Posted on 03/17/2009 12:24:37 PM PDT by Free ThinkerNY
I was reading this very dispiriting article in the Times about how folks in the administration have known about the AIG bonuses for months, how the folks at AIG are now saying they'd never have done any of it without the go-ahead from the Treasury and -- best of all -- how the plan to gerry-pasciucco-blog.jpgget AIG to pay the bonus money back appears to involve giving AIG still more taxpayer money which they can then hand back to us as 'repayment', while the new bonused execs (bonees?) get to keep the money anyway.
But all was not lost. Because I found out a little more about AIG Financial Products, my new obsession.
We've already told you about Joseph Cassano, former head of AIGFP, the guy who ran the operation as they were busy making tons of money blowing up AIG and the global economy.
Inter alia, the Times article reports the division is now run by Gerry Pasciucco, a former vice chairman of Morgan Stanley. On the left, you can see a recent photograph of Mr. Pasciucco from a party in Belle Haven, sporting a Che Guevara t-shirt, blue blazer and handkerchief, with some sort of sporting drink I'm unable to identify (possibly a mojito?).
Given how AIGFP helped bring global capitalism to its knees, the choice of t-shirt might suggest a role for internal subversion few have yet considered. But it is important to note that AIG CEO Edward Liddy brought Pascuicco in last November, after the collapse, "with instructions to wind down the unit." So it seems that Pascuicco's role has been to sort through the rubble rather than build the bomb.
But I digress. There's an issue I've been meaning to raise with AIGFP that may be relevant to various of the questions we've been discussing today. First, it's located in London. What that means for what law governs the different questions about the bonuses? I'm not sure. Second, as the Times notes, this is a derivatives trading shop located in London. How many of the people working there are US citizens? Not that there's anything wrong with that. It's a global economy. It's a company (a division of AIG) operating in the UK. But I suspect it may play some role in the resistance to identifying who the bonees are.
He looks like the hole of an arse, doesn’t he.
What a Puke!
HEY! That’s hardly fair to the arseholes,now!!!
More like a steaming pile of what is expelled from same...
Liberals are really “into” murderers, terrorists, dictators and fascism these days. It’s “torture” by heavy metal that liberals will not tolerate.
When will people wake up and realize we are under a Communist coup? Russia knows it. former KGB have stated it, enough with the Socialism crap. zer0 isn’t a Socialist, he is a full blooded Communist.
Cocktail hour opener: “Oh, I see you endorse capital punishment!?” - - - Well Che managed Castro’s execution squads!
Very interesting . . .
The Left screams bloody murder about “torture” at Gitmo, but admire mass murderers and torturers like Mao, Castro and Che.
Thank you! I was going to post this earlier today but didn’t have time.
What an egregious ass!
Some folks are accident prone.
What kind of an unprofessional Richard Cranium goes to a social event dressed like that?
perhaps grassley was right.
He looks like an idiot, doesn’t he?
I would love citations, if you have them.
My brother lives in Hong Kong, and brought me a commie chinese hat, with a red star. I've worn it around liberals to goof on them, because they know my politics.
Or maybe he's a marxist douchebag, I don't know.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.