girls slaughtered and Iraqis slaughtered but oooohhhh whoaaah AIG gets a bailout, “No way man…no way”!!!
    Now the tax payers are mad, boo fucking hooooo. 1 in a hundred Americans is in prison or on parole…our kids don’t read, their parents watch TV 6 hours a day, half of Americans are on anti-depressants. AIG? …we’re mad about AIG getting free money? How about the Partiot Act that essentially removed the constitutional rights of every American, AIG.WTF Pleaseeeeeeeeeeeeee.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  97. balzak

    I am from South Africa, i thought these fuckers were corupt, my dear American YOUR BIG COMPANYS MAKE MUGABOON(Mugabe) look fucking stupid, That red faced fucked from AIG made me sick just turning on the TV. Fuck 3rd world countrys like you like to call us,these are plain fucken thiefs.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  98. Rod

    It’s not that bad just grab your ankles Maybee they’ll be gentle?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  99. asana

    The French have been burning down the country for 2 days now (burning anything to do with America and Capitalism). American media will not cover this. 85,000 participating in France, 250 riots in all. American’s are apethetic.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  100. asana

    To hell with pitchforks. We need torches and guillotines for these luxury addicted financial sociopaths.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  101. Rob Adcox

    I’d start by tossing Bawney Fwank into the slammer along with his gay prostitutes. I’d sling Chris Dodd into a maximum security hellhole, too, along with the execs who have been paying off these and other politicians for God Only Knows how many years.

    This nation desperately needs a taxpayers’ revolt.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  102. Rob Adcox

    Asana, we’re not all apathetic. And I really don’t give a shit if you like american citizens or not. As far as I’m concerned, you’re just another arrogant French twat (or an arrogant French twat wannabe). Go eat some snails.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  103. Sushi,

    before you go blaming all of this on the Republicans, remember that this shit has been going on since Carter. I blame your ignorance on public edu-ma-ca-shun.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  104. Rob Adcox

    Leslie,

    What are YOU bitching about? You wanrted “change” didn’t you? Well there ya go.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  105. asana

    At least the French have the moxie to actually do something besides blog about it. And I may have some snails soon, thanks.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  106. antman

    fuck aig shut ’em down let the fuckers fold

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  107. asana

    Oh and one more thing Rob Adcox- I am a vet (US). And when I think of the commitment I made to die FOR people like the ones at AIG and YOU, I want to vomit. I am embarassed to be an American now. So other coutries are looking pretty good.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  108. Mike Reaves

    whomever is calling himself Rob Adcox is an idiot

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  109. alex

    you took the words right out of my mouth-fuck AIG. I have zero respect for these people-who have no moral base. How- How-How can these people look at themselves in the mirror? And did they really think no one would find out? are they really that dumb? I wish one them lived next door to me. It angers me that every month people are struggling to make ends meet while these fuckers use our tax dollars to squander to who knows where.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  110. Frank

    I agreed G W Bush and Dick head Cheny fuck us real good. Just wait when hyperinflation
    come soon to the picture, and the derivative bubble burst. Hey we voted for Bush in the second time around so bend over and kiss your dumb ass GOOD BYE. We dug our own
    grave and who are we going to pass the shit to our great great great children. If Man
    does not go into WW Three with China. A yes They are paying our debt and one day they
    will come to the Feds counter and cash in those T-Bills that they have. What a Country.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  111. seolace

    Nice post, thanks for writing!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  112. Rob Adcox

    To my critics: eat serious shit.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  113. juicer kitchenaid

    Simply wanna remark on few general things, The website style and design is perfect, the written content is really wonderful : D.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  114. Dominga Podbielski

    Pills containing a progestin drospirenone synthetic hormone

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  115. best luck here

    I have discovered some new items from your site about computer systems. Another thing I’ve always considered is that laptop computers have become something that each house must have for most reasons. They offer convenient ways in which to organize households, pay bills, search for information, study, hear music and in many cases watch tv series. An innovative technique to complete many of these tasks is to use a notebook computer. These desktops are mobile, small, strong and mobile.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  116. holy cow

    I know this if off topic but I’m looking into starting my own weblog and was wondering what all is needed to get set up? I’m assuming having a blog like yours would cost a pretty penny? I’m not very web savvy so I’m not 100% positive. Any recommendations or advice would be greatly appreciated. Cheers

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  117. get x back now

    get her back now

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  118. shark steam

    Write more, thats all I have to say. Literally, it seems as though you
    relied on the video to make your point. You definitely know what youre
    talking about, why throw away your intelligence on just posting videos to your
    site when you could be giving us something informative to read?

    • 0
    • 0
    • 0 Deem this to be "Fake News"