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To: Libloather
In another tact, House Financial Services Committee Chairman Barney Frank, D-Mass., said the government should simply assert its right as majority shareholder to take such measures as replacing AIG executives.

Okay. I can agree to that!

The US Government owns 80%.

I therefore demand the immediate resignation of the entire "Board of Directors" (Senate & House Finacial Services Commitees [or equivalant]) as well as the Chief Executive Officer (the President) and his deputies (the Chairman of the Federal Reserve and the Secretary of the Treasury) for failure to exert due dilligence in the oversight of AIG. Failure to resign within 3 days will result in firing and presecution under privisions of Sarbannes / Oxley, RICO, and other pertinent Chapters of the US Code.

Oh well, I can dream right?

Was? Träumen verboten?

Verdammt.

21 posted on 03/17/2009 6:20:09 AM PDT by An.American.Expatriate (Here's my strategy on the War against Terrorism: We win, they lose. - with apologies to R.R.)
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To: An.American.Expatriate
I therefore demand the immediate resignation of the entire "Board of Directors" (Senate & House Finacial Services Commitees [or equivalant]) as well as the Chief Executive Officer (the President) and his deputies (the Chairman of the Federal Reserve and the Secretary of the Treasury) for failure to exert due dilligence in the oversight of AIG.

Majority ownership is NOT the same thing as being on the board of directors or any officer of the company. The majority owners are NOT the executives of a company in most cases, and certainly not in this case. If every "executive" for AIG that you described were to be forced to resign -- which the stockholders could certainly force by a majority vote -- not a single member of any congressional committee would be affected.

37 posted on 03/17/2009 10:33:27 AM PDT by VRWCmember
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