(V): you may want to double check this info...in order to sell insurance in the state of NY...an insurance company must have its home office in the state of New York.
I dont think this law stops them from selling outside of NY.

Artful Dodger: our country and many others are run by the likes of soros. when they finally succede in taking away our guns...we'll be no better off than most 3rd world countries.

(V): your post....like many others you post....makes absolutly no sense to me,and I'd have to be an idiot to try and make you understand anything.

I watched beck the other nite as he was pointing out the acorn plot.
interestingly one of acorns top people was appointed by yomama under direct influence from george soros.
wake up and smell the coffee,people.
as far as the race card goes...I knew it was inevitable. demo's would evintually cry out racism when they felt they needed an opinion poll boost.
it doesnt matter that yomama's birth record is gray at the very least...he was popular, and needed to when over public opinion, by the powers that actually run our planet.

Bernice: lol..kinda like the Democrats gag order against Humana!! lol

Übergeek 바둑이: lol
all government leaders should lead the charge into battle.

Übergeek 바둑이: Nader refused lobbyist campaign money. in fact was strongly against lobbyist, and vowed to abolish the practise.

Soros invested heavily in Brazilian oil....then guess our man yomama..decides to do the same, diverting U.S. funds from U.S. soil...funds our country could surely put to better use.
Soros was a large campaign contributer for the yomama team.

Übergeek 바둑이: dude...your a wealth of knowledge! just curious though...whats your take on Ralph Nader?

Pedro Martínez: to me...it just goes to show, that there really is no "left" or "right"...just bad and worse.

anyone ever read this?
http://canadafreepress.com/index.php/article/14700

Pedro Martínez: lol

Übergeek 바둑이: in my opinion...the surplus our cigar wielding Clinton had to play with, came from 8 years of Reganomics,and "I never inhaled" Clintons nafta was the small stone at the top of the hill that started the economic landslide here in the USA.

Übergeek 바둑이: so much for parental guidance.

gogul: as this shows....search by the bill number, SB-2099. http://ron.dotson.net/guns/sb2099.htm

You can find it by doing a search by the bill number, SB-2099. http://ron.dotson.net/guns/sb2099.htm

Übergeek 바둑이: I think when its all said and done..it'll be over oil and oil prices.

Bernice: lol

isnt paypal owned by ebay now?

Snoopy: funny...news here claimed it was planned and city officials were notified

(V): perhaps anything OVER 150K is taxed at 50 %?

this sheds a little light on aig and the fleecing the American people are getting by corporate government

March 25, 2009
Op-Ed Contributor
Dear A.I.G., I Quit!

The following is a letter sent on Tuesday by Jake DeSantis, an executive vice president of the American International Group’s financial products unit, to Edward M. Liddy, the chief executive of A.I.G.

DEAR Mr. Liddy,

It is with deep regret that I submit my notice of resignation from A.I.G. Financial Products. I hope you take the time to read this entire letter. Before describing the details of my decision, I want to offer some context:

I am proud of everything I have done for the commodity and equity divisions of A.I.G.-F.P. I was in no way involved in — or responsible for — the credit default swap transactions that have hamstrung A.I.G. Nor were more than a handful of the 400 current employees of A.I.G.-F.P. Most of those responsible have left the company and have conspicuously escaped the public outrage.

After 12 months of hard work dismantling the company — during which A.I.G. reassured us many times we would be rewarded in March 2009 — we in the financial products unit have been betrayed by A.I.G. and are being unfairly persecuted by elected officials. In response to this, I will now leave the company and donate my entire post-tax retention payment to those suffering from the global economic downturn. My intent is to keep none of the money myself.

I take this action after 11 years of dedicated, honorable service to A.I.G. I can no longer effectively perform my duties in this dysfunctional environment, nor am I being paid to do so. Like you, I was asked to work for an annual salary of $1, and I agreed out of a sense of duty to the company and to the public officials who have come to its aid. Having now been let down by both, I can no longer justify spending 10, 12, 14 hours a day away from my family for the benefit of those who have let me down.

You and I have never met or spoken to each other, so I’d like to tell you about myself. I was raised by schoolteachers working multiple jobs in a world of closing steel mills. My hard work earned me acceptance to M.I.T., and the institute’s generous financial aid enabled me to attend. I had fulfilled my American dream.

I started at this company in 1998 as an equity trader, became the head of equity and commodity trading and, a couple of years before A.I.G.’s meltdown last September, was named the head of business development for commodities. Over this period the equity and commodity units were consistently profitable — in most years generating net profits of well over $100 million. Most recently, during the dismantling of A.I.G.-F.P., I was an integral player in the pending sale of its well-regarded commodity index business to UBS. As you know, business unit sales like this are crucial to A.I.G.’s effort to repay the American taxpayer.

The profitability of the businesses with which I was associated clearly supported my compensation. I never received any pay resulting from the credit default swaps that are now losing so much money. I did, however, like many others here, lose a significant portion of my life savings in the form of deferred compensation invested in the capital of A.I.G.-F.P. because of those losses. In this way I have personally suffered from this controversial activity — directly as well as indirectly with the rest of the taxpayers.

I have the utmost respect for the civic duty that you are now performing at A.I.G. You are as blameless for these credit default swap losses as I am. You answered your country’s call and you are taking a tremendous beating for it.

But you also are aware that most of the employees of your financial products unit had nothing to do with the large losses. And I am disappointed and frustrated over your lack of support for us. I and many others in the unit feel betrayed that you failed to stand up for us in the face of untrue and unfair accusations from certain members of Congress last Wednesday and from the press over our retention payments, and that you didn’t defend us against the baseless and reckless comments made by the attorneys general of New York and Connecticut.

My guess is that in October, when you learned of these retention contracts, you realized that the employees of the financial products unit needed some incentive to stay and that the contracts, being both ethical and useful, should be left to stand. That’s probably why A.I.G. management assured us on three occasions during that month that the company would “live up to its commitment” to honor the contract guarantees.

That may be why you decided to accelerate by three months more than a quarter of the amounts due under the contracts. That action signified to us your support, and was hardly something that one would do if he truly found the contracts “distasteful.”

That may also be why you authorized the balance of the payments on March 13.

At no time during the past six months that you have been leading A.I.G. did you ask us to revise, renegotiate or break these contracts — until several hours before your appearance last week before Congress.

I think your initial decision to honor the contracts was both ethical and financially astute, but it seems to have been politically unwise. It’s now apparent that you either misunderstood the agreements that you had made — tacit or otherwise — with the Federal Reserve, the Treasury, various members of Congress and Attorney General Andrew Cuomo of New York, or were not strong enough to withstand the shifting political winds.

You’ve now asked the current employees of A.I.G.-F.P. to repay these earnings. As you can imagine, there has been a tremendous amount of serious thought and heated discussion about how we should respond to this breach of trust.

As most of us have done nothing wrong, guilt is not a motivation to surrender our earnings. We have worked 12 long months under these contracts and now deserve to be paid as promised. None of us should be cheated of our payments any more than a plumber should be cheated after he has fixed the pipes but a careless electrician causes a fire that burns down the house.

Many of the employees have, in the past six months, turned down job offers from more stable employers, based on A.I.G.’s assurances that the contracts would be honored. They are now angry about having been misled by A.I.G.’s promises and are not inclined to return the money as a favor to you.

The only real motivation that anyone at A.I.G.-F.P. now has is fear. Mr. Cuomo has threatened to “name and shame,” and his counterpart in Connecticut, Richard Blumenthal, has made similar threats — even though attorneys general are supposed to stand for due process, to conduct trials in courts and not the press.

So what am I to do? There’s no easy answer. I know that because of hard work I have benefited more than most during the economic boom and have saved enough that my family is unlikely to suffer devastating losses during the current bust. Some might argue that members of my profession have been overpaid, and I wouldn’t disagree.

That is why I have decided to donate 100 percent of the effective after-tax proceeds of my retention payment directly to organizations that are helping people who are suffering from the global downturn. This is not a tax-deduction gimmick; I simply believe that I at least deserve to dictate how my earnings are spent, and do not want to see them disappear back into the obscurity of A.I.G.’s or the federal government’s budget. Our earnings have caused such a distraction for so many from the more pressing issues our country faces, and I would like to see my share of it benefit those truly in need.

On March 16 I received a payment from A.I.G. amounting to $742,006.40, after taxes. In light of the uncertainty over the ultimate taxation and legal status of this payment, the actual amount I donate may be less — in fact, it may end up being far less if the recent House bill raising the tax on the retention payments to 90 percent stands. Once all the money is donated, you will immediately receive a list of all recipients.

This choice is right for me. I wish others at A.I.G.-F.P. luck finding peace with their difficult decision, and only hope their judgment is not clouded by fear.

Mr. Liddy, I wish you success in your commitment to return the money extended by the American government, and luck with the continued unwinding of the company’s diverse businesses — especially those remaining credit default swaps. I’ll continue over the short term to help make sure no balls are dropped, but after what’s happened this past week I can’t remain much longer — there is too much bad blood. I’m not sure how you will greet my resignation, but at least Attorney General Blumenthal should be relieved that I’ll leave under my own power and will not need to be “shoved out the door.”

Sincerely,

Jake DeSantis


Sort of skipped by the press and Barney Frank.....

(V):I'm under the impression she meant for Queensland.

Bernice: what is wrong with the Labour Party in your opinion?   what other parties do you have?

Czuch:tried working on your "american" built car lately?   have you bought a "quart" of soda?

Artful Dodger:I feel your pain....we get INS raids here in the Ozarks on a regular basis....and it usually the higher paid jobs..ie: bridges and roads.
oh wait...isnt bridges and roads in the stimulas package??

Artful Dodger:those in Mexico and Canada are Americans, same as us here in the USA

The Usurper:theres a guy ya want to go huntin with!!

(V):I like Franklins version better        politics is to wolves telling a sheep what to do....liberty is a well armed sheep,willing to negotiate....

(V):but how does a quote from the bible, lend any true weight to your arguement?

my problem with using the bible for debate, is this....
1...the stories were first originated 2-4 THOUSAND years ago.
2...all stories have been re-written numerous times
3...though many idea's seem sound, the vast majority no longer fit in todays world
4...most bible quoters lack their own ideas and use the bible(in whatever version) as a crutch.

(V):lets cut a baby in half in todays society and see how that flys in our judicial systems.

(V):"they" say......this is exactly my point.

(V):who wrote it?

(V):who wrote that?

Bernice:

Artful Dodger:noy very apeeling

Artful Dodger:heaven, huh? lol

man....come on with the conspiracy.....havent we kicked that horse to death yet???
I'm wondering what our British friends think about our "chosen one" sending back that bust of Churchill??

Czuch:didnt obama just say,"we'll all have to give some skin on this one"?
wheres all the democrats that worked so dilegently to pass a 1100 page bill that no one read??overseas,at our expense. whos skin is going to have to be used?? lol
if any of these people are re-elected...I want to leave the country!

rod03801:higher fuel prices also are a major contributer to poverty

(V):I've seen many go into ruin over drugs...drugs that are readily available on the street.

(V):here in the states, a major contributer is drugs

Artful Dodger:some cultures are not as evolved as others.....
on another note...same subject.....wasnt there an issue in Australia over the muslims?

if they stay...its their choice...get over it.
many men are abused dailey by woman...maybe not physically..but verbally and mentally....same difference in my opinion.   what does this have to do with politics??

The Usurper:if you told me it was dark outside at noon...should I argue?

The Usurper:"Everyone believes in conspiracies."    thats rich, coming from you!! lol

Czuch:I dont allow smokers to use my shop floor for an ashtray...but last I checked...cigarettes are still legal in missouri, so its every adults right to be within their rights and fire one up.