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(2005) Court Papers Detail Bonuses at AIG (from Panama offshore money-launder haven)
NY TIMES ^ | May 19, 2005 | LYNNLEY BROWNING

Posted on 09/23/2008 5:33:47 AM PDT by Liz

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The offshore company that had been paying big bonuses to top AIG executives is run by AIG's recently ousted chairman and chief executive, Maurice R. Greenberg, and by a handful of other senior former AIG executives, all hand-picked by him. Mr. Greenberg is president and CEO of Starr International, and owns about 8.3% of the private company.

Before he was ousted, Greenberg pulled another shady financial deal---putting some (or all) of his assets into his wife's name so he could keep his hands on it.

Fast-forward to today---Greenburg's going around posing as AIG's crucified savior who "could have" saved the company from govt takeover (sniffle).

1 posted on 09/23/2008 5:33:48 AM PDT by Liz
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To: GOPJ

ping (as requested)


2 posted on 09/23/2008 5:36:58 AM PDT by Liz (Taxpayer: one who works for the govt but doesn't have to take a civil service test. R. Reagan.)
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To: Grampa Dave; SierraWasp

The list of 15 countries “encouraging money laundering” published by a special investigative committee originally set up by the G-7 was leaked to the French daily Le Monde which published it circa 2000.

The “black list” includes Lebanon, Liechtenstein, Israel, Russia, Panama, the Bahamas, the Cayman Islands, the Cook Islands, Dominica, the Marshall Islands, Nauru, Niue, Panama, the Philippines, St. Kitts and the Grenadines.

The exclusive list was chosen with diligence from a “gray list” which included 31 suspect states, among them Cyprus, Gibraltar, Monaco, and Antigua. Some of the countries or territories identified for their “harmful” tax regimes are already cooperating.

In June, six territories and countries pledged to eliminate “harmful” tax practices by the end of 2005. They are Bermuda, the Cayman Islands, Cyprus, Malta, Mauritius, and San Marino.

The difference between the two lists is that the “gray” one includes countries whose banking laws are tougher than those of countries on the “black list.”


3 posted on 09/23/2008 5:40:50 AM PDT by Liz (Taxpayer: one who works for the govt but doesn't have to take a civil service test. R. Reagan.)
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To: Liz

Former Clinton Defense Secretary William Cohen sits on the Board of Directors at AIG

CNN often has him commenting on the financial meltdown at AIG without mentioning that Cohen is on the board of directors.


4 posted on 09/23/2008 5:41:16 AM PDT by Carley (she's all out of caribou.............)
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To: Carley

The entire Wall Street/Mortgage/ debacle cries out for a major criminal investigation.


5 posted on 09/23/2008 5:59:17 AM PDT by jersey117
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To: jersey117

Congress enabled this disaster. Banks threatened for red-lining at the root of the problem. Mix in greed, and outright corruption.


6 posted on 09/23/2008 6:01:56 AM PDT by Carley (she's all out of caribou.............)
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Comment #7 Removed by Moderator

To: Carley

I’d like to know why Dodd isn’t being investigated.


8 posted on 09/23/2008 6:18:42 AM PDT by jersey117
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To: Liz

Just a note, the Philippines has a tax treaty with the USA, and many American gov’t officials slander the Philippines because they don’t like the provisions of that treaty.


9 posted on 09/23/2008 6:53:39 AM PDT by ikka
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To: Liz
Fast-forward to today---Greenburg's going around posing as AIG's crucified savior who "could have" saved the company from govt takeover (sniffle).

In their zeal to hate Spitzer, some are thoughtlessly turning his former targets, like Greenberg, in to heroes. Each person and each case should be taken on their or its own merits.

10 posted on 09/23/2008 6:54:04 AM PDT by decimon
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To: Carley
Congress threatened banks for red-lining----the root of the problem.

The political correctness atrocity at work.

It's not beyond reason to conclude that the mortgage/market debacle is the consequences of (1) moral relativity----and (2) disestablimentarianism (the deranged obsession with tearing down the foundation of Western Civilization).

Anything remotely connected to moral absolutes of right and wrong smacks of "religion" to disturbed religion-hating liberals.....and has to be destroyed.

Political correctness is the sword that slew the religious dragon. It would have been too "judgemental" to tell people they could not afford to buy a house beyond their means.

Many of the laws requiring government oversight of the market written after the last great market crash-----in 1929---- were eliminated during the Clinton administration---one of many ignorant moves by the self-absorbed liberal Clintons.

11 posted on 09/23/2008 7:17:01 AM PDT by Liz (Taxpayer: one who works for the govt but doesn't have to take a civil service test. R. Reagan.)
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To: jersey117
I’d like to know why Dodd isn’t being investigated.

Do you really have to ask why DoDD isn't being investigateD?

12 posted on 09/23/2008 9:52:27 AM PDT by Free State Four
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To: decimon; Liz; Grampa Dave; calcowgirl; NormsRevenge; tubebender; Dog Gone; BOBTHENAILER

I would be willing to bet good money that the majority are far more heroic than fiendish Democrat shake-down artist Eliot Spithead!!!


13 posted on 09/23/2008 10:03:18 AM PDT by SierraWasp (Obama... Just another lying Commonist Communutty Organizing thug from the south side of Chicago!!!)
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To: Liz

Should the government loan AIG funds to help it stave off bankruptcy?
Yes
40%
No
60%
Total Votes: 162

VOTE: http://www.insurancejournal.com/polls/index.php?pid=92


14 posted on 09/23/2008 10:28:35 AM PDT by KeyLargo
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To: decimon

“In their zeal to hate Spitzer, some are thoughtlessly turning his former targets, like Greenberg, in to heroes. Each person and each case should be taken on their or its own merits.”

Michael Savage agrees.

http://michaelsavage.wnd.com/?pageId=1763

Savage’s Solution for
the Wall Street Crisis

Cut off all medical, educational, legal and housing benefits to illegal aliens immediately. Deport all illegal immigrants now in jail.

Arrest, indict and try the CEOs and CFOs of Wall Street firms suspected of financial misdeeds.

Seize the assets of CEOs and CFOs when their chicanery is proven. Turn their ill-gotten gains over to the American people.

Fire Chris Cox, the head of the Securities and Exchange Commission, for his criminal negligence in allowing Wall Street to rape the American economy.

Replace him with Eliot Spitzer, who, before he was taken down by the money changers, was the only one going after the criminals on Wall Street.

Stop the Federal Reserve from bailing out multi-billion dollar companies at the taxpayers’ expense.

Fire Ben Bernanke and let him get a job at NYU Film School.

Fire Hank Paulson and let him get a job as a celebrity chef.


15 posted on 09/23/2008 10:33:21 AM PDT by KeyLargo
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To: KeyLargo
Michael Savage agrees.

That's good but he shouldn't expect reciprocity.

Arrest, indict and try the CEOs and CFOs of Wall Street firms suspected of financial misdeeds.

I can't support arresting people on suspicion but...if there are misdeeds (illegal activities) then they are like any other thieves and should be treated so.

Replace him with Eliot Spitzer...

No &$^@#^& way!

16 posted on 09/23/2008 10:48:26 AM PDT by decimon
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To: KeyLargo; Tennessee Nana; AuntB; raybbr
Michael Savage’s Solution for the Wall Street Crisis:

Cut off all medical, educational, legal and housing benefits to illegal aliens immediately. Deport all illegal immigrants now in jail.

Could not agree more---many of the owners of foreclosed houses were latino squatters.

The mortgage meltdown was precipitated by the illegal influx driving up the demand for housing (which is also fueling the uptick in the cost of food, energy, etc).

The situation was complicated by the fact that they were unable to read a mortgage contract and too stupid to understand what they were getting into.

17 posted on 09/23/2008 10:54:31 AM PDT by Liz (Taxpayer: one who works for the govt but doesn't have to take a civil service test. R. Reagan.)
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To: Carley

Outrageous.


18 posted on 09/23/2008 10:55:40 AM PDT by Liz (Taxpayer: one who works for the govt but doesn't have to take a civil service test. R. Reagan.)
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To: Liz

It’s all about this:

GREEDY PEOPLE

http://www.freerepublic.com/focus/f-bloggers/2088623/posts


19 posted on 09/23/2008 11:00:07 AM PDT by AuntB ( "During times of universal deceit, telling the truth becomes a revolutionary act." - George Orwell)
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To: Liz
This is my favor....the AIG aholes have now managed to find 18 billion dollars in real estate they can sell.... AIG's $16 Billion in Real Estate May Be Cash Source

The AIG execs just happened to find these in some closet or old file cabinet in a storage unit...oh well.
20 posted on 09/23/2008 3:15:40 PM PDT by Fred (The Democrat Party is the Nadir of Nihilism)
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