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.
Especially when you have a weak looking fantasy oriented nerd living in disbelief of his good fortune. This weakling thinks Che' helps him appear tough and masculine. LOL.
How young and “hip” are the ladies that are standing around him? Looks like another old scumbag trying to hook-up with stupid young females.
My prediction for the future is soon unconnected individuals will start to follow the Viet Cong playbook. I really think liberals will start turning up tango uniform.
I weep for my country, we've had 40 years of incremental liberalization. We need to get the message to the people about what is being pushed in secret. A massive movement to put real conservatives on the ballot would be a great start. ( I had to hold my nose to vote for mclame but think Sarah has real potential ).
Keep the pressure on 0 about the B.C. it might be our only way back from the edge. We must vote out the libs in every office from the senate to the dog catcher.
I've spent time in the 3rd world. It is so easy to slip into if your leadership is serving themselves and not the voters.
I am not advocating violence against anyone just posting an observation.
The only good Red, is a dead Red.
freerepublic can’t make up its mind about this situation. there are several threads jumping on this pasciucco guy for a stupid t-shirt.
meanwhile, he had nothing to do with the downfall of aig - he was brought in to clean things up. he is one of those people those nutty protestors are probably making a house call to today.
further, the aig financial products arm is run out of wilton, ct with an office in london. it is not based in london.
obama did a good job of letting people like pasciucco and liddy hang out to dry over these bonuses while TRILLIONS are being spent by the feds on questionable programs, etc. keep your eyes on the prize, people!
1. If you don't want to dance to the government tune, don't take their money. AIG did. Four times.
2. This exposes ACORN as the extortionists and terrorists they truly are. That is the type of background the current President boasts.
3. Would either side be as revved up if instead of paying huge bonuses, the jobs of these a**holes had been or would be offshored?
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