Comments on: The question Geithner can’t escape: Why pay off AIG’s partners? http://minnesotaindependent.com/54320/the-question-geithner-can%e2%80%99t-escape-why-pay-off-aig%e2%80%99s-partners News. Politics. Media. Wed, 30 Nov 2011 23:48:28 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Eric Ferguson http://minnesotaindependent.com/54320/the-question-geithner-can%e2%80%99t-escape-why-pay-off-aig%e2%80%99s-partners/comment-page-1#comment-47365 Eric Ferguson Fri, 22 Jan 2010 21:27:40 +0000 http://minnesotaindependent.com/?p=54320#comment-47365 Creditors to the auto industry had to accept the consequences of the risk they took, which meant getting just partial payment. Chrysler and GM management got tossed out, and the public got a large ownership stake for its money. Yet even though this was a model of how bailouts should be done, somehow AIG's counterparties have to be paid off? And with many times the money committed compared to the auto industry. What the taxpayers spent or risked on the whole auto industry, Goldman Sachs considers just one year's executive bonuses. GM and Ford sold off business lines. Why can't financial corporations be broken up the same way? Break them back into the companies they acquired to get so big, or make separate product lines completely separate companies. Other than being bigger and with more lobbyists to fight, it seems like the same problem.. Creditors to the auto industry had to accept the consequences of the risk they took, which meant getting just partial payment. Chrysler and GM management got tossed out, and the public got a large ownership stake for its money. Yet even though this was a model of how bailouts should be done, somehow AIG’s counterparties have to be paid off? And with many times the money committed compared to the auto industry. What the taxpayers spent or risked on the whole auto industry, Goldman Sachs considers just one year’s executive bonuses.

GM and Ford sold off business lines. Why can’t financial corporations be broken up the same way? Break them back into the companies they acquired to get so big, or make separate product lines completely separate companies. Other than being bigger and with more lobbyists to fight, it seems like the same problem..

]]> By: T-Paw Is A Jerk http://minnesotaindependent.com/54320/the-question-geithner-can%e2%80%99t-escape-why-pay-off-aig%e2%80%99s-partners/comment-page-1#comment-47347 T-Paw Is A Jerk Fri, 22 Jan 2010 17:20:49 +0000 http://minnesotaindependent.com/?p=54320#comment-47347 Treasury Secretary Timothy Geithner is a hack for the Republi-thug Party. He always has been and always will be. Dump him and get someone in there who can implement strong policies on limiting executive compensation, allowing organizing of unions in all companies in this country, increasing taxes on the rich and making them pay for what they have done to our economy and the environment, and getting rid of tax loop holes for companies - make them pay their fair share! Treasury Secretary Timothy Geithner is a hack for the Republi-thug Party. He always has been and always will be.

Dump him and get someone in there who can implement strong policies on limiting executive compensation, allowing organizing of unions in all companies in this country, increasing taxes on the rich and making them pay for what they have done to our economy and the environment, and getting rid of tax loop holes for companies – make them pay their fair share!

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