patrick.net

It's really, really fun to watch the lefties in here siding with the HUGE, MEGA CORPORATION AIG!

According to the left, their new found love for corporations tells them that AIG gave hundreds of thousands in campaign contributions out of the pure, decent, goodness of their red, white and blue pumping hearts! It is obvious the poison in Obama’s KoolAid has killed off the few brain cells left in their mush heads. LOL !!!

I'm confused, rayray. Is this post about the lack of pursuit of a criminal investigation due to no laws being broken, or is it about your anger that AIG contributes money to multiple political campaigns? Do you really believe that posting the amounts that have been contributed somehow matters to a criminal investigation?

tatupu70 says

RayAmerica says

You honestly believe that AIG committed no crimes? I thought in your little world just the fact that there are corporations makes it a crime. LOL !

OK Ray–what crime did they commit? Please enlighten us.

We're still waiting for points of law that have been violated. Like all other posts, this thread is ridiculous.

Ray, I still haven't seen you say what AIG did that was illegal. Pointing that out is not taking AIGs "side". It's just pointing out how absurd this post is.

RayAmerica says

Hope & Change = Get BIG contributions from AIG = Justice Department DROPS investigation.
Just a coincidence I’m sure.
RayAmerica says
1. Sen. Chris Dodd, D-Conn., $103,100
2. Sen. Barack Obama, D-Ill., $101,332
3. Sen. John McCain, R-Ariz., $59,499
4. Sen. Hillary Clinton, D-N.Y., $35,965
5. Sen. Max Baucus, D-Mont., $24,750
6. Former Gov. Mitt Romney, (R) Pres $20,850
7. Sen. Joe Biden, D-Del., $19,975
8. Rep. John Larson, D-Conn, $19,750
9. Sen. John Sununu, R-N.H., $18,500
10. Former Mayor Rudolph Giuliani (R) Pres $13,200
11. Rep. Paul Kanjorski, D-Pa., $12,000
12. Sen. Dick Durbin, D-Ill., $11,000
—-Information from: ABC News

I'm on board--let's get real campaign finance reform! Glad to see that you agree Ray.

RayAmerica says

It’s really, really fun to watch the lefties in here siding with the HUGE, MEGA CORPORATION AIG!

It's really fun to watch Ray avoid any direct questions and deflect attention elsewhere. It's not working, but still....

...all those poor little children...

rayray remains strangely silent when questioned as to what his posts have to do with the content he posts. Yet another issue he continues to dodge on this, and many other, threads.

Giving him the benefit of the doubt, maybe it's nap time. Or he was forced to leave his cell while the inmates are out on the yard.

tatupu70 says

I’m on board–let’s get real campaign finance reform! Glad to see that you agree Ray.

I couldn't agree more.

RayAmerica says

More bitter, unhappy, venomous hate from tatupu70 says

I’m on board–let’s get real campaign finance reform! Glad to see that you agree Ray.

I couldn’t agree more.

So, someone agreeing with you is bitter, unhappy, venomous hate? Couldn't agree more. Shall we take a poll and see who else believes this?

But thanks for playing, rayray!

That was meant for you ellie "I never, ever insult anyone" mae. I mistakenly typed it in an answer to tatupu. You're the only one in here that qualifies for the statement "more bitter, unhappy, venomous hate." Thanks for playing. LOL

RayAmerica says

That was meant for you ellie “I never, ever insult anyone” mae. I mistakenly typed it in an answer to tatupu. You’re the only one in here that qualifies for the statement “more bitter, unhappy, venomous hate.” Thanks for playing. LOL

You're welcome. Playing has been lots of fun today. Were you playing with yourself all afternoon?

Don't worry, I am not going to bring up that funny little thing that you and Heinrich Himmler have in common. That is between us and definately won't go any further, I promise. Thanks for playing!

RayAmerica says

Don’t worry, I am not going to bring up that funny little thing that you and Heinrich Himmler have in common. That is between us and definately won’t go any further, I promise. Thanks for playing!

You might wish to try that move again, it didn't work and was a pathetic attempt at the game. The game is Global Thermonuclear War.

From torturing human beings for weeks to Global Thermonuclear War. This is really scary stuff. Am I ever glad I don't live anywhere near Utah.

Finally …. FINALLY we have a President that is for “main street and not Wall Street” … right? WRONG. The “Agent for Change” is proving once again he’s just “More of the Same.” The blatant crooks at AIG amazingly did nothing wrong or illegal. Proof once again, if you are going to be a crook, make sure your collar is white. Also, it really, really pays to have friends in high places.

Another example of lefties in Congress making accusations they couldnt prove. Yes they are Lawyers and not the Accountants. So now they dropped the charges because the Accountants they hired couldnt find any dirt. We seen this time and time again.

thomas .... Congress couldn't "prove" anything, IMO, because the AIG corruption would expose BOTH parties. This is the way D.C. operates. Politicians are very reluctant to see any real investigations because it may lead to themselves being exposed, either in the current scandal, or in some future one that they will be a part of. The whole system is so incredibly corrupt, and so many are guilty of so many crimes, these probes almost never get off the ground. It reminds me of a pack of wolves being a little reluctant to hold a trial on a member of the pack that stole a chicken from the farmer.

Now we're being told, after months of stonewalling, that Bill Clinton offered Joe Sestak a "NON PAYING" position should he drop out of the primary against Specter. This is so comical it defies description. Furthermore, if you read the Federal statute, it doesn't even matter if there was compensation or not. The mere act of attempting to pressure someone to drop out of a race is a felony!

Nomograph says

Folks like RayRay spend the last thirty years dismantling financial regulation. It was free markets they wanted, and it’s free markets they got.

I never would have thought Bill Clinton was like RayRay. Only one problem: RayRay would have never, ever done away with Glass-Steagall like President Bubba did.

So, rayray, as you lurk here waiting for someone to post something that supports your position as a victim, can you come up with any actual laws that were broken?

'Cause we've been waiting - it's your thread. Come on, tell us in the real world - not rayray world - what the problem is.

Nomograph says

The Wall St. executives and your conservative Messiahs are laughing at you all the way to the bank, RayRay.

Are you re-writing history? You mean to tell me President Bubba did not sign its repeal?

Nomo ....

Check it out. LOL

http://thestrangedeathofliberalamerica.com/bill-clinton-glass-steagall-and-the-current-financial-and-mortgage-crisis-part-two-of-an-indepth-investigative-report.html

Nomo ....

More reading for you holiday weekend:

http://my.opera.com/richardinbellingham/blog/show.dml/1796860

Nomo ....

I hear you screaming: "Please stop! Nomo more!!"

http://search.aol.com/aol/search?q=glass+stegal+bill+clinton&s_it=wscreen-smallbusiness-n&invocationType=wscreen-smallbusiness-n&page=2&oreq=d6fd1e0c797b44c2acb0e35b8ca37f7d

Nomo .... Why is it you can't admit that Clinton signed the bill that repealed Glass/Steagall?

RayAmerica says

Nomo …. Why is it you can’t admit that Clinton signed the bill that repealed Glass/Steagall?

Who cares. The republicans wrote it, clinton signed it and it has absolutely nothing to do with the post about aig not being prosecuted. Aig is an insurance company, glass steagall covered banks for christ sakes. get a grip.

Trolls have to try to be right, even if it has nothing to do with the subject. The wee child has to blame someone for all that he perceives to be wrong in the world. Reality doesn't exist in his paradigm.

Bob .... In case you don't know it, the repeal of Glass/Steagall was the main force behind what Nomo claims is the "dismantling" of financial regulations. He brought up this point, not me. He's the one that made the claim this was purely a GOPer bill, but neglected to state that it was Bill Clinton that signed it into law.

RayAmerica says

Bob …. In case you don’t know it, the repeal of Glass/Steagall was the main force behind what Nomo claims is the “dismantling” of financial regulations. He brought up this point, not me. He’s the one that made the claim this was purely a GOPer bill, but neglected to state that it was Bill Clinton that signed it into law.

OK--now that you've cleared that up Ray, please tell us what crime you think AIG committed.

I was reading comments on an article at the Sun Newspaper in Vegas. Someone wrote in a rayray like comment and this was the response:

Tom Gorman, reporter, says

I try to resist reacting to trolls and being baited into inane arguments.

Since reason and intellect don't work on him, perhaps that comment will. I intend to use it as an answer to everything rayray says, unless he has something relevent to bring to the table.

ellie "I never, ever insult anyone" mae seems to be totally obsessed with "rayray." If only she was somebody, I'd really be flattered.

I try to resist reacting to trolls and being baited into inane arguments. (Too many threads get hijacked by trolls, which frustrates readers who would like to have a reasonable discussion about the issue at hand.)

RayAmerica says

Bob …. In case you don’t know it, the repeal of Glass/Steagall was the main force behind what Nomo claims is the “dismantling” of financial regulations. He brought up this point, not me. He’s the one that made the claim this was purely a GOPer bill, but neglected to state that it was Bill Clinton that signed it into law.

Learn to read. I brought up dismantling financial regulations. Not just GS but many many others also, mostly with phil gramm's fingerprints on them and mostly after Bush took office. My exact quote was it was pushed through by the republicans. Period. I assumed anyone with a pulse would have known who signed what since there can only be one president at a time. With stronger regulations, or even with regulations that was enforced (question to the SEC, do you know who bernie madoff is yet?) CDO's and CDS's might have been recognized as toxic much earlier and at least been forced into an open trading exchange so they could have been fairly valued. Maybe, maybe not but it would have been worth a shot.

Again, so what? What does this have to do with whatever crime you allege AIG committed, how obama abetted it, or the price of tea in china? There were no applicable financial regulations (or even dismantled financial regulations for that matter) covering the AIG CDS problem. Even AIG didn't really have a clue what the financial services unit was doing, never mind the regulators. They made a huge gamble and lost plain and simple. Stupid (actually very very smart for the financial services unit people who made insane amounts of money) but not illegal.

Show me the crime Jerry McGuire.

bob2356 says

Again, so what? What does this have to do with whatever crime you allege AIG committed,

Incredible. The repeal of Glass-Steagall has EVERYTHING to do with the mortgage meltdown, AIG's involvement, Wall Street's connection to it, etc. Without the repeal of Glass-Steagall, the interaction between banks, insurance companies (AIG is the world's largest) and Wall Street, almost none of this would have been legal. Goldman Sachs bought subprime mortgages that were at best “BBB” and repackaged them into “AAA” and sold them on the secondary market. All of that was illegal, but without the repeal of G-S, Goldman Sachs would have never been in that business in the first place. A huge reason for our financial mess (including derivatives) is due to the repeal of G-S, so your statement that G-S has nothing to do with AIG is completely without merit.

Nomo .... Nice job taking everything out of context. The Nazis loved the big lie too. Interesting that you and ellie "I never, ever insult anyone" mae utilize the same lying tactics. By the way, do you favor "torturing" convicted criminals for "weeks" before they are finally executed? Ellie "I love torture" mae does. Being that the two of you are so much alike, maybe I'm presuming to much? But then again, maybe not.

RayAmerica says

It’s nice to see that you are beginning to trust mega corporations. What a pilgrimage it’s been for you. To think that you used to advocate the total destruction of those evil corporations and now you’re defending them. That’s “change” we can all believe in. Could it be, by any chance, that your “change” in attitude is because it’s the Obama Justice Department that dropped the investigation? Would you have the same attitude had it been the Bush Justice Department that gave AIG the thumbs up? There I go being a skeptic again. I just can’t seem to help myself.

interesting--did I miss the crime that AIG committed?

tatupu70 says

interesting–did I miss the crime that AIG committed?

Unfortunately we'll probably never know. Did you hear? The Obama Justice Department ended the INVESTIGATION. Investigations are designed to dig for information. Obama took their shovels away. By the way, whatever happened to "Shovel Ready?" LOL

RayAmerica says

tatupu70 says

interesting–did I miss the crime that AIG committed?

Unfortunately we’ll probably never know. Did you hear? The Obama Justice Department ended the INVESTIGATION. Investigations are designed to dig for information. Obama took their shovels away. By the way, whatever happened to “Shovel Ready?” LOL

Maybe you didn't read the article. They investigated for 2 years.

Although a 2-year, intense investigation is tough for anyone, the results are wholly appropriate in light of our client's factual innocence," F. Joseph Warin and Jim Walden, Cassano's lawyers, said in a statement.

Perhaps they just found that there weren't any prosecutable crimes?

tatupu70 says

Perhaps they just found that there weren’t any prosecutable crimes?

Very well could be, unfortunately, when it comes to politics (i.e. BOTH parties) I'm a born skeptic. Knowing the huge amount of cash these mega corporations give the powerful and up and coming politicians, I become suspicious. Years ago, I worked for politicians and know too much firsthand how the system operates.

RayAmerica says

bob2356 says

Again, so what? What does this have to do with whatever crime you allege AIG committed,

Incredible. The repeal of Glass-Steagall has EVERYTHING to do with the mortgage meltdown, AIG’s involvement, Wall Street’s connection to it, etc. Without the repeal of Glass-Steagall, the interaction between banks, insurance companies (AIG is the world’s largest) and Wall Street, almost none of this would have been legal. Goldman Sachs bought subprime mortgages that were at best “BBB” and repackaged them into “AAA” and sold them on the secondary market. All of that was illegal, but without the repeal of G-S, Goldman Sachs would have never been in that business in the first place. A huge reason for our financial mess (including derivatives) is due to the repeal of G-S, so your statement that G-S has nothing to do with AIG is completely without merit.

What is your first language? No where has anyone said that the repeal of G-S didn't bring about the current financial crises. "almost none of 'this' would be legal". What does that mean? It all would have been perfectly legal under G-S, just commercial banks wouldn't have been able to get involved.

Without the repeal of G-S commercial banks would not have been able to enter the the securities markets. That's all. The entire point of G-S was to prevent commercial deposit institutions from entering into the riskier securities market with depositors money. The investment banks which did not use depositors funds always dealt in the securities market, that's what they do. Goldman Sachs was always in the business of CDO's since they were invented (by JP Morgan). Investment banks, insurance companies, even corporations were always free to write CDS's. It's not a regulated market. CDS's are what brought down AIG.

If your point (you never seem to make a point that's clear to me) is that the repeal of G-S allowed commercial banks to get into the CDO market and increase the size that market allowing AIG financial services the opportunity to write more CDS's than they might been able to based on the level of CDO activity by investment banking sector pre repeal of G-S then I will grant that is possible. It's a pretty long convoluted stretch of reasoning however. It's also possible that AIG financial services could have written enough CDS's to bring down AIG without the repeal of G-S. AIG was writing CDS's before G-S was repealed. How many would they ultimately written without G-S being repealed. No one knows.