Monday, March 30, 2009
Blogging from inside AIG
All taxpayers ought to read this blog post from the inside of AIG, even if it does not change any minds. The last two lines are the best of the lot.
9 Comments:
By 
D.E. Cloutier, at
Mon Mar 30, 08:04:00 PM:
From ABC News today:
Headline:
"The Executive Who Brought Down AIG"
Subhead:
"Joseph Cassano Made More Than $300 Million at the Insurance Firm He Virtually Bankrupted"
Story link:
http://abcnews.go.com/Blotter/story?id=7210007&page=1
By Christopher Chambers, at
Mon Mar 30, 08:13:00 PM:
You should leave this one alone hahaha. Lost cause.
Instead, blog on loons like Michelle Bachman, or how according to new Sec. Service leak Barack's been subject to more "serious death threats" in 67 days than W. has in 8 years. One might be related to the other. LOL Maybe the Patriot Act could apply to Bachman? let's open her mail, get her phone records...
By Dawnfire82, at
Mon Mar 30, 08:26:00 PM:
Until a foreign national throws a grenade at him, I'm not impressed.
By 
, at
Tue Mar 31, 12:35:00 AM:
I don't see him changing jobs.....
Oops...where's that old saw about "we have to be paid highly because we'll get a job elsewhere...."
A circular straw-man it turns out.
Go find a job elsewhere. Oh, you can't? Not at that salary? Hmmmm. But TH says the pay has to be high to keep talent....
By Escort81, at
Tue Mar 31, 01:17:00 AM:
I understand the guy's attitude. Anyone who has ever dealt with the scut of a work-out can relate. He sounds like he is an ops guy and not a trader.
But, it is hard to understand a number of his statements:
1)"The entire machine worked on cashflows" - er, it didn't work, after all, because somebody did not have good cashflow estimates on the underlyings, otherwise there would not have been an implosion
2)"derisking almost a trillion dollars worth of risk that the American taxpayer doesn't have to pay for" - and shouldn't have been on the hook for in the first place
3) "Whatever moron that started flogging people already on a death march, obviously does not care about the 1.6 trillion dollars in contracts still on the books, which can still blow up, making the world that much poorer." You are making President Obama's statement about a suicide bomber sound apt. Also, adding 1+1.6=2.6 T -- I don't care how big AIG's balance sheet used to be, that is a HUGE notional amount to have on the trade books of one financial business segment.
By , at
Tue Mar 31, 01:27:00 AM:
I feel SO bad for the dear boy. $30,000.00 for the child's school (another $10,000.00 for the nearby digs,) and he really, MUST go there. No other school will do, you see.
I'm going to print this heartrending tome out, and take it down to the girls at the quickshop, tomorrow. I'm sure they'll be absolutely devastated for the poor chap.
Maybe we can get up a collection or something. You know, like they do when the local child needs an operation, or something. That would be appropriate don't you think? Don't You?
By , at
Tue Mar 31, 09:29:00 AM:
Before you beclown yourself completely you might try to figure out if the child is a special needs child, for whom a school change can be devastatingly difficult. Of course, unsurprisingly, you might ignore my advice and just choose to go ahead and prove yourself an ass.
By , at
Tue Mar 31, 08:35:00 PM:
Anonymous at 9:29 this morning:
Please explain why that is MY problem and that I must pay for it.
By Realtor from Vancouver, at
Wed Apr 01, 03:19:00 AM:
AIG is soooo yesterday :)
Now seriously - I still wonder if the blog is real, i.e. if it came from an insider. If yes, why was the blog taken down then when it was discovered? If he didn't want others to read it, why bother then at all?
Take care,
Jay
