Showing posts with label AIG. Show all posts
Showing posts with label AIG. Show all posts

Thursday, January 29, 2009

God Damn It America!

God Damn It America!

I want to be proud of this country. I really want to. But when I see things like this in my face I really can't help but just close my eyes, put my hand on my forehead and shake my head. Seriously Let's take two stories:

A homeless man robbed a Louisiana bank and took a $100 bill. After feeling remorseful, he surrendered to police the next day. The judge sentenced him to 15 years in prison.
Roy Brown, 54, robbed the Capital One bank in Shreveport, Louisiana in December 2007. He approached the teller with one of his hands under his jacket and told her that it was a robbery.

The teller handed Brown three stacks of bill but he only took a single $100 bill and returned the remaining money back to her. He said that he was homeless and hungry and left the bank.

The next day he surrendered to the police voluntarily and told them that his mother didn’t raise him that way.

Brown told the police he needed the money to stay at the detox center and had no other place to stay and was hungry.

In Caddo District Court, he pleaded guilty. The judge sentenced him to 15 years in prison for first degree robbery.
Let that soak in. Just let it soak in. Now compare it with this story...

AIG executive sentenced to 4 years in prison after "stealing" $500 million

HARTFORD, Conn. (AP) — A former executive of insurance heavyweight American International Group Inc. was sentenced to four years in prison Tuesday in a fraud case that authorities say cost shareholders more than $500 million.

Christian Milton of Wynnewood, Pa., declined to comment during a hearing in U.S. District Court in Hartford. Judge Christopher Droney also fined Milton $200,000 and ordered him to report to the federal Bureau of Prisons on March 25.

Lawyers for Milton said they are preparing an appeal.



Am I just too liberal? Am I the only one who realizes that one did far worse damage the than other but is getting a slap on the wrist? Shit. Less than a week ago someone told me they had a gun when they really didn't. I was a victim of a crime and I'm sympathetic to the homeless dude here who claimed to have a gun.

As far as I'm concerned I'm wondering how $500,000,000 fraud only nets you 4 years. Well, then again, we did just go through eight years of the Bush administration. I really should be surprised that someone who just stole $500 million even got jail time at all. Was Dick Cheney getting another fake heart when this AIG fuck went to ask for a pardon?


Click this image. I fucking dare you! Click it and see if your brain doesn't explode!

I know what you're thinking. When passing his sentence, the judge probably gave a lot of weight to the lack of violence and past record for the AIG asshole. Or the fact he hired a lawyer and the hobo had a court appointed one, if one at all.

You can make the argument that the same laws are written for rich and poor people, but you'd have to be blind to think the same laws actually apply. But hey, he said he was homeless and hungry, the nice judge was just giving him a place to sleep and eat for the next 12 years with good behavior. You know, to get him back on his feet...



As the youtube video above shows us from a Lewis Black teaches, there is levels of insanity that the filthy rich are miles ahead in the batshit crazy department than any homeless guy rambling on the street can ever hope and dream to achieve. When you factor in how fuck utterly insanely greedy you have to be to defraud others of $500 million. And then you factor in how much this one homeless guy, who had some moral obligation to go back the next day and give back the $100, Shit, if he was tried under the Federal court like Mr. AIG was, he'd be only up for, at most, one year in prison. federal bank robbery statute:
Subsection (b) outlines the penalties for anyone who takes and carries away, with the intent to steal or purloin, any property or money or any thing of value in the care, custody, control, management, or possession of any bank, credit union, or savings and loan. The maximum penalty for violation of this subsection is a fine and ten years imprisonment if the value of the property exceeds $100. The maximum penalty is a fine and one year imprisonment if the property's value is $100 or less.
There's so much proof showing that the homeless dude was clearly more sane and more deserving of my sympathy than the AIG douche bag. No matter what stigma is represented by crazed homeless dudes. Then again, there's those who are simply batshit insane like this Defendant who Smeared Feces on His Lawyer's Face and then Throws It at Jurors

Remind me make an excuse to not do jury duty next time I'm summoned.

Friday, December 12, 2008

Hitting A Brick Wall... Auto Bail Out The Windshield

Hitting A Brick Wall... Auto Bail Out The Windshield

I was told that the safest place in a car is in the passengers seat during an accident. Well, not in this crazy ride we call the economy. We just went head first into a brick wall when it looked like nothing but open road to put the pedal to the metal. Not even being in the passenger seat could help you in this case. If you didn't think we were fucked before, we are now. I recently wrote about the impending Big 3 Auto Bail out.... Well, guess what, it failed. Senate said No thanks to that idea.

I'm torn between being happy about failure of self-destructive horrible corporations but sad about the massive amounts of job loss. I have to wonder if that big Union wage didn't provide those folks enough to stash away any sort of nest egg for hard times? Like the auto companies, they can't say they didn't see this coming. The writing was on the wall since 2002. Only anyone responsible for our current troubles was too busy getting rich to care.

The problem here is that folks are willing to break eggs for omelets. Only the omelet wasn't guaranteed, and there was a way to make an omelet with a little egg substitute. No need to be printing money for the sake of giving it away.

Senator, the only way the US can stay a first world country is if everyone buys fuel-inefficient SUVs with multiple DVD players. Money pleze.
-Auto Industry CEOs
While I'm sure that doesn't make a great argument as to why they should get a bail out, I'm still confused why this one got shot down when the banking industry bail out went through with flying colors. I'm trying to understand the logic behind the Senate here but all i can come up with is JEWS. You give AIG ten times the amount of money as the big three would have to make good on their failed structured deals

When it's all said and done, why is this bad? Shitty companies that made shitty decisions are failing. Isn't this what the fabled 'free market' is all about? Laissez Fair all the way, baby!



The only thing folks can come up with is that the big 3 can't be allowed to fail because they will have a death spiral effect on the economy. The government should have had regulations in place to stop the big 3 from having so much influence on the country's economy. But they didn't. The companies should have been more farsighted and they weren't and because of it they're going to bring down a large chunk of the economy during the worse possible time for a major employer to go bankrupt.

So what happens now? There's a couple things that could happen now. Bush could let them use TARP money on this simply because he doesn't give a fuck about the GOP and he might as well not try to get 3 million people laid off. In this situation Bush would be acting like Darth Vader tossing the evil emperor down the deathstar 2's shaft. Then again, the deathstar still blew the fuck up in the end.

Or this was all a calculated move by the big three to bust up the UAW. You don't think that the flying in 3 separate private jets to beg for money wasn't calculated? They had to have balls the size of melons to think anything otherwise. So they file for chapter 11 and then in the restructuring they get a lower rate for workers busting up the Union high prices. I suppose it's clear to see that republicans realized that if the Big 3 undergo a restructured Chap. 11, they would be released from all the entitlements owed to UAW, effectively destroying the biggest union in the country.

Option three is simply to pour yourself some scotch and say "fuck it" while you let everything burn

Then there's hope;
GAS PRICES GOING DOWN FOR THE 70TH DAY IN A ROW!.

Perhaps this is what the auto industry needs. For too long people were afraid of driving those big SUVs because they sucked up gas like a Thai whore sucks up your travelers checks. So with gas prices going down many will reconsider those piece of shit cars that the big three have been trying to push on us. Why you would need the horse power to pull a full house with ease? I have no idea, but as long as that their thing gots itself a hemi, you know they'll be buying it. Remember, this is are country...


this means we'll never see an F750. when the world ends and survivors rebuild, they will know that we only made it to 650. they will know...

On the flip side they couldn't afford those big cars if they even wanted them anyway with the economy being as shitty as it is. Don't mistake me, the economy is in a bad position. I'm half expecting Northeast Ohio will have its own roving band of Somali pirates; only, they're all gonna look like Bruce Springsteen. It's been nice knowing you all, hopefully I will meet some of you again foraging for food in the wasteland of tomorrow.

One year from now i'll be eating ketchup packets to calm the hunger-migraines down while trying to tie a rabbit snare in the city park. How many cans of chef boyardee do you guys think I can get for one opossum hyde in the new economy? I realize you just pay extra for that label, but there's something in treating yourself by not going for the Kroger brand.

While on the subject, does anyone know how the fuck do you tie a bindle? The handkerchief is so tiny. I can't fit anything in there along with my can of beans. You always have to be aware of your bean situation.

I'll leave you with this final thought on that matter. I really can't believe those Senators objection to the bailout was that worker benefits were too high.